Fundamental view: Euro initially tried to rally against the greenback but later fell beyond 1.15 crucial level. The American dollar reached the fresh 2021 highs against its European rival in this week. Federal Reserve is more than likely going to continue its tapering program, driving up interest rates in general which helped the US dollar. When [...]
Fundamental view: The Euro had initially tried to rally during the course of the week but gave up gains and fell to the 1.5 level. The US dollar gained strength after the US Federal Reserve delivered as expected. The US Central Bank had kept its interest rates unchanged at 0.25% which was widely expected and announced [...]
Fundamental view: The Euro has initially tried to rally during the course of the trading week but later gave up gains and ended with a bearish candle. The Central banks are facing inflationary pressures amid post-pandemic supply chain issues and soaring energy prices, And at the same time economic recoveries are losing momentum. As Tighter monetary policies [...]
Fundamental view: The Euro managed to close with a bullish candle for a second consecutive week but the advance was somewhat dull as the shared currency stood away from investors’ radars. Top Federal Reserve officials expressed concerns about extended high inflation and noted that it could force the central bank to raise rates sooner than [...]
