Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week and is trading around $40000. The worsening situation in Ukraine is the major catalyst prompting investors towards safe haven asset and pullback from perceived riskier asset – Bitcoin. The Market participants largely ignored the Fed minutes. Russia deployed troops to [...]
Fundamental view: Gold climbed up against the US dollar during the trading course of the week, with maintaining bid for 4 days of the week. The gains had a courtesy of Russia – Ukraine crisis amid Fed speaking ignored by market players. Russia deployed troops to the region, and Western nations feared an invasion. Moscow [...]
Fundamental view: The Australian dollar advanced against the US dollar for a third consecutive week. Aussie was favored by the rising gold prices amid the weak US dollar due to dovish Fed. However, The Russia – Ukraine saga soured the market sentiment prompting the traders towards the safe haven asset – Gold. Russia deployed troops [...]
Fundamental view: Japanese yen edged higher against the US dollar during the trading course of the week. Russian intentions over Ukraine and the headlines regarding the military and diplomatic situation and the dovish Fed were the key catalysts for the USD/JPY movement. Ukrainian political and military tension weakened the USD.JPY as the safe-haven flows in [...]
