Fundamental view: Bitcoin showed strength against the greenback in this week. In a conference, Elon Musk, Jack Dorsey and Cathie Wood discussed Bitcoin and its future. In the panel that aimed to “demystify and destigmatize” the mainstream narrative of the big crypto, Tesla CEO Elon Musk revealed that it would start accepting BTC payments. The [...]
Fundamental view: The Yellow metal fell against the greenback in this week. Without any high-tier macroeconomic data releases and fundamental developments, risk perception remained the primary market driver earlier in the week. The sharp decline which was seen in Wall Street’s main indexes on Monday and Tuesday allowed the greenback to find demand. In the [...]
Fundamental view: Australian dollar fell against the US dollar in this week. The Reserve Bank of Australia published the Minutes of its latest meeting, which portrayed that policymakers are compromised to maintain supportive monetary conditions, and repeated rates will remain at record lows until employment and inflation make a reach of the desired levels. Australian [...]
Fundamental view: The US dollar initially fell during the course of the week against the Japanese yen but then turned around to show signs of strength again. Covid cases are edging higher in Japan, including in Tokyo, where the delayed Olympic Games have begun. Reports about athletes and other officials testing positive are also coming [...]
