Fundamental view: The British pound has fell against the greenback during the course of the trading week. Fed Reserve Powell’s comments has supported the US dollar. US 10-year Treasury yields hit 1.50% in this week . Another concern which has temporarily supported the safe-haven dollar was the fear that the US would default on its [...]
Fundamental view: The EUR/USD has ended the week with a year lowest level. Demand for the US dollar is supported by comments from US Federal Reserve chief Jerome Powell. Fed head Powell noted that supply chain issues could lead to a longer interval of higher inflation, calling the latter “frustrating” and seeing it running into [...]
Fundamental view: Bitcoin showed a downtrend against the dollar in this week. The adoption of the Bitcoin remains strong but investors does not seem to be interested in it. This week, Twitter released an update providing Twitter users with a Strike account to tip BTC through the Lightning Network. While the rumors of this development [...]
Fundamental view: Gold traded low against the greenback during the course of the week. At the start of the week, concerns over the Evergrande crisis turned into a global turmoil. Evergrande, was at risk of default, which could result in a disruption of the entire country’s financial system. People's Bank of China announced that it [...]
