Fundamental view: Bitcoin traded down against the US dollar during the first half but later traded up and erased its losses at the second of the week. The US dollar bulls was underpinned by the NFP report. US March’s Nonfarm Payrolls report came at 431K jobs added, more than the 80K foreseen by economists. Thus [...]
Fundamental view: Gold traded low against the US dollar during the trading course of the week. US NFP report and the Optimism on ceasefire between Russia-Ukraine were the major catalysts which weighed on the yellow metal. Risk on market sentiment dominated the markets amidst renewed optimism for a diplomatic solution to the Russia-Ukraine conflict which [...]
Fundamental view: The Australian dollar traded low against the American dollar during the trading course of the week. The divergence in the monetary policy was the major catalyst behind the move. US March’s Nonfarm Payrolls report came at 431K jobs added, more than the 80K foreseen by economists. Thus market perceived it as a solid [...]
Fundamental view: US dollar edged higher against its yen counterpart during the trading course of the week. The US Bureau of Labor Statistics reported that Nonfarm Payrolls in March rose by 431,000. The reading was far better than the market expectation of 80,000, Moreover, February's print got revised higher to 750,000 from 678,000. The March NFP [...]
