Fundamental view: The British pound attracted ‘buy the dip’ traders and closed high against the greenback during the trading course of the week. The improved market mood could be the rationale behind the move. The reports that the Omicron variant might be less severe than feared helped in easing the worries about the continuous surge [...]
Fundamental view: The Euro initially tried to rally against the greenback but later gain up small gains in last 2 trading days of this week. This week was favorable to majors currencies against the greenback due to the upbeat market sentiment ahead of Christmas. The catalysts improving the market mood were the Omicron variant being [...]
Fundamental view: Bitcoin traded high at the beginning but later turned downside against the greenback during the trading course of the week. Inflation concerns and fear about the future of the global economy continue to put weigh on Bitcoin prices, and currently, the Crypto Fear & Greed Index is solidly in the “fear” zone where [...]
Fundamental view: The yellow metal traded in a tight range during the beginning of the week but later managed to portray a decisive rebound and broke above $1,800 on Friday and snapped a four-week bearish streak. The US central bank announced the monetary policy which was same as per the market expectation. The Fed made [...]
