Fundamental view: Bitcoin traded lower against the greenback in this week. Some recent news underpin the bearish sentiment for the King Crypto. Hillary Clinton, former Democratic presidential candidate, talked about cryptocurrency Tuesday. She elaborated on her crypto statement last week and warned that the technology may be manipulated by countries like China and Russia to [...]
Fundamental view: Gold traded low and dipped to its lowest level since early November $1778 on Wednesday But showed a rebound on the second half of the week and closed on the negative territory by reaching $1849. The major reason behind the strength of the US dollar was a sharp upsurge in US Treasury bond [...]
Fundamental view: The Australian dollar formed a bearish rally against the American dollar this week. Australian central bank is very dovish, while the Federal Reserve is looking to taper bond purchases. US Federal Reserve is one of the few central banks that have already took action to reduce facilities. Moreover, Australia is stepping ahead into its [...]
Fundamental view: US dollar raised in the beginning of the week and reached its peak 115.52 on Wednesday since January 2017, the reason behind this move can be related to US inflation and Consumer spending data. But the outbreak of new coronavirus variant led to the risk aversion sentiment in the market , Along with [...]
