Fundamental view: Gold markets have pulled back a bit during the trading week, only to show signs of strength again just above the $1900 level. As the US dollar is trying to recover we expect the instrument to be bearish in the upcoming week. Analysts note that rising inflation pressures continue to put pressure on real yields, [...]
Fundamental view: Bitcoin fell in the beginning of the week later managed to tacked the strength of greenback. “The aggressive unwind of crowded positioning related to DeFi assets” could have contributed to the decline. However, other factors like whales taking profit, miners selling off their stashes, and a major South Korean exchange Bithumb reportedly being [...]
Fundamental view: The British pound fell in the previous week .UK presented draft legislation that upends some of the Brexit Withdrawal Agreement, and the EU responded angrily. The news overwhelmed everything else and pounded the pound. Britain Halifax HPI on 11th Sept favored uptrend for the pair whereas US JOLTS Job Openings on 9th Sept and US [...]
Fundamental view: The American dollar appreciated throughout the first half of the week, in the heels of the momentum triggered by encouraging data released the previous Friday coupled with the absence of relevant macroeconomic news but in later part it turned in to opposite direction as the shared currency got vote of confidence from market players [...]
