It seems that the market would have to wait longer than initially anticipated for the first rate cut. The FOMC meeting minutes revealed during the previous week showed that Fed officials are optimistic regarding the outcome of already taken monetary measures, however, they would like to be certain that the inflation is clearly on the road toward the targeted 2%,...
The Minutes from the latest FOMC meeting has been published during the previous week, not exposing much of the data which the market has not already priced. The only issue was related to the statements of several Fed officials that the vote for a first rate cut might be postponed until they see clearly that the inflation is going toward the 2% target. This...
During the previous week the S&P 500 reached its new all time highest values by hitting 5.100. Tech companies were again the ones which were driving equity markets to the higher grounds. NVDA was the most discussed stock during the previous week, as its results show continuously strong performance. As per latest published results for Q4, Nvidia`s revenues were...
During the previous week the FOMC meeting minutes were released from the Fed's latest meeting, revealing both positive and negative topics for market participants. On a positive side was the opinion of FOMC members that monetary measures taken during the previous period are giving the results in the real economy and slowing down the inflation. On a negative side...
BTC was traded relatively flat during the previous week. The market attention is currently switched toward the ETH. The story related to the first BTC ETF is finalized positively, however, a new one is emerging which is related to first ETF ETH, which is currently scheduled to get the first answer from the SEC in May this year. As investors are starting slowly to...
Last week in the news The earnings of the US tech companies were driving the S&P 500 index to new highs, reaching a level of 5.100 during the week. The question about timing of the first Fed's rate cut is still the main occupation of the investors, which is the reason why Treasury benchmark yield of 10Y reached levels above 4.3%. The price of gold and USD...
During the previous period investors had been pretty confident that the Fed might cut interest rates in May, however, the latest published inflation data for January made them rethink expectations. Namely, as January inflation came higher than expected, the reaction of the Treasury yields was imminent one to the upside. This move was additionally supported by the...
The US inflation figures were the main topic on the markets during the previous week. As USD was strengthening a bit after the surprising data on January inflation, so the gold was following its negative correlation with USD, and tried to break the $2K support line. January inflation figures showed the possibility that the inflation might be a bit harder to put...
Since the beginning of this year, US equity markets have been supported by both good economic performance and expectations that the Fed might soon start cutting interest rates. The S&P 500 index was continuously moving within highly overbought momentum. Previous week brought some reality checks, with January inflation figures. It seems that inflation remains...
Inflation figures for the US for January showed a modest increase from anticipated. Inflation rate in January was standing at 3.1% on a yearly basis, a bit higher from 2.9% expected by the market. Core inflation reached 3.9%, above forecasted 3.7%. Core inflation on a monthly basis was 0.4%. Retail sales for January surprised the markets with a drop of -0.8% on a...
Two weeks ago Bitcoin entered into the overbought territory in technical analysis, however, a strong demand during the week pushed the prices of BTC to the higher grounds, instead into a correction path. Bitcoin gained around 10% on a weekly level, supported by both availability of exposure through exchange traded funds, but also relatively negative inflation data...
Last week in the news The US inflation might be more persistent than initially expected by the market, at least per latest US inflation data, however, data on retail sales brings some confidence back. The US Treasuries reacted on the latest data, bringing 10Y yields back to the levels above the 4.2%. S&P 500 ended its first corrective week since the beginning of...
During the previous week there has not been significant news published for the current state of the US economy, so the Treasury yields remained relatively stable, moving within a short range. The US Labor department revised its data for the inflation in December from 0.3% down to 0.2%, but the US Treasuries did not react much to this news. One of the reasons might...
During the previous week there has not been much important fundamental data for the US posted, in which sense, both the USD and Gold had a relatively steady week. The US inflation data for December were released, and the results were better than expected for 0.1%, which moved the USD to a modestly higher ground, while the price of gold reverted a bit to the...
The fifth straight winning week passed with S&P 500 reaching levels above the 5.000 for the first time in the history of this index. Analysts are noting that the reason for such a move is the latest published revised inflation data in the US, which reached 0.2%, from 0.3% previously posted for the same period. Still, there are others analysts, who are noting that...
It was a relatively calm week, when fundamental data are in question, for both currencies. The US ISM Services PMI for January reached 53.4, a bit better from forecasted 52. The inflation rate on a monthly basis final data for December was standing at 0.2%. Retail sales are slowing down within the Euro Area. The latest published data show a drop of -0.8% on a...
During the previous week there has been a final break of the $43K level, where the coin spent several last week’s, testing it. A large portion of new funds came through demand from exchange traded funds. As analysts are reporting, these accounted for more than $400 million. Also, as fundamental data for the US economy are showing promising results of a potential...
Last week in the news The S&P 500 continued with gains for the fifth straight week in a row, surpassing the 5.000 level. Investors continue to be optimistic regarding the performance of the US economy and expectations on the forthcoming rate cuts. This week, Bitcoin was also in a positive territory, increasing its value by 10%, and reaching shortly the $ 48K...