Fundamental view: Pound has bounced back to forth in the last week which is largely because of the BOE and Nonfarm Payrolls. Bank of England has left its policy unchanged, by refraining from tapering and labeled inflation as transitory. Michael Saunders, was the only one member who voted in favor of tapering down the BOE's [...]
Fundamental view: The Euro initially tried to rally during the course of the week but then fell at the end of the week. The greenback took a hit in the previous week from the US Federal Reserve, as chief Jerome Powell spoke. However, it does seem like the central bank is paving the way to [...]
Fundamental view: Bitcoin remains bullish against the greenback in this week. 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” whereas US central bank left its monetary policy unchanged which was expected and the economy continued to progress but noted that “substantial further [...]
Fundamental view: Gold has posted gains against the greenback in this week. Broad US dollar weakness stands to be the reason behind this. The comment from Fed Jerome Powell led to weak dollar. Federal Reserve Chair Jerome Powell: the U.S. economy has not reached "substantial further progress" to warrant a slow down of its bond [...]
