Fundamental view: The British pound started this week with a bearish trend as greenback continued to gain strength due to rising US Treasury bond yields. But ahead of the weekend, the risk aversion market sentiment led to a sharp drop in yields and helping the pound to erase a small portion of its weekly losses. [...]
Fundamental view: The Euro initially fell against the greenback in the first half of the week but later part of the week, risk aversion took over financial markets weighing on greenback and Euro closed with a weekly bull candle. US Policymakers are very cautious, however the Minutes of the Fed’s November meeting released on Wednesday showed [...]
Fundamental view: Bitcoin price is deep under $60000 as it had a hard fall this week. Bearish trend was framed by the two negative events happened in the past few days. On Nov. 12, the United States Securities and Exchange Commission (SEC) denied VanEck’s spot Bitcoin ETF request, Upon the rejection the Bitcoin saw a [...]
Fundamental view: Gold struggled to build on the previous week’s inflation-fueled rally and ended with a weekly bearish candle. The Rising US Treasury bond yields favored the greenback and pressurized the Dollar in the beginning of the week. Later the upbeat US data favored the US dollar and underpinned the bearish trend of the pair. [...]
