Fundamental view: The Euro has broken significantly during the course of the week and slumped to its weakest level since July 2020 at 1.1263 on Wednesday due to the greenback continuing to gain strength on inflation fears. The quote has lost more than 1% for this week. ECB Governing Council Member Isabel Schnabel said that [...]
Bearish trend seem to pin the Crypto King - Bitcoin this week. Bearish trend is favored 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 dip but most important [...]
The USD/JPY pair is trading sideways in the Asian session today. The yen pair is in consolidating phase after a heavy loss yesterday by dropping the most since August. While it has to be noted that the pair has broke March 2017 highs before activation of the stated fall on Wednesday. The receding inflation expectation [...]
The yellow metal is trading low against the greenback today. The metal witnessed a volatile session on Tuesday that plucked away multi-day peak of the pair towards the heaviest daily loss in a fortnight. Yesterday's volatility could be linked to the Upbeat US retail data, Fedspeak trying to suppress the reflation fears and the start [...]
