Fundamental view: Pound has been trading high against greenback in the past week. GBP/USD as much of the post-FOMC hawkish excitement faded. The recent meeting of BOE provided little in the way of surprises with policy tools left unchanged on the other hand, the outgoing Chief Economist, Andy Haldane, had once again been the only [...]
Fundamental view: The Euro has bounced rather hard to form a bull candle. Fed bankers remained under the spotlight, although sentiment was the main driver, as rallying stocks underpinned demand for high-yielding currencies. On the one hand, European Central Bank President Christine Lagarde said that the outlook for the euro area economy is brightening as [...]
Fundamental view: Bitcoin fell against greenback in the last week. The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16. To tame inflation, the Fed plans to undertake two rate hikes before the end of 2023. Elsewhere Pantera Capital [...]
Fundamental view: Last week gold was crushed, with it having one of its worst weeks since Coronavirus hit last year. And it is worth recalling that the Fed took a sudden hawkish turn on Wednesday and brought forward its projections for the first post-pandemic interest rate hikes to 2023. The Fed also indicated that it [...]
