Fundamental view: The Euro initially fell during the starting of the week but later gained some strength against greenback. The reason behind that is the news - Federal Reserve is going to have to tighten its monetary policy much sooner. And the people began to reevaluate the situation as the Federal Reserve has been plain in its [...]
Fundamental view: The British pound showed a strong trend against the greenback in the previous week. Pound benefited from the UK reopening and favorable data. On the other hand, The news that Fed be forced to tighten its policy prematurely and robust inflation figures supported the greenback. In the UK, Prime Minister Boris Johnson made [...]
Fundamental view: Pound trades stronger against the greenback in the previous week. The Bank of England monetary policy tweak has helped the pound to push up and the concerns about the weakness in the US economy have kept the dollar from rising up. BOE upgraded its economic forecasts as Britain's successful vaccination campaign boosts the economy. Infections continue falling, [...]
Fundamental view: The USD/JPY showed a bearish trend in the previous week. The dollar has eased amid cooling expectations for higher rates in the US, which sent stocks up and US Treasury yields lower. The Bank of Japan published the Minutes of its latest meeting, which brought no surprises. The central bank will maintain its quantitative easing, [...]
