Fundamental view: The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment turned [...]
Fundamental view: The USD/JPY showed a mixed trend in the last week. There’s still plenty of uncertainty, and USD/JPY trading is volatile since both the U.S. dollar and the Japanese yen serve as safe haven assets. The market continues to be driven based upon the idea of stimulus and risk appetite, which of course is all over [...]
Fundamental view: The pair rallied significantly during the week, as traders are looking for that cheap money coming out of the Federal Reserve or perhaps stimulus from Congress. The president's corona virus episode gripped global headlines. After receiving strong medications and spending three days in the hospital, Trump returned triumphantly to the White House and [...]
Fundamental view: Gold rallied last week. . U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin resumed their talks over the coronavirus aid plan, after U.S. President Donald Trump called off negotiations earlier this week. These catalysts favored the yellow metal. Another thing that could have affected the gold market was Chinese markets opening [...]
