Fundamental view: Bitcoin price has bounced against the greenback and formed a bull candle. The past week has been quite volatile for the flagship cryptocurrency experiencing moves of up to 10%. In the past week, Microstrategy made several more investments in Bitcoin. The first happened on March 1 right after Bitcoin price touched the local [...]
Fundamental view: The Australian dollar has gone back and forth during the course of the week to show signs of exhaustion in the previous week. The slump was all about demand for the American currency amid renewed strength in government bond yields. On Tuesday of the previous week, the Reserve Bank of Australia had a [...]
Fundamental view: The Euro shot higher during the course of the week to reach towards 1.22 level before falling. Long-term US Treasury yields soared, while shorter-term ones also a made a progress, although to a lesser extent. Bonds were sold off in anticipation of higher inflation and prospects for massive stimulus boosted spending. The market has already [...]
Fundamental view: The British pound rallied during most of the week to reach towards the 1.41 handle. The pound has rallied after UK PM Johnson presented a compelling exit strategy. "Incomparably better" – was the word Prime Minister Boris Johnson has described Britain's position in the summer, after laying out a much-anticipated exit plan. The pound is [...]
