Fundamental view: Pound had a fall against the greenback in this week reaching a fresh 2021 low. This is mainly due to the US dollar strength as investors are pricing a 72% chance of a Federal Reserve rate hike by June 2022. Now the pair's potential recovery depends on Brexit developments. A positive update comes [...]
Fundamental view: Euro initially tried to rally against the greenback but later fell beyond 1.15 crucial level. The American dollar reached the fresh 2021 highs against its European rival in this week. Federal Reserve is more than likely going to continue its tapering program, driving up interest rates in general which helped the US dollar. When [...]
Fundamental view: Bitcoin hovered around $60k this week. This hovering indicates reduced volatility and might be an indication of the explosive move. Bitcoin enjoyed a bullish outlook in October after the anticipation of the approval of an ETF. Given that the products approved by the SEC were futures and not spot, the BTC community was [...]
Fundamental view: Gold struggled to find direction in the first half of the week and fell on Wednesday but later clinged on its gain in the second half of the week. As it was expected, the Fed left its benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% and had unveiled that [...]
