Fundamental view: Bitcoin dropped against the US dollar during the trading course of the week. The Crypto king traded low this week with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward. Bitcoin is trading near the $40,000 support [...]
Fundamental view: Gold ended in the positive territory this week. Inflation fears, geopolitical tensions helped the safe haven flow thus favoring the precious yellow metal. Fading hopes about Russia and Ukraine reaching a peace agreement, the ongoing coronavirus-related lockdowns in China and inflation fears forced investors to move towards the safe haven gold. President Vladimir [...]
Fundamental view: The Australian dollar fell against the American dollar for the second consecutive week. Market was priced in the US Federal Reserve’s aggressive monetary policy stance which weighed on the Aussie. Market sentiment was sour amidst a coronavirus outbreak in China, leading to local lockdowns and the Eastern European crisis. President Vladimir Putin has [...]
Fundamental view: US dollar rallied against the Japanese yen during the trading course of the week. The hawkish fed and Risk sentiment due to the Ukraine war boosted the greenback. The Fed policymakers reiterated a 50 bps rate hike in May and paved the way for a reduction of the balance sheet .New York Fed [...]
