The cable pair has been dropped from yesterday itself among the strong US data on mildly upbeat market sentiment. Favoring the consolidation could be the light calendar and mixed concerns over the Federal Reserve’s (Fed) action on Wednesday. PM Boris Johnson wants a wider trade deal with the US and also better access to the [...]
The dollar climbed to three-week peaks on Friday, still benefiting from better-than-expected U.S. retail sales data released on Thursday. The US dollar index (DXY) has peaked since August 23, rising last week as market sentiment soured. The US Federal Reserve (FED)'s tapping into this week's Federal Open Market Committee (FOMC) may highlight the Covid – [...]
Fundamental view: Bitcoin showed a uptrend against the greenback in this week. Analysts at Standard Chartered are expecting the Fed to announce the taper next week after the Federal Open Market Committee meets. “The 22 September FOMC will likely signal a tapering decision at the next meeting, providing few details. The interest rates will likely [...]
Fundamental view: The yellow metal rallied initially but later fell badly during the trading course of the week. With the news that the Federal Reserve could opt out to delay the reduction in asset purchases led the dollar to weaken against its rivals. But the risk-averse market environment helped the US Dollar Index (DXY) limit [...]
