Fundamental view: Pound traded low against dollar in the current week. UK Prime Minister Boris Johnson is set to announce a four-week delay to the last stage of the reopening. July 19 is the new June 21. This acted as a major catalyst in the pound weakening. Britain Halifax HPI yearly report on 7th June [...]
Fundamental view: Euro traded low against dollar at fresh monthly lows and with increased bearish potential. Investors read reg past upwardly revised US inflation figures, which hit 5% YoY in May, accelerating at the fastest pace since 2008. The US Federal Reserve will have a monetary policy meeting next week, and the assessment of record [...]
Fundamental view: Bitcoin price is currently witnessing massive selling pressure. Tesla CEO Elon Musk's involvement in Bitcoin has been an interesting development to track. His tweets on May 12 and May 19 worked as an important catalyst in accelerating the BTC price crash. Regardless of this week being the state-owned Xinhua News Agency and China Central Television mentioned that the [...]
Fundamental view: Gold has posted loss this week against the greenback. US inflation expectations and Treasury bond yields continue to impact gold’s performance. The data from the US showed on Tuesday that the business activity in the manufacturing sector continued to expand at a strong pace which helped the US dollar. The Automatic Data Processing [...]
