Firm US dollar after the previous day's surge in U.S. yields, weighs on the GBP/USD. The ''Partygate'' scandal creates political uncertainty in UK and in turn weighs on the pound. Formal talks between US and UK and the Cautious optimism on the UK inflation data favors the Pound. The Britain Pound seesaws against the [...]
As widely expected, the BOJ left unchanged a -0.1% target for short-term interest rates and pledged to guide long-term rates around 0%. Japan braces for tougher covid-linked restrictions due to wide spread of the Omicron variant. US dollar is high as traders braced for the possibility of a hawkish surprise from the Federal Reserve. [...]
China Q4 2021 GDP, Industrial Production showed a rise against the previous reading and the market consesus But the Retail sector had a fall in the December month. Expectation of rate cut and the drop of China's birth rate creates a long term concern for China which in turn impacts Aussie. Fed Rate Concerns and [...]
Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. The rationale behind the move can be related to the fall of the dollar due to the Labor Statistics showing that the Consumer Price Index (CPI) rose to 7% on a yearly basis in December on Wednesday. Moreover, the country released [...]
