XBTFX

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

The 10Y US Treasuries finished the first quarter testing 4.2% level. The favorite Fed's inflation gauge, PCE indicator was published on Friday, indicating that the inflation is moving within market expectations. This additionally supported market optimism that the Fed will cut interest rates in June this year, which is currently estimated with 60% chance. Speaking...

XBTFX

Markets continue to hold on Fed Chair Powell`s rhetoric over the potential three rate cuts during the course of this year. In expectation, markets are making re-positioning for the first rate cut. Gold for one more time lost the negative correlation with USD during the previous week, when it reached a new all time highest level at $2.232 on Friday`s trading...

XBTFX

The first quarter of this year the S&P 500 ended with a fresh new highest level. On Good Friday, the index finished at level 5.258, reflecting the market's ongoing optimism when US equities are in question. For the month, the index was higher by 3.1%. Nvidia was for one more time the star of the market, as AI frenzy continues to spot market attention. The stock...

XBTFX

A Fed's favorite inflation gauge, the PCE Price index was standing at 2.5% in February, exactly in line with market expectations. Core PCE was up by 0.3% for the month, and 2.8% on a yearly basis. Final GDP growth rate for Q4 is 3.4% a bit higher from forecasted 3.2%, but lower from previous estimate of 4.9%. Durable Goods Orders in February were up by 1.1% on a...

XBTFX

It was another relatively volatile, but still, positive week for the crypto market and Bitcoin. BTC for one more time tested the $70K resistance level, reaching the highest weekly price at $71.3K. Although the market is generally oriented toward the question of when the Fed will start cutting interest rates, the crypto community is more concerned regarding the BTC...

XBTFX

Last week in the news Positive market sentiment continued ahead of the holiday season on western markets. The S&P 500 was closed at level of 5.254, which was the new highest level reached in the history of the index. Although USD gained in value, the price of Gold also headed to the higher grounds, ending the week at 2.233, a new ATH. The US Treasuries remained...