The 10Y US Treasuries exhibited some higher volatility during the previous week. Nervousness prior to the release of the PCE data was evident, when yields reached their highest weekly level at 4.62%. However, as the PCE was fully in line with the market expectations, yields cooled down a bit until the level of 4,50% for one more time. Shifts in investors...
Last week the price of gold was moving within a relatively short range. The highest-lowest levels were $2.360 and $2.320. The US PCE data showed no difference from current market expectations, in which sense, the market continued to price currently known facts, and it came without too much change in levels from the previous period. Still, concerns over the next...
The S&P 500 Index saw modest gains during the previous week, closing the month at the level of 5.277. The index marked an increase of 4.8% for the month. The index started the week with some volatility, starting the week with a decline to 5.306, then rebounded and maintained a generally positive trajectory. Still, year-to-date, the index gained 11.3% reflecting...
The Fed's favourite inflation gauge, PCE Price Index, was standing at 2.7% in April, exactly in line with market expectations. Core PCE was 2.8%, without a change from the previous month. Core PCE was increased by 0.2% on a monthly basis, while PCE index was up by 0.3% for the month. The US CB Consumer Confidence in May was at level of 102.0 much higher from...
The story about the first ETH ETF continues to shape the crypto market sentiment for the second week in a row. SEC made its initial approval, but the question still stands when they will approve the first ETF to be officially listed. In this sense, the market took a moment to reflect on this information, so the BTC trading was a bit left behind the spectrum of...
Last week in the news The potential timing of the approval of the first ETH ETF and the US inflation data continues to be the major focus of investors on financial markets. The crypto market went into relatively quiet mode during the previous week., while the major developments were on the side of traditional markets. The S&P 500 managed to finish May 4.8% higher...
From week to week investors are shaping the sentiment in line with the latest available data on the US inflation and probability of when the Fed might make its first rate cut during the course of this year. Expectations from the first quarter of this year are turned toward September, where the CME FedWatch Tool is now showing that traders are currently pricing...
Mostly a strong demand for gold from China`s investors pushed the price of gold 13% higher during the course of this year, but as the market has stabilised, the investors are turned to the estimate of potential Fed's rate cuts during the course of this year. Previous week was the worst one for the price of gold for the last five months. There has been a sharp move...
During the week the S&P 500 experienced a mix of gains and losses, reflecting a generally volatile period. The index opened the week at 5.305 and closed it at 5.304. Highest weekly level reached was 5.335 in Thursday's trading session. Although the index gained only 0.03% for the week, still, Friday's trading session brought 0.7% in daily earnings, supported...
Durable Goods Orders in April were 0.7% higher from the month before, and significantly higher from market forecast of -0.8%. Durable goods orders excluding transportation were standing at 0.4% for the month in April. Michigan Consumer Sentiment final for May was 69.1, higher from market estimate of 67.5, but still lower from the previous month`s 77.2. Michigan 5...
The story about the ETH ETF approval marked the previous week, and left BTC aside from investors' view during the second half of the week. However, both volatility and liquidations were significant. First, BTC was strongly shifted toward the level of $71.410 from $66.225, and then the price started its decline toward the level of $66.8K. As per news, there has...
Last week in the news The most important weekly news comes from the crypto market, as the SEC approved ETH exchange traded funds. The price of both ETH and BTC experienced high volatility during the week, with BTC ending the week above the $69K. The pricing of the first Fed rate cut modestly impacted the 10Y Treasury yields, however the price of gold reacted...
Investors are still weightening the latest inflation data posted during the previous week. Posted inflation figures were in line with the market estimate. Inflation rate reached 3.4% on a yearly basis, while core inflation eased to 3.6% in April. By putting it into a perspective of jobs data and consumer sentiment, inventors are perceiving that the first rate cut...
The price of gold made a significant move during the previous week toward the ATH, however, this level has not been reached. Instead, the highest weekly level was $2.420, while ATH stands at $2.430, reached in April this year. There are generally two reasons why this move occurred. On the one side were posted US inflation data, which were in line with market...
The S&P 500 managed to reach a fresh all time high at 5.322 during the previous week, supported by the market optimism. This was a gain of 1.5% on a weekly level. There are currently several reasons for such a move. Certainly, economic data is currently one of the most watched by the market. Posted inflation data in the US for April, showed that the inflation was...
The US Producers Price Index in April was at level of 0.5% on a monthly basis, a bit above 0.3% forecasted by the market. Core inflation in the US eased to 3.6% in April on a yearly basis, which was fully in line with market expectations. At the same time, it was lower from the previous post at 3.8%. Inflation rate on a yearly basis was standing at 3.4% in March....
The minute that traders started to call the BTC market as “boring”, BTC decided to show them some action. Price moves as seen during the previous week the market participants were waiting for some time in the past. The price of BTC finally moved from the $60K support and it was pushed toward the highest close at $67.500 in midweek. However, it encountered...
Last week in the news A new week with new all time highs for S&P 500. Posted inflation figures in the US supported market optimism on Fed's rate cut in September, where the index was pushed to the higher grounds. S&P 500 reached the level of 5.325 on Thursday, still, ending the week at 5.303. The price of Gold was also supported by the expectations on the Fed's...