Fundamental view: The British pound gave up gains this week and suffered due to recent strength of the US dollar. The US dollar gained strength due to many reasons like Federal Reserve decision and Worries about China also adds to the gloomy sentiment favoring the USD. Russia-Ukraine tensions exacerbated worries in turn favoring the safe [...]
Fundamental view: The Euro fell hard during this week. The quote EUR/USD lost the most on Tuesday when government bond yields raised to levels last seen in February 2020. The benchmark 10-year US Treasury bond yield surged to its highest level at 1.89% which helped the greenback preserve its strength mid-week. Amidst Yields surge, other [...]
Fundamental view: Bitcoin edged higher against the US dollar during the trading course of the week. The rationale behind the move can be related to the fall of the dollar due to the Labor Statistics showing that the Consumer Price Index (CPI) rose to 7% on a yearly basis in December on Wednesday. Moreover, the country released [...]
Fundamental view: Gold showed an uptrend against the greenback during the trading course of the week. In this week, monthly report published by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose to 7% on a yearly basis in December, which is the major catalyst for the fall of the US dollar. [...]
