Fundamental view: The US dollar has rallied quite a bit against the Japanese yen during the trading week but it has given back about half of the gains. Dollar strength has been largely a function of rising US interest rates, the yield on the 10-year Treasury has gained about 40 basis points this year to 1.336% [...]
Fundamental view: The British pound has rallied significantly to take out the 1.40 level. Reaching this level is a mix of British of upbeat UK corona virus statistics and a twist lower in the dollar amid yield-moving stimulus speculation. The British variant is the reason or excuse of several countries struggling to cope with COVID-19. [...]
Fundamental view: The EUR bounced against greenback in the previous week and reached 1.2149 but was unable to hold on to gains above the 1.2100 figure. The advance is related to the dollar self-weakness. The American currency fell off investors’ radar after the release of a tepid Nonfarm Payroll report, maintaining its sour tone throughout the week. [...]
Fundamental view: This past week has been extremely beneficial for BTC and it jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship crypto currency to new highs. Earlier by this week on Monday, Tesla Inc, bought $1.5 billion worth of Bitcoin. Additionally, the electric-vehicle [...]
