Fundamental view: Pound closed the week with a bullish candle but did not make out much with the Dollar sell-off. As far the employment report is considered, US Nonfarm Payrolls figures fell well short of already-lowered projections, coming out at only 235,000 positions gained in August. On the other side for pond, Brexit-related shortages on [...]
Fundamental view: Euro rallied against the greenback in the past week. This is mostly due to the dovish comments from US Federal Reserve Chair Jerome Powell and tepid local employment-related data, all of which points to a delay in tapering. Hawkish which came from different fed officials led to the speculation the US central bank [...]
Fundamental view: Bitcoin portrayed a bullish trend against the greenback in this week. US dollar fall served a helping hand towards the Bitcoin uptrend. Other news also favors the Bitcoins. As per a news agency, Kyrgyzstan’s State Service for Regulation has developed a draft of regulations for crypto exchanges on August 25. The draft aims [...]
Fundamental view: The selling pressure around greenback lead to the rise of the yellow metal in the last week. Gold saw immediate gains following Powell's speech at the Jackson Hole Economic Policy Symposium. Powell sounded more cautious than other Fed officials when talking about tapering, stating that the central bank could start reducing its $120 [...]
