EUR/USD is consolidating phase, firm Eurozone data underpins the move. Fed Hawkishness and the Merck's covid pill update boosts the risk- on mood in the market. Traders are keen to watch the speech from ECB’s Lagarde and Powell’s Testimony. Euro is in consolidating phase by erasing losses against greenback in Tuesday Asian session. Upbeat [...]
NFP disappointment overrules the other upbeat US reports and weighs on the greenback. Market remain cautious with the rising cases of coronavirus in Australia. Fed Powell's hawkish comments and rising US inflation might recoup the Friday US dollar losses. The Australian dollar trades high the US dollar on Monday Asian session since US dollar [...]
Fundamental view: Bitcoin showed a sell – off during the trading course of the week and reached its five month low of $40648. The Hawkish Fed is the main catalysts behind the fall. The Federal Reserve Bank released the minutes of its December meeting this week, which elaborated that there is a greater urgency to [...]
Fundamental view: Gold had a poor week and dropped to a fresh three-week low, around the $1.782 level as a reaction to Hawkish fed and mixed US jobs report. Central bank released the Minutes of its December meeting, which showed that policymakers began discussion about the reduction of their bonds holding in the upcoming months. [...]
