The cable pair is showing positive moment today ahead of foreign investment, this will create 30000 jobs in and around UK. Boris Johnson announces $ 10 billion in foreign investment as he rolls the red carpet for business leaders and he welcomes nearly 200 business leaders to the London summit. Microsoft co-founder Bill Gates attends [...]
The euro pair remains under pressure today. Today Greenback shows strong progress amid high U.S. 10-year benchmark Treasury yields. High inflation, energy prices and bullish US retail data have made bond yields even higher. Investors are ready for the central bank's tapering in November, while the European Central Bank (ECB)'s Dovish position weighs on the [...]
Fundamental view: Bitcoin rallied against the US dollar during the trading course of the week. Optimism is bordering euphoria in the cryptocurrency market after documents pointed toward the eventual approval of Valkyrie’s Bitcoin (BTC) exchange-traded fund, or ETF, application by the United States Securities Exchange Commission before the end of the month. The Securities and Exchange Commission (SEC) [...]
Fundamental view: Gold initially gained against the US dollar but fell at the end of the week. The data published by the US Bureau of Labor Statistics revealed that the Core Consumer Price Index (CPI) had stayed unchanged on a yearly basis at 4% in September and the reading provided a boost to risk sentiment. [...]
