Fundamental view: Bitcoin rallied against the US dollar during the trading course of the week. Optimism is bordering euphoria in the cryptocurrency market after documents pointed toward the eventual approval of Valkyrie’s Bitcoin (BTC) exchange-traded fund, or ETF, application by the United States Securities Exchange Commission before the end of the month. The Securities and Exchange Commission (SEC) [...]
Fundamental view: Gold initially gained against the US dollar but fell at the end of the week. The data published by the US Bureau of Labor Statistics revealed that the Core Consumer Price Index (CPI) had stayed unchanged on a yearly basis at 4% in September and the reading provided a boost to risk sentiment. [...]
Fundamental view: American dollar advanced again the US dollar during the trading course of the week. The Australian dollar rallied despite tepid local data. The minutes of the FOMC monetary policy meeting held on September 21-22 revealed that the US central bank is remaining on track to begin tapering its bond purchases in 2021. Moreover, [...]
Fundamental view: The US dollar has skyrocketed against the Japanese yen during the trading course of the week. The widening spread between US and Japanese sovereign yields over the past three weeks has kept the USD/JPY moving sharply higher despite the weaker view on the dollar. The yen was hampered by the prospect of another huge [...]
