Fundamental view: The British pound started this week with a bearish trend as greenback continued to gain strength due to rising US Treasury bond yields. But ahead of the weekend, the risk aversion market sentiment led to a sharp drop in yields and helping the pound to erase a small portion of its weekly losses. [...]
Fundamental view: The Euro initially fell against the greenback in the first half of the week but later part of the week, risk aversion took over financial markets weighing on greenback and Euro closed with a weekly bull candle. US Policymakers are very cautious, however the Minutes of the Fed’s November meeting released on Wednesday showed [...]
Bitcoin is trading low during the black Friday trading session. Some recent news underpin the bearish sentiment for the King Crypto. Hillary Clinton, former Democratic presidential candidate, talked about cryptocurrency Tuesday. She elaborated on her crypto statement last week and warned that the technology may be manipulated by countries like China and Russia to undermine [...]
Gold is trading higher against the greenback today. The yellow metal had a drop to the lowest level of $1778 the previous day since November 4. The uptrend of the yellow metal can be linked to the pullback in the US Treasury yields. Pullback of the US Treasury yields can be related to the release [...]
