Fundamental view: Pound has initially rallied against the greenback but later fell closing with a weekly bear candle. In US inflation has eased. Easing inflation allows Federal Reserve Chair Jerome Powell to insist that price rises are transitory and potentially delay the bank's taper decision. UK Prime Minister Boris Johnson made a shuffling in his [...]
Fundamental view: The Euro has initially rallied during the course of the trading week but later fell to form a bearish candle. The corporate has benefited from economic growth and price pressures wane failed to impress Wall Street, which remained in a downbeat mood. That supported the safe-haven dollar. Isabel Schanel, a German member of [...]
Fundamental view: Bitcoin fell against the greenback this week. The dip saw Bitcoin’s price drop from above $52k to trade below the $45k region earlier this week. The reasons behind the US dollar support are concerns over the delta virus and the Fed officials plan on tapering the bond purchases. But the Popular cryptocurrency analyst [...]
Fundamental view: Gold traded low against the greenback during the course of the week. Fed speakers throughout the week have referred to the start of the bond tapering assets. St. Louis Fed James Bullard and New York’s Fed John Williams both agreed that the reduction of the QE will begin later in this year whereas [...]
