Fundamental view: Bitcoin has raised above $60000 this week after a fall on oct 27. Bitcoin price got a great help as the SEC began approving Bitcoin ETFs. But the hype seems to have got vanished after leaving BTC high and dry. Whereas MicroStrategy CEO, Michael Saylor took advantage of the recent dips in Q3 [...]
Fundamental view: Gold markets have rallied significantly during the course of the week but have given back all the gains on Friday. The downside pressure was exerted by a stronger dollar after U.S. data showing inflation stayed hot last month and the market has put the focus back on the Federal Reserve’s policy meeting next [...]
Fundamental view: The AUD/USD pair advanced against the greenback for a fifth consecutive week. The pair reached the high of 0.7555 on Thursday, following the release of US growth-related figures. The US central bank is about to have a monetary policy meeting next week and make an announcement of the outcome on Wednesday, November 3. Back [...]
Fundamental view: US dollar has rallied a bit against the Japanese yen during the trading course of the week. The credit goes to the dovish Bank of Japan statement. Markets have reacted to the Fed restriction but the amount and timing of the purchase reduction is uncertain. Treasury yields in the US have spiked while [...]
