The FOMC November meeting minutes were the ones that supported market expectations that the Fed is finished with further rate increases. The rates might stay higher for longer, but the market is currently anticipating that the first rate cut in this cycle might occur in May next year. Treasury yields reacted on the release of the Minutes, where yields were...
The FOMC November meeting minutes revealed that the Fed is currently not planning to cut interest rates, however, further increase will depend on the inflation figures, which might be persistent, as per FOMC member concerns. At the same time, the market is currently pricing a 0% chance of rate increase in December, while a potential first rate cut might occur in...
The S&P 500 finished the previous week 0.06% higher, at the level of 4.559. This modest increase was supported by the expectation on the retail sales during the so-called Black Friday. This year, expectations on the retail sales were not so optimistic considering the general trend of decreased sales of consumer goods due to inflation. At the same time, the US...
November FOMC meeting minutes were released during the previous week, where it has been revealed that the Fed has no appetite for rate cuts at this moment. This comes as a result of concerns that inflation might be persistent in the coming period, and as long as they don’t see that the inflation figures are clearly indicating a path toward the targeted 2%, rate...
Previous week was marked with striking news that Binance exchanger settled with $4.3 billion in penalties, after its CEO Changpeng Zhao was found guilty of failing to maintain an effective anti-money laundering program in his company. Although BNB reacted in a negative way, still the crypto market remained in a positive mood. This comes as a result of a market...
Last week in the news Due to Thanksgiving holiday in the US, the markets were relatively calm but in a positive mood during the previous week. Bets on Fed`s pausing were supporting the price of Gold and, at the same time, weakening of the US Dollar. Regardless of the negative news for Binance, the crypto market was traded mostly in green where Bitcoin managed for...
There has been a lot of anxiety on the market whether the Fed will hike interest rates for one more time till the end of this year, as Fed Chair Powell mentioned a few months ago. However after the inflation data were officially released during the previous week, the market is currently almost quite sure that the Fed will not further increase its interest rates....
The price of Gold is clearly heading toward its balance of negative correlation with USD. After the market priced the Middle-East crisis, the price of Gold is now back toward the path of US fundamentals. Last week, inflation data increased the probability that the Fed will not increase reference interest rates for one more time during the course of this year,...
Last week was all about inflation data and market perception over the next Fed`s move. October inflation data were awaited with anticipation as one of the final puzzle pieces in answering the question whether the Fed will increase interest rates for one more time till the end of this year. Now the odds for such a move are quite low, while the market begins to...
Previous week in the US was all about inflation data. Markets are closely watching its development in a quest to predict the next Fed`s move. Although official figures are showing that inflation is evidently slowing down, still markets and the Fed have a different view on a potential next move when interest rates are in question. As markets are now betting that...
For the last four weeks the ETF frenzy was pushing prices of the crypto coins to the upside, moving in a highly overbought market. The reversal point was strongly indicated, however, it was a question of its exact timing. Markets are becoming a bit exhausted on the stories about first approved BTC ETF, considering that it still continues to miss realization and...
Last week in the news Inflation data was driving the markets during the previous week. US equities finished the week slightly higher from the week before, while Treasury yields continue to slow down. While the US Dollar weakened slightly, the price of Gold reverted once again toward the $2K as markets are betting on further Fed`s pause on monetary tightening....
Fed Chair Powell's speech in front of the IMF audience in Washington had some impact on the Treasury yields, but it seems that the market is still not ready to take another rate hike for granted. Namely, Powell`s hawkish tone on a possibility of another rate hike if the inflation “reaccelerate'' had an short impact on 2Y Treasuries which moved back to 5%, but the...
As the Middle East crisis relaxed a bit during the previous week, Gold started to turn to its “old” place, trying to catch its negative correlation with USD. The hawkish comments from Fed Chair Powell regarding potential for another rate hike if the inflation “reaccelerates” in the coming period, turned Gold to the downside. There has been a significant push to...
It was a relatively mixed trading week for the US stocks. Still, they have managed to finish the week in a positive sentiment. The S&P 500 finished the week at 4.415, a 1.5% higher from Thursday's close at 4.345. This move was supported by almost all sectors, but mostly by tech, which gained 2.6%. Although equities did not like Fed Chair Powell's speech, where he...
It was one of the calmer weeks on the FX market when it comes to USD movements, as there has not been too much important data which were scheduled for a release. Fed Chair Powell held a speech for the IMF audience in Washington, without too much new information, from the ones already heard after the FOMC meeting. However, he revealed that the market and Fed are...
The ETF frenzy continues to shape investors sentiment on the crypto market. Although the BTC ETF furry started to modestly calm down during the previous week, it has swiftly re-emerged after the unconfirmed news that BlackRock is planning to file for the first ETH ETF. The crypto market gained significantly on this news during the previous week, gaining around 10%...
Last week in the news Fed Chair Powell's speech one more time impacted the market sentiment, where EU equities finished the week lower, while positive sentiment still holds the US equities. Gold and commodities eased during the previous week, as well as 10Y US Treasuries. The crypto markets continue to be under impact of the ETF frenzy, which might continue to...