Fundamental view: The British pound gave up gains this week and suffered due to recent strength of the US dollar. The US dollar gained strength due to many reasons like Federal Reserve decision and Worries about China also adds to the gloomy sentiment favoring the USD. Russia-Ukraine tensions exacerbated worries in turn favoring the safe [...]
Fundamental view: The Euro fell hard during this week. The quote EUR/USD lost the most on Tuesday when government bond yields raised to levels last seen in February 2020. The benchmark 10-year US Treasury bond yield surged to its highest level at 1.89% which helped the greenback preserve its strength mid-week. Amidst Yields surge, other [...]
The recent confirmation of crypto.com on $30 million stolen by hackers puts pressure on the Bitcoin. Stricter scrutiny on the crypto exchanges also weighs on the crypto- king. Russia call for blanket ban on crypto trading and mining exerts downward pressure on the Bitcoin. Bitcoin had a drop during Friday Asian session. Crypto hacking, [...]
The soaring inflation in US and Germany favors the yellow metal. US president Biden's speech supporting the Fed Powell's helped the Yields to surge. Russia-Ukraine situation also underpins the bullish rally of the Yellow metal. Gold price has edged high and reached the 2 month high of $1844 during Thursday Asian session. The yellow [...]
