Fundamental view: The British pound dropped against the US dollar during the trading course of the week. Monetary policy divergence between the Fed and the BoE weighed heavily on the cable. BOE Governor Andrew Bailey turned down the rate hike expectation of May. On Monday, Bailey said the ‘situation is very volatile’ when asked about [...]
Fundamental view: Euro traded high during the first half of the week but later gave its gains against the greenback. The hopes for a ceasefire and higher eurozone inflation helped the Euro. The German’s report showed inflation were up 7.3% YoY in March and the news from Europe's largest economy and also Spain – which [...]
Fundamental view: Bitcoin traded high against the US dollar during the trading course of the week. News of Russia accepting cryptocurrency in exchange of oil and gas exports favors the Bitcoin. Russia's head of the energy committee has said the country is willing to accept bitcoin in exchange for oil and gas exports from countries [...]
Fundamental view: The yellow metal traded high against the greenback during the trading course of the week. FOMC member’s hawkish stance favored the greenback during the first half of the week, and gold traded within a tight range uring first half of the week. FOMC Chairman Jerome Powell said that there is an obvious need to “move [...]
