XBTFX

XBTFX

During the previous period the market was trying to price its expectations of a less than three rate cuts during the course of this year, giving up on the Fed's announcement from the latest FOMC meeting. The meeting held on May 1st, showed that the market was right in its assumptions, considering that the emerging US inflation might put halt on rate cuts this...

XBTFX

There have been a lot of macro developments during the previous week, including FOMC meeting and softer than expected US jobs data, which left the gold outside of the investors focus. However, those with a significant prior exposure took the chance to close positions and book some profits. In this sense, the price of gold was in a sort of reversal during the week....

XBTFX

Markets tried to stay on a positive side after the FOMC meeting, however, the April`s job report was the one that saved the market optimism during the previous week. Although the Fed noted that the first rate cut will occur when data clearly show that the inflation is on a clear road toward the 2.0% target, a much softer than expected jobs report was the one that...

XBTFX

Major event during the previous week was the FOMC Meeting, held on 1st May. Market was closely watching Fed Chair Powell's speech, considering recent emerging inflation. The main question for the market was when the Fed will make the first move to cut interest rates? The Fed`s rhetoric has not changed much. They acknowledged that the inflation is slowly taking the...

XBTFX

BTC is moving back to the mainstream sensitivity, after the frenzy over the first ETF approval and BTC halving was over. It was clearly evident during the previous week, when the market nervousness regarding Fed's decision and view on economic developments was too high. Namely, increasing inflation in the US is putting in question whether the Fed will have a...

XBTFX

Last week in the news As it was expected, the Fed held interest rates without change at their FOMC meeting held on 1st May. Market nervousness prior to the meeting brought back some higher volatility. The USD modestly weakened, while gold ended the week testing $2.3K level. The US Treasury yields dropped after the FOMC meeting trading session and especially...

XBTFX

Released data for the US economy during the previous week could point to the stagflation moment in the US during the course of this year. Posted data for core Personal Consumption Expenditures Price index show that in March it increased by 2.8% on a yearly basis, from 2.6% expected by the markets. At the same time, the first estimate for the US GDP Growth Rate was...

XBTFX

As the crisis in the Middle East is slowly calming down, the price of gold is ending its uptrend, in a quest to find a new equilibrium price. On this path, the price of gold first needs to find again its negative correlation with the USD, as it did during the times without significant news from geopolitics. The price of gold started the week with a strong selling...

XBTFX

Previous week was the one where the S & P 500 performed in an excellent manner, increasing its index value by 2.7%. The three-week losing track was finally broken, and the index ended the week at level of 5.124. For one more time, tech companies were the ones that were driving the market to the upside, especially after strong earnings from Microsoft and Alphabet....

XBTFX

The inflation in the US continues to be persistent, putting into question promised three rate cuts during the course of this year. Released data on the core Personal Consumption Expenditures Price index show an increase in March of 2.8% on a yearly basis, which was slightly above market estimate of 2.6%. The PCE on a yearly basis was standing at 2.7%, again...

XBTFX

The frenzy over the Bitcoin halving is over, so the price could enter into a sort of relaxation, seeking for its new equilibrium. This is sort of normal on financial markets, considering that many positions were open in order to gain in a short bull-run. Such positions are now being closed and some sort of repositioning is taking place. Analysts are noting that...

XBTFX

Last week in the news Latest PCE data in the US are showing persistent inflation, decreasing inventor’s expectations of a potential three rate cuts during this year. US Treasury yields reacted to change in sentiment, where the 10Y benchmark reached its weekly highest level at 4.73%. Decrease of geopolitical risks in the Middle East impact short reversal in the...

XBTFX

To be or not to be – the rate cut this year? The markets switched their expectations from March and May toward September, although currently not with high certainty. Recent data show still high resilience of the US economy on tight monetary policy. Retail sales in March were increased by 0.7% on a monthly basis, which was a figure much higher from 0.3% expected by...

XBTFX

After five straight weeks the price of gold continues to move to higher grounds. Certainly, the major contributor to such a development is the newly emerged geopolitical situation in the Middle East, which is fuelling investors with unrest. As the situation is slowly calming down, the price of gold is easing its push to the upside. During the previous week,...

XBTFX

During the previous week markets witnessed that Nvidia can dip in value. The relaxation period of continued moves to the upside came to the reality check. Combination of the Middle East crisis and mostly expectations that the Fed will not cut interest rates anytime soon, pushed the US equities toward the downside. The S&P 500 slipped below the 5.000 level and was...

XBTFX

The US economy continues to show its resilience to monetary measures. Retail sales in March were increased by 0.7% on a monthly basis, which was much higher from market estimate of 0.3%. Preliminary Building Permits for March were standing at 1.458M, a bit lower from estimated 1.514M. Inflation Rate final for March for the Euro Zone was standing at 2.4%, while...

XBTFX

The long awaited BTC halving took place early Saturday, where 840.000th block was added to the blockchain. BTC`s volatility in price was widely expected, as it usually occurs during times of halving, so the same occurred this time. The price of BTC dropped down to the level of $60K, however, the whales used this opportunity to buy the dip. As news is reporting,...

XBTFX

Last week in the news Higher for longer was for one more time rhetoric which influenced market sentiment during the previous week. In expectation of less rate cuts during this year, the US equities entered into the correction mode, with the S&P 500 ending the week at level of 4.967. The US Treasuries had another relatively strong week, where 10Y benchmark...