Fundamental view: The Euro lost traction against the greenback during the trading course of the week but erased some of it losses in the last day and ended with a slight bearish candle. The year 2022 started with a biggest shock from the Fed. Central bank had released the Minutes of its December meeting, that [...]
Fundamental view: The Euro initially fell in the week but then turned around and closed the week with a bullish candle. In the last week, European Central Bank Governing Council member Klaas Knot noted that the ECB could end its bond-buying program earlier than planned if inflation continues to surprise to the upside. Knot further [...]
Fundamental view: The Euro initially tried to rally against the greenback but later gain up small gains in last 2 trading days of this week. This week was favorable to majors currencies against the greenback due to the upbeat market sentiment ahead of Christmas. The catalysts improving the market mood were the Omicron variant being [...]
Fundamental view: The Euro traded downside against the greenback during the trading course of the week. Both the Central banks - The US Federal Reserve and the European Central Bank made an announcement of their monetary policy decisions and gave fresh forecast on inflation. Market was keen on the findings; however both of them’s tapering-related [...]
