Fundamental view: Bitcoin has seen a sharp fall in the last week. Elon Musk revealed Tesla’s decision on accepting payment in BTC, He tweeted on May 13 that the electric car maker will no longer accept payment in BTC. This was the major highlight of the week which lead to the fall, with the recent [...]
Fundamental view: The gold initially fell during the course of the week but later turned around to show signs of strength. The US inflation has extended a helping hand to the yellow metal. The data published by the US Bureau of Labor Statistics revealed on Wednesday that annual inflation, as measured by the Consumer Price [...]
Fundamental view: The Australian dollar has fallen during most of the week and reached down towards the 0.77 level, Traders now believe that the US economy is going to accelerate and that consumer inflation is more than a transitory phenomenon and it has helped the dollar to show strength. April’s US Retail Sales numbers on Friday were [...]
Fundamental view: The US dollar has rallied a bit during the course of the week and reached the 109.78 high, Wednesday’s inflation report made a foster run in Treasury interest rates, though well within this year’s range, helped USD/JPY to give its best session since starting of this year. Bank of Japan Governor Haruhiko Kuroda [...]
