Although the US equity market was strongly supported during the previous week, where one of the reasons was expectation on forthcoming rate cuts, still, the US 10Y Treasuries reacted in a bit different manner. Yields were testing the level of 4.2%, after successfully breaking the 4.0% level. As per CME's FedWatch tool, traders on the futures market have decreased...
As geopolitical tensions are calming down, gold is returning to catch up with its negative correlation with the USD. As the USD gained in value during the previous week, the price of the gold was down by 1% on a weekly level. Although gold started the previous week around the level of $2.058, still, it has reached the lowest weekly level at $2K, in order to...
The new year started quite positive for the US equities, with S&P 500 reaching its all-time highest level at Friday`s trading session. The index reached the level of 4.840, supported by the solid US fundamentals in terms of lowering inflation, solid jobs market and expectations on forthcoming rate cuts. Also, it should be mentioned that the Michigan Consumer...
The US economy continues to be resilient to the macro measures imposed by the Fed during the previous years. Published data on Retail Sales for December show an increase of 0.6% on a monthly basis, which was higher from forecasted 0.4%. Released data on building permits preliminary for December were 1.495M, a bit higher from forecasted 1.48M. This represents a...
During the last two weeks BTC is going through a reality check. The price which reached levels below the FWB:49K before the approval of the first BTC ETF was mainly supported by the speculative money, in a quest for a high profits during the short period of time. This was certainly not good for the BTC, as it triggered a significant volatility after the approval...
Last week in the news The market optimism continues to hold on financial markets for the second trading week in a year. The S&P 500 reached new all-time highs, surpassing the highs from the year 2022, reaching level of 4.840 on Friday. As USD gained a bit in strength, the US Treasury yields followed the path, while Gold remained relatively stable during the...
The US Treasuries ended the previous year with investors expectations on the forthcoming rate cuts, which was reflected in the Treasury yields which took the downtrend. This year, the 10Y US Treasury benchmark started by testing the $4.0% short resistance level, which ended in a short reversal further to the downside. During the previous week yields were moving...
The New Year started in a manner of new geopolitical tensions. This has supported the price of gold to head toward the $2.050 for one more time within a recent period. The highest weekly level reached was $2.062, with prevailing buying orders on Friday`s trading session. At the same time, since the end of the last year, the market is pricing forthcoming rate cuts...
At the start of the New Year and new trading sessions, the US inflation data were published. Figures show that inflation in December reached 3.4% on a yearly basis, a bit higher from forecasted 3.2%. Core inflation remained a bit elevated at level of 3.9% and higher from expected 3.8% for the end of 2023. At the same time, the Producers Price Index was down by...
A new year started with a release of results for the banking sector in the US. The data shows that the bank earnings were hit by the environment of increased interest rates as well as several banking crises which occurred during 2023. One of the largest banks in the US, JPMorgan Chase lost 0.7% in value of its stocks by posting a result which was down by even 15%...
A long awaited first spot BTC ETF was finally approved by the SEC. Majority of analysts were expecting that the price of BTC would skyrocket after the final approval, but it was not what happened during the previous week. Namely, the price of BTC moved away from the $45K resistance line. This situation occurred considering that the latest push in BTC`s price...
Last week in the news At the start of this year Bitcoin reached another important milestone in its further acceptance into the mainstream. During the previous week the US Securities and Exchange Commission approved the first spot BTC Exchange Traded Fund. Through this milestone, BTC managed to secure its future on the mainstream markets. How it will secure the...
The first half of the year 2023 was marked with continuation of Fed`s aggressive rate hike due to quantitative tightening in order to fight elevated inflation. During October last year the 10Y US Treasuries reached the highest yearly level of 5%. Considering that following months brought some relaxation in Fed`s rhetoric, the yields returned to the lower grounds....
Geopolitics during the year 2023 was the one that made the most significant impact on the price of gold. During the first half of the year gold was testing the $2K psychological level, but without too much success for the final breakthrough. However, a new Middle East conflict which arose in 2023, global recessionary fears, and a few banking crises which occurred...
After a bumpy 2022, the previous year brought back significant investors' optimism toward the US equity markets. Tech companies were among the main leaders of the market. Here NVDIA should be especially mentioned as it showed that investors are ready to strongly support businesses around AI technology. This one stock gained 239% in 2023 which was an astonishing...
The year 2023 was another challenging year from the perspective of monetary policies of both countries. Rate increases were on a table during the first half of the year, while the year end brought some significant changes in rhetoric of monetary officials as well as monetary moves. The phrase “higher for longer” became the new wording of monetary officials of both...
Although the first half of the year was quite challenging for the price of the BTC, still, the potential for further institutional adoption of BTC made it one of the most potential earning assets in 2023. For one more year, BTC outperformed all other traditional assets on the market. The coin started the previous year at level around $16.7K, while it has ended it...
Last week in the news Markets are slowly heating up after a Holiday break and summary of last year's results. For the majority the year 2023 was a positive one, although with a glimpse of turbulence. Gold managed to finally break the $2K psychological line, ending the year above $2.050 level. The S&P 500 also managed to reach new highs at the end of the year, in...