Stronger inflation data and hawkish comment from Federal Reserve's James Bullard helps the US dollar to edge higher. Chainalysis says "Ransomware operators are attacking bigger targets and stealing more funds than ever." According to the Fundstrat firm Fsinsight, BTC price could increase to around $200K per unit in 2022. On Friday Asian trading session, [...]
A report by the ADP Research Institute showing fall in the business payroll weighs on the US dollar. Recent moves of the Fed officials to dilute the rate hike expectation also weighs on the greenback. Market now pay attention to the European Central Bank and Bank of England meetings. Gold trades higher against the [...]
Dollar reaches five week high with Fed meeting market expectation. Powell's comment after the monetary policy also favored the US dollar. Geopolitical tension and Rising cases of Omicron weighs on yen. The dollar traded high and reached near a five-week high on Thursday after the Federal Reserve chair Jerome Powell flagged interest rate hikes [...]
Hawkish expectation from the Fed and the Policymakers comments favors the greenback. Russia - Ukraine geopolitical tension magnifies fears and exerts downward pressure on EUR/USD. ECB meeting fails to favor the Euro. Euro continued its downtrend of Friday trading session on Monday early Asian session. This move can be linked to the Traders being [...]
