Fundamental view: The British pound has gone back and forth against the greenback during the course of the week. Long term US government bond yields showed decline last week. The benchmark on the 10-year Treasury note fell to 1.51%, while that on the 2-year bond has surged above 0.50%. A narrowing spread usually hints at a rate-hiking [...]
Fundamental view: The Euro has initially tried to rally during the course of the trading week but later gave up gains and ended with a bearish candle. The Central banks are facing inflationary pressures amid post-pandemic supply chain issues and soaring energy prices, And at the same time economic recoveries are losing momentum. As Tighter monetary policies [...]
Fundamental view: Bitcoin gained against the greenback in this week. Bitcoin price took off as rumors of an ETF approval gained momentum. On October 21, ProShares’ Bitcoin futures ETF (BITO) was debuted on the NYSE. While the regulators had delayed the approval since 2017, things have started to improve considerably in 2021, from real institutional adoption to approval of Bitcoin [...]
Fundamental view: The yellow metal made impressive gains against the greenback this week. Disappointing growth data from China soured the market mood and helped the dollar in return in the starting of the week. As the rally in US stocks picked up, gold gathered bullish momentum and climbed to fresh weekly highs above $1,790. The [...]
