Gold was trading up on Monday morning in Asia. Pullback of the dollar gave the yellow metal a boost. The Fed’s dovish stance on interest rates hike combined with lower levels of US labor force participation had gave some pressure to the dollar last week which helped in the yellow metal's surge. The most important [...]
Fundamental view: Bitcoin hovered around $60k this week. This hovering indicates reduced volatility and might be an indication of the explosive move. Bitcoin enjoyed a bullish outlook in October after the anticipation of the approval of an ETF. Given that the products approved by the SEC were futures and not spot, the BTC community was [...]
Fundamental view: Gold struggled to find direction in the first half of the week and fell on Wednesday but later clinged on its gain in the second half of the week. As it was expected, the Fed left its benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% and had unveiled that [...]
Fundamental view: Australian dollar had a fall against the greenback ending the week just below the 0.7400 level, The US dollar gained strength after the US Federal Reserve delivered as expected. The US Central Bank had kept interest rates unchanged at 0.25% which was widely expected and announced the reduction of its asset purchases by $15 [...]
