Fundamental view: The yellow metal traded in a tight range during the beginning of the week but later managed to portray a decisive rebound and broke above $1,800 on Friday and snapped a four-week bearish streak. The US central bank announced the monetary policy which was same as per the market expectation. The Fed made [...]
Fundamental view: The Australian dollar traded up and down against the greenback and ended the week at the 0.7120 level. The upbeat employment data was the major catalysts favoring the pair this week. The Fed announced the monetary policy this week which was same as market expectation. The Fed made an increment in the reduction [...]
Fundamental view: The greenback initially rallied but later gave up gains against the Japanese yen during the trading course of the week. The most awaited Federal Reserve meeting since the November one, the Fed advanced it’s exit from pandemic support from June to March and tripled its 2022 rate hike forecast. The monetary policy was [...]
Fundamental view: The British pound initially rallied but later gave up the gains against the US dollar during the trading course of the week. Markets have initially reacted positively to the interest rate hike coming out of the Bank of England outweighing Omicron's fears but have wiped out all of those gains from Thursday. The [...]
