Fundamental view: The British pound stayed on front foot against the greenback during the trading course of the week. Hotter UK inflation and dovish Fed were the major catalysts in driving the quote, Russia-Ukraine crisis that dominated all through the week on financial market had less impact the cable. UK annual inflation rate arrived at [...]
Fundamental view: Euro dropped against the US dollar but traded within a tight range during trading course of the week. Ukraine – Russia Saga was dominant factor in the financial market which also weighed on the perceived riskier asset Euro. During this week, Market sentiment was sour with multiple Russia – Ukraine headlines weighing on [...]
Fundamental view: Bitcoin initially rallied against the greenback but later gave up some of its gains, However it managed to form a bullish weekly candle. The US dollar bulls was favored by the stronger than expected CPI data. The US reported the January Consumer Price Index, which soared to 7.5% YoY against the forecast of 7.2%,and [...]
Fundamental view: The yellow metal traded high against the US dollar with skyrocketing on the last day of the trading week. Gold was trading to the upside during the initial 3 days of the week taking advantage of weak dollar but on Thursday it tumbled due to the US dollar gaining strength with stronger than [...]
