Fundamental view: Bitcoin showed a upward move against the greenback in the past week. Bitcoin price came with 440% returns over the last six months, 108% in Q1, and almost 30% this month reflect the evolution of BTC from a speculative asset to a means of payment and a store of value for individual and [...]
Fundamental view: Gold started the week with a positive node but later suffered heavy losses after it broke below the lower limit of its two-week-old range at $1,720. The upsurge in yields helped the greenback to gather strength and pushed the yellow metal down while rising global equity indexes gave a helping hand to gold by [...]
Fundamental view: The British pound fell significantly during the course of the week. Pound has seen to be sliding around dollar strength and concerns is increasing about the UK's vaccination campaign. The greenback is building on infrastructure plans to rise, and more details are due in the upcoming week which supports the dollar. US President Joe Biden [...]
Fundamental view: The yellow metal struggled to find direction and fluctuated in a relatively tight range. Although the greenback continued to outperform its major rivals with the help of upbeat data releases. In the last week, While testifying before the US House Committee on Financial Services on the Federal Reserve’s response to the coronavirus crisis [...]
