Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. The broad US dollar weakness and the threat of rising inflation are the major catalysts in the bullish move of the quote BTC/USD. US policymaker’s hesitance on rate hike along with weak US ADP data weighed on the US [...]
Fundamental view: The yellow metal rebounded after a sharp fall of the previous week. The broad US dollar weakness and downbeat US ADP report favored the Gold to find strength during the first half of the week later the strong NFP data of US paused the bullish move of the quote XAU/USD. ADP showed a [...]
Fundamental view: Australian dollar traded high against the US dollar and partially recovered its previous week losses and ended around 0.7050 level. The uptrend of the pair can be related to the broad US dollar weakness and the rate hike from BOE and hawkish monetary policy from ECB. US central bank’s policymaker’s hesitance on the [...]
Fundamental view: US dollar traded low against the Japanese yen during the first four trading days but bounced up on Friday with surprise NFP data. The Bank of England and the European Central Bank hawkish stance on rate hike made their currencies stronger against the US dollar. USD/JPY reached its week’s low on Wednesday after [...]
