Fundamental view: Bitcoin fell against greenback in the past week. Bitcoin is trading more than $10,000 per coin less than the current high, after according to one crypto analyst, the “bid” side of market has disappeared, exposing the cryptocurrency’s current weakness. The lack of buying currently could be due to what another analyst calls a jittering macro environment, [...]
Fundamental view: The US dollar initially pulled back during the starting and then rallied against the yen at the end of the week. The sharp rise in real interest rates in the US (yield -inflation) has been the largest factor in the ascent of the USD/JPY this year. Even though the dollar overall has had [...]
Fundamental view: The AUD/USD pair was in uptrend in the beginning of the week touching a fresh three-year high, but it was all downtrend from there. Wall Street plummeted as US Treasury yields soared to one-year highs, by dragging commodity-linked currencies lower. The pair made a rally as the American dollar maintained its sour tone while [...]
Fundamental view: Gold fell to an eight-month low on Friday this week to its worst month since November 2016 as a stronger dollar and elevated U.S. Treasury yields hammered non-yielding bullion's appeal. "Rising 10-year yields, along with the U.S. dollar moving higher, and we had a resurgence in risk appetite. All that was a very [...]
