Fundamental view: The British pound attracted ‘buy the dip’ traders and closed high against the greenback during the trading course of the week. The improved market mood could be the rationale behind the move. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge [...]
Fundamental view: The Euro initially tried to rally against the greenback but later gain up small gains in last 2 trading days of this week. This week was favorable to majors currencies against the greenback due to the upbeat market sentiment ahead of Christmas. The catalysts improving the market mood were the Omicron variant being [...]
Bitcoin price accelerated above $50000 for the first time since Dec. 13. Major U.S. stock indexes also rose amid improving U.S consumer sentiment in December. That said, Increased demand for the riskier asset fuels the bullish trend for BTC. For the past months, fears of the rapid spread of the Omicron variant, regulatory concerns and [...]
Gold prices held steady in holiday thinned trade on Thursday. The rationale for the move is due to the a weaker dollar offset amid renewed risk appetite which is boosted by an encouraging Omicron study and increased optimism around the global economic outlook. The United States on Wednesday authorized Pfizer Inc's PFE.N antiviral COVID-19 pill [...]
