Fundamental view: The British pound dropped against the greenback during the trading course of this week. The monetary policy divergence between the Fed and BOE is the major catalyst weighing on the pound. The greenback was the most sought-after currency with aggressive Fed rate hike expectations, with the CME’s FedWatch tool showing a 96.5% probability [...]
Fundamental view: The Euro plummeted against the US dollar during the trading course of the week. The geopolitical tension and the China’s covid-19 outbreak were the major catalysts in dampening the market mood, thus Investors flocked towards the safe-haven US dollar. Talking about geopolitical tension, the Russian gas supplier Gazprom halted exports to Bulgaria and [...]
Fundamental view: Bitcoin fell against the US dollar during this week due to the positive sentiment for the greenback. Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. And the bearish sentiment across the space is among the most prominent in years which is potentially more bearish [...]
Fundamental view: Gold initially traded high but later dropped against its US dollar rival during the trading course of the week. Hawkish comments from the Fed policymakers boosted the USD, weighing on the yellow metal. St. Louis Fed President James Bullard said that the Fed might want to consider 75 basis points rate hikes and [...]
