Fundamental view: Bitcoin price has penetrated below the psychological level $50000 and closed around $48000 this week. Some recent news might have lead the Bitcoin to crash. The president of Payne Capital Management, Ryan Payne has warned that crypto is “one of the biggest bubbles ever.” Stressing that the crypto market is “becoming a bigger [...]
Fundamental view: Gold has struggled against the greenback during the trading course of the week. The US dollar came back in demand with the hawkish Fed expectations. Market now expects that the Fed will be forced to tighten its monetary policy sooner rather than later to contain stubbornly high inflation. This in turn weighs on the yellow [...]
Fundamental view: Australian dollar has rallied significantly against the American dollar and ended near the 0.7170 level during the trading course of the week. The pair has recovered from the a fresh 2021 low of 0.6992, this week. The Fed is widely anticipated to increase the amount of its monthly taper from $15 billion to [...]
Fundamental view: The US dollar has rallied a bit against the Japanese yen during the trading course of the week. US dollar seems to gain support from the US inflation figures and comments from Federal Reserve officials, including Chair Jerome Powell; He says that it is time to act on inflation. The Fed is widely [...]
