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...
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,...
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...
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...
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,...
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...
Jobs data were the ones that moved the markets two weeks ago, while the previous week was marked with inflation data. The US inflation is quite persistent and moved higher to 3.5% in March, from 3.4% that the market was expecting. The overall market sentiment is that the Fed will stay reluctant to decrease interest rates during the course of this year, since the...
The latest developments on the gold market are clearly showing that this metal continues to be perceived by the majority of investors as a safe-haven asset. During times of relatively normal market conditions, this fact could not be clearly perceived, however, any sort of geopolitical or global tensions will first push the price of gold to the upside, or, in other...
Market never liked uncertainties, which was evident on the US equity markets for one more time. The optimism from the beginning of this year is still not fading, however, it reacts to increased inflation data in the US and also geopolitical tensions, which for one more time are emerging in the Middle East. The future period might bring some challenges to the...
The US inflation data was in the spotlight of markets during the previous week. Inflation rate in March was 3.5% on a yearly basis, which was higher from the market estimate of 3.4%. At the same time core inflation rate was standing at 3.8%, again higher from estimated 3.7%. Inflation rate on a monthly basis was 0.4% in March. At the same time the Producers Price...
Nervousness on financial markets was supported by continuous geopolitical tensions, but also by inflation in the US which will most probably not reach the 2% target any time soon. This means that the Fed most probably will not cut interest rates three times during the course of this year, as announced at the latest FOMC meeting. At least the market is currently...
Last week in the news Inflation fears are for one more time those to shape investors confidence. Posted US inflation data during the previous week, impacted negative sentiment on the market, and made US Treasury yields move to the higher grounds, while US equities were pushed to the downside. For one more week in a row geopolitical risks were pushing the price of...
Jobs data posted during the previous week surprised the markets in a negative way. It is sort of a paradox, considering that usually strong job market is good for the economy of any country. However, at the current situation, this strong jobs market sends a signal of a potential increase in inflation figures, which might impact the Fed's decision to cut interest...
For the second week in a row, the price of gold lost its negative correlation with the US dollar, reaching another ATH for this year. During Friday`s trading session the price of gold reached the level of $2.329. The reason for such development could be summarized in a word uncertainty. First, there is uncertainty over the Fed rate cuts during the course of this...
It was a slightly bumpy week for the US equity markets. Investors in US equities were not happy to see that the US jobs data added 303K new jobs in March, while the market was expecting to see 200K. The huge difference impacts markets to reconsider its potential influence on future inflation in the US, and in line to adjust their positions, expecting that Fed will...
The US non-farm payrolls in March added 303K which was absolutely above market expectations of 200K. This news heated market expectations that the rates in the US might stay much longer higher from previously expected. At the same time, retail sales in February were -0.7% on a yearly basis, again better from market forecast of -1.3%. Retail sales were down by...
Another volatile week for BTC and the crypto market ended. However, the question whether the move to the downside is finished stays open. Namely, two weeks ago, it was evident on the charts that the market exhausted the latest move to the upside, and it is struggling to sustain the achieved levels. It is also evident that demand for BTC holds on the market, but...
Last week in the news Much higher than expected Non-farm Payrolls in March in the US was a major event for the week on financial markets. Equity markets were still holding strong, despite the first major drop since the beginning of this year, while US Treasures reacted with higher yields. Gold reacted to new geopolitical tensions, which pushed the price of oil...