Fundamental view: The British pound has taken the advantage of dollar weakness in the past week but could not take full advantage due to rising UK covid cases. Fed officials have taken a long list to the stage while repeating the same message that the rise in inflation is transitory while economy has a long way [...]
Fundamental view: The Euro initially rallied during the course of the week to reach a high of 1.2266 but then ran into to selling price. Financial markets rotated around US inflation expectations and their possible effects on the current monetary policy. However, Federal Reserve officials succeeded in cooling hopes for a soon-to-come tightening, leaving speculative [...]
Fundamental view: Gold has rallied significantly during the last week and reached towards the $1800 level. Because of the absence of the significant macroeconomic data releases and fundamental developments, the risk-positive market environment posted a barrier for the dollar to find demand at the start of the week. On the next day Tuesday, the benchmark [...]
Fundamental view: Bitcoin fell significantly during the last week . The main reason for the fall is Elon Musk, the CEO of Tesla. Elon Musk’s tweet triggered a crash on May 12. Likewise, on May 16 Musk startled Bitcoin enthusiasts when he replied to a user and created confusion about Tesla having sold its BTC holdings. Although the CEO made a clarification [...]
