Fundamental view: Bitcoin has been falling against the greenback in the previous week. It has reached levels last seen almost a month ago. While the recovery has been slow for now, investors can expect an expedited run-up the following week. However El Salvador’s news failed to catalyze Bitcoin price significantly, the developments around Bitcoin mining [...]
Fundamental view: Gold traded high compared to greenback in the previous week. In the absence of high-tier macroeconomic data releases and fundamental developments, the USD’s market valuation drove XAU/USD’s movements at the initial of the week. On the other hand while testifying before the House Select Subcommittee on the Coronavirus Crisis, Powell adopted a less-concerned [...]
Fundamental view: The Australian dollar has rallied a bit during the course of the week The macroeconomic data coming from major economies indicated sustained growth, regardless if it missed or surpassed the market’s expectations. Central bankers from around the developed world are showing different degrees of optimism regarding the post-pandemic comeback, which is underway. Australia [...]
Fundamental view: The US dollar has gone back and forth against the yen during the course of the trading week. This is because there is a bit of confusion in the market as the market is likely to continue to see a lot of questions asked about the Federal Reserve, especially as the Core PCE [...]
