Fundamental view: The British pound has went back and forth against the greenback during the trading course of the week. As far as central banks are concerned, It is expected that the Fed will double the pace of tapering to $30 billion a month. US policymakers will keep rates on hold, but pulling off support programs is [...]
Fundamental view: The Euro has gone back and forth during the course of the week again, same as it did in the previous two weeks. Market is priced at the speculation of US Federal Reserve likeliness of announcing a doubling of its bond-buying program tapering. It is expected that the Fed will double the pace of [...]
Fundamental view: Bitcoin traded low against the greenback during the trading course of the week. This crash to lowest since late September comes in the wake of uncertainties caused by the Omicron variant of COVID-19 and Federal Reserve’s (Fed) growing discomfort with high inflation. In this week, US Federal Reserve Chair Jerome Powell and Treasury [...]
Fundamental view: Gold traded high at the starting of the week but however, with confirmed Omicron cases in Europe and the UK showing mild symptoms, the yellow metal could not standout and fell against the greenback. The Hawkish comment of the Fed Powell further favored the greenback. While testifying before the US Senate Banking Committee, [...]
