Fundamental view: Pound went back and forth against dollar in this week. Prime Minister Boris Johnson made an announcement that the UK would fully reopen on July 19, scrapping hundreds of COVID-19 restrictions. This set of rules and prospects of a return to normal temporarily boosted the pound. Whereas The US Center for Disease Control [...]
Fundamental view: Euro initially fell against greenback but overcame losses and closed the week with a bull candle. The American currency was bid through the first half of the week with the anticipation of the FOMC Meeting Minutes. The US central bank surprised market participants in its June meeting by forwarding changes of rate hikes [...]
Fundamental view: Bitcoin price had a mixed trend against the dollar this week, but however it somewhat managed to set up a higher high, which signaled a bullish development. But the later half of the week has been unfavorable for BTC as BTC continues to decline in search of a foothold. The world’s biggest interdealer [...]
Fundamental view: Gold showed a slightly bullish trend against the greenback in the past week. In the absence of high-tier macroeconomic data releases in the first half of the week, hawkish Fed commentary helped the greenback stay resilient against its major rivals. Whereas Federal Reserve's Vice Chairman for Supervision Randal Quarles said that the Fed [...]
