Fundamental view: The Britain pound traded up against the US dollar during the trading course of the week, However Broad US dollar strength did not allow pound to gain much. The risk averse market sentiment due to Russia- Ukraine conflict and the hawkish Fed helped the US dollar. US Federal Reserve officials reiterated a 50 [...]
Fundamental view: The Euro fell against the US dollar for the second consecutive week. The key catalyst for this move is the European central Bank’s (ECB) monetary policy update since President Christine Lagarde & co announced they would introduce no changes to their monetary policy. Market was expecting for a hawkish stance and rate hike [...]
Fundamental view: Bitcoin had a bad week against the US dollar. The hawkish stance by the Fed Policymakers favored the US dollar. The Fed unveiled the monetary policy this week. FOMC Minutes were far more aggressive than anticipated. US policymakers “generally agreed” on reducing the balance sheet by $95 billion a month, which will likely [...]
Fundamental view: The yellow metal traded up against the US dollar during the trading course of the week. Despite the dollar strength, gold managed to hold its ground on safe haven flows in the risk averse market sentiment. The Fed unveiled the monetary policy this week. FOMC Minutes were far more aggressive than anticipated. US [...]
