Fundamental view: Bitcoin showed a sell – off during the trading course of the week and reached its five month low of $40648. The Hawkish Fed is the main catalysts behind the fall. The Federal Reserve Bank released the minutes of its December meeting this week, which elaborated that there is a greater urgency to [...]
Fundamental view: Gold had a poor week and dropped to a fresh three-week low, around the $1.782 level as a reaction to Hawkish fed and mixed US jobs report. Central bank released the Minutes of its December meeting, which showed that policymakers began discussion about the reduction of their bonds holding in the upcoming months. [...]
Fundamental view: The Australian dollar has fallen during most of the week against the American dollar. The rationale behind this can be linked to the Hawkish Fed. The minutes from the Central bank’s December 16 meeting highlighted a discussion about reducing the bank’s $8.5 billion balance sheet. Fed also judged that conditions for a rate [...]
Fundamental view: US dollar had a good start at the beginning of the week but later gave up some gains against the yen during the trading course of the week. The minutes from the Central bank’s December 16 meeting highlighted a discussion about reducing the bank’s $8.5 billion balance sheet. Fed also judged that conditions [...]
