Fundamental view: The British pound edged higher against the US dollar during the trading course of the week. US dollar weakness and the Rate hike from BoE are the major catalysts underpinning the move of the quote. The US Central bank policymakers diluted expectations of a hefty 50 basis points hike in March even with inflation [...]
Fundamental view: The Euro had largest weekly gain since March 2020 and reached fresh 2022 high of 1.1483. The Major currency pair was following the uptrend since the starting of the week due to broad US dollar weakness and soared after the ECB meeting. US Central bank policymakers diluted expectations of a hefty 50 basis [...]
Fundamental view: Bitcoin seesawed against the US dollar during the trading course of the week. Bitcoin had a quite disappointing year till Jan 25. 2022, However it has 12% partial recovery to $38,100 on Jan. 26. Amidst Hawkish move from Fed weighing on Bitcoin, few other catalysts favors the Bitcoin. The Central bank has left [...]
Fundamental view: The yellow metal plummeted against the US dollar during the trading course of the week. The fall of the gold prices can be related to the Market cheering the US Federal Reserve’s (Fed) signals of the March rate hike and room for more lift-offs. The Central bank has left the rate unchanged however he [...]
