Fundamental view: After gaining more than 1% in the previous week, the XAU/USD pair struggled to preserve its bullish momentum and edged lower during the first half of the week and showed upward movement in the end day of the week. U.S. Dollar held steady, taking some of bullion’s allure kept it on track for [...]
Fundamental view: The British pound initially fell during the course of the week but then turned around to show signs of strength. The US currency has been unable to continue January's modest improvement and faces a test in the week ahead with payrolls on February 5. The UK employment picture, better than expected despite the [...]
Fundamental view: Bitcoin showed a mixed trend during the past week closing with a positive node. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, intends to ban all the private cryptocurrencies in India, but will also provide a framework to create the official digital currency issued by the Reserve Bank of India. The bill will [...]
Fundamental view: The EUR/USD pair has fallen during the week but finished it above the 1.2100 range. The greenback appreciated on risk aversion generated by turmoil in equities markets. Traders looked beyond US first-tier data, instead focused on the individuals; investors craze that stole headlines these days but on the other hand, US data was mostly upbeat. US [...]
