Fundamental view: The Australian dollar traded up and down against the greenback and ended the week at the 0.7120 level. The upbeat employment data was the major catalysts favoring the pair this week. The Fed announced the monetary policy this week which was same as market expectation. The Fed made an increment in the reduction [...]
Fundamental view: The greenback initially rallied but later gave up gains against the Japanese yen during the trading course of the week. The most awaited Federal Reserve meeting since the November one, the Fed advanced it’s exit from pandemic support from June to March and tripled its 2022 rate hike forecast. The monetary policy was [...]
Fundamental view: The British pound initially rallied but later gave up the gains against the US dollar during the trading course of the week. Markets have initially reacted positively to the interest rate hike coming out of the Bank of England outweighing Omicron's fears but have wiped out all of those gains from Thursday. The [...]
Fundamental view: The Euro traded downside against the greenback during the trading course of the week. Both the Central banks - The US Federal Reserve and the European Central Bank made an announcement of their monetary policy decisions and gave fresh forecast on inflation. Market was keen on the findings; however both of them’s tapering-related [...]
