Fundamental view: Bitcoin dropped against the greenback during the trading course of the week. The fall of the Bitcoin indicates a lower appetite for risk among traders, investors reduce their exposure to speculative assets such as cryptos during times of uncertainty. .As the Shanghai’s coronavirus lockdown dragged into the fourth week, China ordered mass coronavirus [...]
Fundamental view: Gold prices fell this week amid a worsening demand outlook. The China’s lockdown and the geopolitical tension favored the greenback, weighing on the gold. As the Shanghai’s coronavirus lockdown dragged into the fourth week, China ordered mass coronavirus testing in Beijing, escalating fears over a lockdown in the capital city of the world’s [...]
Fundamental view: The Australian dollar fell against the American dollar during the trading course of the week. US dollar outperformed other currencies with aggressive rate hike expectation from it, with the CME’s FedWatch tool showing a 96.5% probability of a 50 bps rate hike in May and a 85% chance of a 50 bps June [...]
Fundamental view: The US dollar climbed higher against its yen counterpart during the trading course of the week. The monetary policy divergence between the Fed and the BOJ is the major catalyst behind the USD/JPY bulls. The US dollar was the most sought currencies due to the aggressive rate hike expectation from the fed. The [...]
