Fundamental view: Gold fell against greenback last week as It was hit by a slate of negative news. This week's primary downward pressure came from rising U.S. Treasury yields mixed in with the stronger U.S. dollar. The sharp upsurge witnessed in the US Treasury bond yields helped the USD stay resilient against its rivals and [...]
Fundamental view: The price of bitcoin has hit an all-time high again Friday, pushing its market capitalization above $1 trillion. After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion. While this number might seem unusually high, it makes sense that the figure would [...]
Fundamental view: The Euro has fallen a bit during the course of the week but then turned around to wake up yet again. The Euro has ended the week where it started, in the 1.2130 price zone, and while it expanded its weekly range. Investor’s attention is centered on US Treasury yields, as long-term ones soared to one-year [...]
Fundamental view: AUD has rallied against greenback in the past week. The Aussie is continuing to benefit from the outperformance from building optimism over the global growth outlook which is helping to improve Australia’s terms of trade. The RBA noted earlier this week that the trade-weighted Aussie would normally be expected to be around 5% higher based on higher commodity prices, [...]
