Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week. The fall can be related to the souring of global risk sentiment and traders moving towards the safe haven. The recent crypto.com hacking and Russia’s call for banning crypto also weighs on the Bitcoin. On Thursday, Cryptocurrency exchange Crypto.com acknowledged [...]
Fundamental view: Gold traded high against the greenback and reached to a 2 month high of $1843 during the trading course of the week. The yellow metal remains supported by soaring inflation globally and due to negative real returns. Meanwhile, escalating geopolitical tensions surround US, Russia and Ukraine also make the traders to turn towards [...]
Fundamental view: Australian dollar went back and forth against the US dollar during the trading course of the week. Multiple catalysts like inflation, aggressive policy from the Fed, China's slowing economy and Russia's potential military action favored the US dollar while upbeat employment and inflation data favored the Aussie. Australia faced many lockdowns throughout last [...]
Fundamental view: USD/JPY had a fall and reached to a one-month low of 113.60 during the trading course of the week. The US central bank is about to have a monetary policy meeting next week and will announce the monetary policy decision on January 26. Meanwhile Traders have priced in the Fed’s first hike in [...]
