Fundamental view: The British pound has rallied to break above the 1.35 level during the week. The EU and the UK leveled up the pound with Level-Playing Field progress – and now it is down to fish to seal a Brexit deal. Apart from the incessant noise of headlines from the talks, investors may have time to take [...]
Fundamental view: It's been a momentous week for Bitcoin. Since the beginning of October, the coin's value more than doubled; those who were wise enough to buy some BTC in the middle of March got away with 500% returns on their investments. Bitcoin made several approaches to $20,000 and finally smashed it amid substantial market volume. The [...]
Fundamental view: The USD/JPY pair fell to a fresh monthly low of 103.25 this week as the greenback plummeted on the back of the market’s hopes. The pair neared June 2020 low at 103.17, bouncing ahead of the Fed’s announcement, as poor US data dented investors’ mood. The Bank of Japan's decisions to leave interest rates and [...]
Fundamental view: Gold has rallied again during the week. And a plenty of momentum is seen in the yellow metal. The coronavirus vaccine rollout, Brexit optimism and heightened hopes for a US stimulus bill caused risk flows to dominate the financial markets and continued to hurt the greenback. Mirroring the broad-based USD weakness, the US Dollar Index, [...]
