Fundamental view: Bitcoin rallied against the US dollar during the trading course of the week and ended trading above $50000 for the first time since Dec. 13. Positive economic data and calming fears about the new variant led to the increased demand for the riskier asset and fueled the bullish trend for BTC this week. For the [...]
Fundamental view: The yellow metal initially fell against the greenback but later rose for the last two consecutive days. The bullion traders portrayed risk-on mood due to the positive updates over the Omicron covid variant and the US stimulus, while also ignoring firmer US Treasury yield in the end of the week. Elsewhere, Central banks [...]
Fundamental view: The Australian dollar has rallied against the American dollar during the week. The improved market mood acted as a tailwind for the Aussie. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge in new COVID-19 cases around the world and in turn, improved [...]
Fundamental view: The US dollar moved higher against the Japanese yen and reached December high of 114.49 on Friday. The reason for this can be linked to the diminishing fear of Omicron and the Hawkish fed. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the [...]
