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...
Cooling inflation data in the US were the ones which were supporting optimism with market participants, indicating a good time to start purchasing the US bonds. The PCE data were published on Friday, revealing that the index was increased by 0.1% in November. The PCE is one of the favorite Fed's inflation gauges, which indicated to markets that the Fed might start...
The latest data published for the inflation in the US is showing that evidently the US inflation is slowing down, which is increasing the probability of Fed`s pivoting during the course of the year ahead. As reference interest rates are preparing to drop, the USD is weakening, while the price of Gold followed its negative correlation. During the previous week gold...
Year-end and forthcoming Holiday session in combination with expectations for cooler inflation and potential Fed`s pivoting during the Q1 next year, all contributed toward the optimistic market sentiment when US equities are in question. The latest published PCE data on Friday indicated that inflation will continue to cool down, which supported the S&P 500 to...
Fed`s pivoting is still a major topic among market participants. During the previous period, the majority of them were betting on the first rate cut during Q1 of the next year, while the latest data posted for inflation in the US are only further supporting their anticipation. The latest posted Personal Consumer Expenditure Prices final data for Q3 show a bit drop...
It was another good week for BTC. As Holidays are coming to the Western markets, as well as the end of the year, investors were seeking for another push to the upside in order to finish the year in high profits. During this year, the crypto market added 116% to its value, making it for another year the only asset with such high returns. For one more year BTC...
Last week in the news During the previous week the Western markets were preparing for the forthcoming Holiday session before the year-end. The positive market sentiment continued to prevail on the markets, as traders were preparing to book profits this year. The US equity markets were closed higher from the week before, with S&P 500 closing the week at yearly...