Fundamental view: Euro traded high during the first half of the week but later gave its gains against the greenback. The hopes for a ceasefire and higher eurozone inflation helped the Euro. The German’s report showed inflation were up 7.3% YoY in March and the news from Europe's largest economy and also Spain – which [...]
Fundamental view: The Euro dropped against the US dollar during the trading course of the week. The Federal Reserve policymakers hawkish stance favored the greenback meanwhile escalating Ukraine – Russia saga weighed on the Euro. US Federal Reserve Chair Jerome Powell aggressive speech helped the dollar. A slew of Fed members along with Powell favored the 50bps [...]
Fundamental view: Euro managed to erase some of its previous week’s losses and ended trading around 1.1370 level. Headlines of Russia - Ukraine crisis dominated the financial markets, but it did not show any peace talks progress. However, during the first half, Optimism over a probable truce between the two gave sigh of relief to [...]
Fundamental view: Euro plummeted against the greenback during this week due to the risk sentiment amidst Ukraine crisis. Concerns over Russia – Ukraine tussle eased temporarily during mid week as Kyiv put a diplomatic solution on the table, but of no use. Market stayed under pressure most of the week, However, it got a positive [...]
