Fundamental view: The yellow metal showed an uptrend against the greenback. Greenback was weak due to the steep decline witnessed in the US Treasury bond yields. In the past week, Core Consumer Price Index (CPI), edged higher to 1.6% in March from 1.3%. Although this reading surpassed the market expectation of 1.5%. FOMC Chairman Jerome Powell reiterated that it [...]
Fundamental view: Bitcoin price hits a new all-time high reaching a level of 64800. Coinbase direct listing is the most important development for the crypto currency. US-based cryptocurrency exchange Coinbase went public on Wednesday under the ticker COIN. Despite the significant price slump, institutional investors are already taking advantage of the downswing to buy the shares at a discount. [...]
Fundamental view: The Aussie finished a second consecutive week pretty much unchanged near the 0.7670 level. The commodity-linked currency has remained away from investor’s radar this week, although it’s quite notable that with the broad greenback’s weakness and record levels in Wall Street, the pair was unable to advance. The American currency traded with a [...]
Fundamental view: The yellow metal was trading tight range at the beginning of the week due to the thin trading conditions because of Easter on the week beginning which allowed financial markets to remain calm. After that, the sharp drop witnessed in the US Treasury bond yields weighed heavily on the greenback and triggered a [...]
