Threat of rising inflation underpins the uptrend of the Crypto market. Robert Kiyosaki, the highly successful author tweets Bitcoin is part of the path to "financial heaven." A bill introduced by A bipartisan group of U.S. House representatives favors the crypto currency. Bitcoin edged higher against the greenback during Friday Asian session. Choppy trading [...]
A report by the ADP Research Institute showing fall in the business payroll weighs on the US dollar. Recent moves of the Fed officials to dilute the rate hike expectation also weighs on the greenback. Market now pay attention to the European Central Bank and Bank of England meetings. Gold trades higher against the [...]
Hawkish sentiment surrounding BOE favors the Sterling. St. Louis Federal Reserve President James Bullard sounded cautious on rate hike after May , weighs on US dollar. Upbeat economic data favors the uptrend of Cable. Cable is trading high with upbeat economic data and hawkish sentiment surrounding BoE favoring the pound. Rate hike expectation from [...]
Fed Officials hesitance in supporting the rate hike weighs on the US dollar. The recent news of Russia responding in writing to US eases the Russia - Ukraine tensions and favors the quote EUR/USD. Traders await for the ECB meeting on Thursday. Euro trades high against the greenback on Tuesday and is trading around [...]
