Fundamental view: The British pound rallied against the greenback in this week. The major reason are Brexit calm and clearer Fed path. The soothing news from Brexit has helped send sterling higher. Alongside a moderate tapering path from the Fed, inflation concerns failed to stop cable's climb. UK inflation stands out, as it could determine [...]
Fundamental view: The Euro showed recovery against the greenback after reaching to a fresh low of 1.1523 in 2021. After the last week’s uptrend, American dollar gave up ground although the shared currency was among its weakest rivals. This week, the dollar showed strength on expectations that the US Federal Reserve will start tapering its [...]
Fundamental view: Bitcoin showed a uptrend against the greenback during the course of the week. Bitcoin adoption in 2021 has been increasing. From increased usage of BTC in El Salvador to rising BTC ATM installations and thus the future for Bitcoin looks bright. The adoption began with retail sector already, institutions have also started taking a look at BTC. [...]
Fundamental view: Gold moved up and down against the greenback during the course of the week. The risk-averse market environment at the beginning of the week extended a helping hand to the precious metal. On Monday, The only data from the US showed that Factory Orders increased by 1.2% on a monthly basis in August [...]
