Fundamental view: The British pound seesawed against the US dollar during the trading course of the week. The Fed Hawkishness and the Omicron woes were the major catalysts behind the movement. Central bank had released the Minutes of its December meeting, that showed policymakers began discussing the reduction of their bonds holding in the upcoming [...]
Fundamental view: The Euro lost traction against the greenback during the trading course of the week but erased some of it losses in the last day and ended with a slight bearish candle. The year 2022 started with a biggest shock from the Fed. Central bank had released the Minutes of its December meeting, that [...]
Fundamental view: Bitcoin dropped sharply during the trading course of the week. Despite the large nominal $6.1 billion year-end options expiry, the bearish candle had a win. The yearend thin trading session could be the rationale behind the Bitcoin move. Elsewhere, some recent news also impacted the crypto king, Malaysian police have cracked down on [...]
Fundamental view: The yellow metal stayed on the front foot jumping to its highest level in more than a month at $1,820 against the greenback this week. The improved market mood favored the yellow metal. The U.S. recorded its highest number of Covid cases this week, ever as the Omicron variant rages. However, the market [...]
