Fundamental view: Cable managed to portray a uptrend after 3 weeks of downtrend, despite a cautious Bank of England (BOE) rate hike. 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 risk-sensitive currencies [...]
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: Bitcoin traded high and erased some of its previous week’s losses against the greenback during this week. Financial Market was largely impacted with the Russia- Ukraine tension this week. President Joe Biden’s new executive order on cryptocurrency that was announced Wednesday saw Bitcoin’s price increase by 10%, before falling back. The order directed government agencies to coordinate [...]
Fundamental view: The yellow metal climbed high against the US dollar during the trading course of the week. Market sentiment remained sour for most of the week, which helped the safe-haven flows and it reached to its highest level above $2,070 on Tuesday. However after Thursday’s meeting between the foreign ministers of Russia and Ukraine, [...]
