British pound fell against the greenback during the Tuesday Asian session. The dampened market sentiment may be the reason behind the fall. First death linked to the omicron variant in the UK is the catalysts which dampened the market mood amid its fast global spread. As a response to increasing COVID-19 cases in the country, [...]
Euro is trading downside against the US dollar at the start of the week. The main driver of the EUR/USD pair may be the indecision over the next moves of the European Central Bank (ECB) and the US Federal Reserve (Fed). While the Market News Internation (MNI) cited sources to confirm further easy money policies [...]
Fundamental view: Bitcoin price has penetrated below the psychological level $50000 and closed around $48000 this week. Some recent news might have lead the Bitcoin to crash. The president of Payne Capital Management, Ryan Payne has warned that crypto is “one of the biggest bubbles ever.” Stressing that the crypto market is “becoming a bigger [...]
Fundamental view: Gold has struggled against the greenback during the trading course of the week. The US dollar came back in demand with the hawkish Fed expectations. Market now expects that the Fed will be forced to tighten its monetary policy sooner rather than later to contain stubbornly high inflation. This in turn weighs on the yellow [...]
