Last week in the news
The previous week started with a negative market sentiment after leaked information regarding Nvidia's subpoena received from the U.S. Department of Justice, while the same sentiment continued till the end of the week, after releasing weaker than expected jobs data. Such sentiment increased US Dollar volatility, while the price of gold...
Last week in the news
The PCE data were the ones to shape investors confidence during the previous week. Data on inflation, personal income and personal spending showed some potential for both rate cuts, and also continuation of high corporate earnings. The US equity markets benefited the most from such market expectations, with S&P 500 surging by 1%, ending the...
Last week in the news
“The time has come for policy to adjust” were the words of Fed Chair Powell which marked the previous week impacting strongly market sentiment. Almost all markets reacted positively to a potential Feds pivoting point, with S&P 500 gaining 1,45% for the week and nearing its all time highest level from July this year. The US Dollar continued...
Last week in the news
The lower than expected US inflation figures were the main driver of financial markets during the previous week. The US equities gained the most, with S&P 500 ending the week at the level of 5.554, and only 2% lower from it's all time highest level in July this year. The price of gold gained on a USD weakens, reaching a fresh new all time...
Last week in the news
Previous week markets used to digest US economic data, and realized that there is still no need for fear of recession. Markets were traded with a positive sentiment covering some losses which were brought two weeks ago and on Monday, after posted US jobs data which were weaker than expected. The US Dollar continued to weaken, supporting the...
Last week in the news
Previous week was marked with a lot of news, unfortunately with a negative sentiment for investors in financial markets. The FOMC meeting brought “nearing” a rate cut, which was generally positive, however, surprisingly weak jobs data made investors to re-think their positions, fearing a potential recession in the US. The Bank of Japan also...
Last week in the news
The released June PCE Index was the major driver of the sentiment on financial markets during the previous week. The US Dollar strengthened during the week, however, PCE data pushed the currency into correction. Following the correlation with the USD, the price of gold ended the week a bit higher from previous weekly levels, at $2.385. The...
Last week in the news
There are two major events which impact the markets during the previous week. The first one was assassination attempt on the US presidential candidate Donald Trump, which occurred on Sunday, and the second one was the largest IT outrage that occurred during an update of the Microsoft systems. The ECB left interest rates unchanged, but it was...
Last week in the news
The US CPI data for June were the major market mover during the previous week. A better than expected CPI data pushed the value of USD to the lower grounds, supporting the price of gold to test again levels modestly above $2.4K. US Treasury yields also adjusted to these results, where 10Y Treasuries dropped to the level of 4.18%. At the same...
Last week in the news
The non-farm payrolls and unemployment data shaped investors sentiment on financial markets during the previous week. Friday was the day of significant volatility, which brought US Treasury yields down to the level of 4.28%. Weakening of the US Dollar pushed the price of gold to higher grounds, ending the week at level of $2.391. The US...
Last week in the news
Inflation data were in focus of markets during the previous week. The US PCE data published on Friday, impacted some repositioning among asset classes. The US equities reacted to the inflation data by ending Friday`s trading session in red. The S&P 500 ended the week at the level of 5.460. The US Dollar modestly weakened during the week,...
Last week in the news
Markets used the week after the FOMC meeting for some repositioning and profit-takings in expectation of new data which will provide a clue when the Fed will start its pivoting cycle. The S&P 500 finished the week lower, after reaching a new all time highest level, where Nvidia for one more time was in the center of market interest. The US...
Dell Technologies has experienced a remarkable rise of approximately 440% within a span of about one and a half years. However, this impressive ascent has been marked by a bearish divergence at the current top. The RSI has been forming lower tops while the price chart has been forming higher tops, indicating weakening momentum.
Current Situation:
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Last week in the news
Macro fundamentals were the ones that significantly moved markets during the previous week. The US jobs data were the ones that strongly pushed market expectations that the Fed might cut interest rates during the course of this year. The US Dollar gained during the week, while the price of gold sharply dropped to the level of $2.293. US...
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...
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...
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...
Last week in the news
Previous week did not bring some currently significant economic news, however, the market volatility continued. Positive sentiment continues to hold for the US equity market, with S&P 500 heading toward the levels from April this year. The USD continues to modestly weaken, however, the price of gold picked up during the week, closing at...
