Fundamental view: The Euro has gone back and forth during the course of the week again, same as it did in the previous two weeks. Market is priced at the speculation of US Federal Reserve likeliness of announcing a doubling of its bond-buying program tapering. It is expected that the Fed will double the pace of [...]
Fundamental view: The Euro traded high at 1.1382 but failed to retain its gains and fell to 1.1266 at the week end. A number of factors lead to the sour market sentiment this week. The newly discovered coronavirus variant named Omicron was the first factor in this regard, South Africa reported it on November 25, and the [...]
Fundamental view: The Euro initially fell against the greenback in the first half of the week but later part of the week, risk aversion took over financial markets weighing on greenback and Euro closed with a weekly bull candle. US Policymakers are very cautious, however the Minutes of the Fed’s November meeting released on Wednesday showed [...]
Fundamental view: The Euro has broken significantly during the course of the week and slumped to its weakest level since July 2020 at 1.1263 on Wednesday due to the greenback continuing to gain strength on inflation fears. The quote has lost more than 1% for this week. ECB Governing Council Member Isabel Schnabel said that [...]
