The selling pressure in the US dollar pushes wake of delayed Fed taper’s talk. The dollar was brilliant on Tuesday following a one-day fall from May, despite traders being cautious in chasing a mood-driven move ahead of a Federal Reserve symposium to put an end to incentives and property purchases. The US data showed strong, [...]
Kiwi is recapturing the bullish trend after the release of monetary policy today. A senior central bank official said that the delta variant of the corona virus in New Zealand is not yet a "game changer" and there is no pressure to act on monetary policy. At this point, our basic economic analysis and vision [...]
Fundamental view: Bitcoin traded higher despite greenback showing strength. Bitcoin received a major tailwind as FTX announced a $450,000 grant to Brink, a developer community, on August 13. Launched in 2020 with funding from big names in cryptocurrency markets like the Human Rights Foundation, Square Crypto and crypto exchange Gemini, Brink helps Bitcoin’s open-source developer [...]
Fundamental view: Despite the greenback traded high, Gold managed to traded high. Escalating geopolitical tensions between the US and China along with the increasing number of coronavirus Delta variant cases impacted the market sentiment at the beginning of the week. The Fed's minutes of its July policy meeting revealed some policymakers saw it appropriate to [...]
