Fundamental view: Bitcoin fell in the last week and touched around 11k. The Fed's plan to hold rates near zero for the foreseeable future is driving real Treasury yields below zero and forcing investors to find healthy returns elsewhere. Traders are experimenting with crypto currencies, anticipating their insulation from inflation will lift prices higher. The major [...]
Fundamental view: The British pound has shown itself to be resilient in the last week, breaking to a fresh, new high, before giving back some of the gains Britain CBI Realized Sales on 25th August and US Prelim GDP quarterly report on 27th Aug created a bearish trend for the pair whereas US CB Consumer Confidence on [...]
Fundamental view: The US dollar has initially tried to rally against the Japanese yen, but gave back quite a bit of the gains, especially on Friday. Japan BOJ Core CPI on25th August and US Core Durable Goods Orders on 26th August supported upward movements for the pair whereas Japan SPPI yearly report on 26th August and US Unemployment [...]
Fundamental view: The yellow metal initially pulled back during the week, but benefited from broad-based US dollar weakness, as global markets cheer Fed’s lower rates for a longer period and down greenback’s haven demand. Ultimately, the market should continue to go a lot of choppiness, but as the Federal Reserve has raised the bar again [...]
