Fundamental view: USD traded strongly against the yen the course of the week, to pierce the ¥109 level. This is probably not about the US dollar, but because of the Japanese yen as it is getting hammered by several different currencies right now. In Japan, the BOJ has kept monetary policy unchanged as universally anticipated. [...]
Fundamental view: Bitcoin price shows considerable strength after springing from the recent crashes. Chicago Mercantile Exchange (CME) has announced the launch of Micro Bitcoin Futures (MBT) on May 3, which could see a lot of interest from retail investors. According to the firm’s senior managing director, Sean Tully, the decision to launch this new financial product comes [...]
Fundamental view: Bitcoin fell significantly during the course of the week. Market participants seem to be panic and are selling their holdings, sending the market into a tailspin. Bitcoin price witnesses two crashes in less than a week, Some unfounded sources stated that the U.S. Treasures would go after financial institutions for money laundering using cryptocurrencies. [...]
Fundamental view: The US dollar has drastically fell against the Japanese yen in the past week. US Dollar weakness was a primary theme is the reason behind this trend.US dollar fell because the bond yield markets are going crazy occasionally. As US rates have eased, helped along by a Federal Reserve that’s confident in both rates and inflation [...]
