Fundamental view: The Australian dollar had a bearish momentum against the American dollar during the trading course of the week. The hawkish Fed and the risk off market mood favored the US dollar. The Russia – Ukraine crisis and the coronavirus returning to China walloped the market sentiment. Market Participants has priced a 70% chance [...]
Fundamental view: The US dollar edged higher against the Japanese yen during the trading course of the week. The Fed- BoJ monetary policy divergence was the key catalyst in the uptrend of the quote. Hawkish comments from fed policymakers favored the US dollar. St Louis Federal Reserve President James Bullard said the bank should not rule [...]
Fundamental view: The British pound dropped heavily against its US counterpart during this week. The risk off market mood and the Fed-BoE monetary policy divergence were the market movers of the week. A lack of progress on the Russia-Ukraine diplomacy front weighed on the investors sentiment favoring safe-haven dollar. Meanwhile hawkish fed also underpinned the [...]
Fundamental view: The Euro traded low against the greenback during the trading course of the week. The risk aversion market sentiment and the hawkish Fed was the major catalyst behind the move, however the hawkish surprise from the ECB policymakers favored the Euro and put a cap on the bullish trend of the quote. The [...]
