Euro is trading low against the greenback in the Monday Asian session. The softer-than-expected US Nonfarm Payrolls (NFP) and the worsening of the Eurozone’s investor sentiment underpinned this move. The Unemployment rate dropped lower than the expectation of 4.7% to 4.2% this data helped the greenback. However US NFP disappointed labor market optimists with 210K [...]
Fundamental view: Bitcoin traded low against the greenback during the trading course of the week. This crash to lowest since late September comes in the wake of uncertainties caused by the Omicron variant of COVID-19 and Federal Reserve’s (Fed) growing discomfort with high inflation. In this week, US Federal Reserve Chair Jerome Powell and Treasury [...]
Fundamental view: Gold traded high at the starting of the week but however, with confirmed Omicron cases in Europe and the UK showing mild symptoms, the yellow metal could not standout and fell against the greenback. The Hawkish comment of the Fed Powell further favored the greenback. While testifying before the US Senate Banking Committee, [...]
Fundamental view: Australian dollar traded low against the American dollar during the trading course of the week. The sour market sentiment and chances of further tightening in the US favored the American dollar. The discovery of Omicron variant created sour market sentiment. As per analysts, Omicron is more contagious, it is also less deadly. It [...]
