Fundamental view: Pound traded low this week. Fed's meeting minutes from the July meeting portrays a growing trend toward reducing the bank's bond-buying scheme already in 2021.After media reports, the media report came about an upcoming announcement in September, which helped the dollar to rise. Increasing coronavirus cases gained importance after America reported some 250,000 [...]
Fundamental view: Euro traded its lowest at this week. The market moves with the idea of US dollar strength. The FX board is depending on 2 things - higher chances of US tapering and the spread of the coronavirus Delta variant. Fed published the minutes of its latest FOMC meeting which indicated that the policymakers [...]
Fundamental view: Bitcoin has shown an uptrend against greenback in the previous week. Despite the recent crashes, Bitcoin adoption continues to progress. The President of Argentina, Alberto Fernandez, expressing his views on how Bitcoin can combat inflation with a local media outlet on August 12, this helps the Bitcoin's uptrend. Singapore’s largest bank - DBS [...]
Fundamental view: The yellow metal bounced up and down against the greenback in this week. The unabated USD strength at the start of the week caused the pair to show a downtrend at the beginning of the week. Atlanta Federal Reserve Bank President Raphael Bostic said that the Fed could start to reduce asset purchases [...]
