Pound seems to recover against the greenback during early Wednesday. The GBP/USD quote is seen to cheer the market’s optimism the previous day to snap a two-day downtrend. However the Omicron fears and Brexit woes challenge the pound and the cable traders are keen on the upcoming GDP quarterly report. Omicron infections are multiplying across [...]
Japanese Nikkei declined against the US dollar during the Asian session Tuesday. This move can be related to the firmer US Treasury yields and the risk-off market mood. The US Treasury yields posted 2.3 basis points (bps) of an upside to 1.42% after declining to the monthly lows. On the other hand, Japanese policymakers are [...]
Aussie traded downside against the greenback on Monday. The drop can be linked to multiple catalysts - Omicron fear creating sour sentiment in the market, People’s Bank of China’s (PBOC) surprise rate cut and Slump of the Magellan Financial Group to its worst session on losing a major client. Growing fears on the omicron virus [...]
Fundamental view: Bitcoin traded high at the beginning but later turned downside against the greenback during the trading course of the week. Inflation concerns and fear about the future of the global economy continue to put weigh on Bitcoin prices, and currently, the Crypto Fear & Greed Index is solidly in the “fear” zone where [...]
