Kiwi remains under pressure on Wednesday and trades around 0.69098. The drop of kiwi can be related to the Reserve Bank of New Zealand (RBNZ) interest rate decision. Central bank of New Zealand fails to surprise markets by announcing a widely anticipated 25 basis points (bps) of a rate hike for the second time. RBNZ [...]
Pound is trading downside against the greenback. This can be related to the US President Joe Biden’s nomination for the Fed Chair’s position, Brexit woes, COVID-19 fears and Dovish stance of BoE bailey ahead of the UK and the US preliminary PMI numbers for November. President Biden on Monday nominated Federal Reserve Chair Jerome Powell, [...]
The EUR/USD pair remained under pressure and is trading just a few pips above a 16-month low touched on Friday, in the Asian session. A number of factors combine together to underpin the bearish trend of the pair, although the oversold conditions kept away the traders from placing new bearish bets. The greenback is favored [...]
Fundamental view: Bitcoin price is deep under $60000 as it had a hard fall this week. Bearish trend was framed by the two negative events happened in the past few days. On Nov. 12, the United States Securities and Exchange Commission (SEC) denied VanEck’s spot Bitcoin ETF request, Upon the rejection the Bitcoin saw a [...]
