XBTFX

XBTFX

The US 10Y Treasury yield fell sharply during the previous week, in line with a drop on US equity markets. At the same time, the price of gold headed toward a new all time highest level, marking its sixth consecutive gaining week. Uncertainty is a word which has dominated financial markets since the establishment of the new US Administration. Spooky words like...

XBTFX

Regardless of a short pull-back during the previous week, the price of gold is clearly on its path toward the $3K level. There are several factors which impact the market uncertainty at this moment, in which sense, investors will inevitably seek the safe-haven assets to invest. There is fear of trade tariffs, which are very active on the market and its impact on...

XBTFX

Markets have been playing a bit of a ping-pong game since the start of the year. Uncertainty is never a good world for financial markets, so it was this Friday. In the same week, the S&P 500 reached a fresh, new all time highest level at 6.148 and a significant pull-back on Friday. One of the extremely spooky works since recently are tariffs, which a new US...

XBTFX

Figures for US Building Permits in January were posted at the level 0,1% higher for the month in January, while the Housing Starts dropped by -9,8% in January. Existing Home sales in January dropped by -4,9% on the monthly basis, much higher from forecasted -1,7%. Michigan Consumer Sentiment Final for February was at the level of 64,7 modestly lower from market...

XBTFX

Another week in a row, BTC continued to move in a channel which indicates sort of side trading. It seems that investors are still not ready to choose the trading side, in which sense, BTC continued to move in a range between $96K and $98K. There were short attempts to head toward the $100K but without success, and also toward the $94K at one moment, but it was...

XBTFX

Last week in the news There are currently several words which shape investors sentiment, including trade tariffs, inflation, slower economic growth. All three words are active for come time, which impact market moves during the previous week. Fears of inflation, after a release of Michigan Consumer Sentiment on Friday, pushed the US equities strongly toward the...

XBTFX

The inflation in the US picked up above market expectations in January, however, the retail sales figures defined the market sentiment. As it has been posted, the retail sales in January suddenly dropped by -0,9%, which was much higher from the market estimate. Despite the higher inflation figures, the decrease in the retail sales provides some indication that the...

XBTFX

The price of gold marked its seventh consecutive week of gains, reaching its new historically highest level at $2.940. A reach closer toward the $3K mark implied some profit-taking from investors at Friday's trading session, when the price of gold reverted back by 1%, ending the week at the level of $2.883. Regardless of this pull back, analysts are pointing that...

XBTFX

A strong performance of the S&P 500 and increased investors optimism was back during the previous week. Despite hotter than expected inflation figures for January, the market was pushing the index to the higher grounds during the week. The highest weekly level was reached on Friday at 6.122, still the ATH has not been breached on this occasion. The reason for...

XBTFX

One of the most important events during the previous week was Fed Chairs Powell testimony in front of the US Congress. Some key takeaways from this hearing was that the Fed is in no hurry to cut interest rates and that Fed's decisions will stay independent from any political interference. As for macro data posted during the previous week, January inflation data...

XBTFX

The inflation figures, Fed next moves, potential impact of US Administration on Fed's decisions, trade tariffs were all unknowns on the financial markets during the previous period, which impact that the BTC was sort of left a bit behind. From the beginning of February, BTC entered into sort of side trading, between levels of $ 98K to the upside and $95K to the...

XBTFX

Last week in the news Fed Chair Powell’s testimony in front of the US Congress, US inflation data in January and Retail Sales were the main topics which shaped the market sentiment during the previous week. The US Dollar lost some of its strength, but the price of Gold also eased by 1% at Friday's trading season, following the profit-taking. The positive...

XBTFX

The major data release during the previous week was the US jobs report. The on-farm payrolls were lower from market expectations, at the level of 143K, however, this was not a concern of the market. The major indicator which moved the US Treasury yields to the higher grounds was a drop in unemployment combined with an increase in hourly earnings of 0,5% and higher...

XBTFX

The sixth straight week of gains is behind the price of gold. Tariffs, uncertainty, geopolitics all bring uncertainty to investors, pushing the price of gold to higher grounds. The current uncertainty regarding trade tariffs which are or will be imposed on the US trading counterparts, especially China, is one big concern for market participants. As per currently...

XBTFX

There has been sort of a mixed mood on financial markets during the previous week. The week started with a positive sentiment, although it was around the level of 5.931 at one short point. The S&P 500 was moving toward the higher grounds for the rest of the week, reaching the highest weekly level on Thursday, at 6.083. Still, after the NFP data were posted, the...

XBTFX

The major data posted during the previous week for the US market was related to jobs data, released on Friday. The non-farm payrolls in January reached the level of 143K, while the market consensus was standing at 170K. At the same time, the unemployment rate dropped by 0,1 percentage point to the level of 4%, from previous 4,1%. Average hourly earnings were...

XBTFX

Another week of a higher volatility on the crypto market passed. As the BTC became a part of the mainstream markets, its price continued to react to all concerns that investors on traditional markets have. Currently, the major focus on investors is on the imposed trade tariffs of the US Administration, but also inflation fears. The posted non-farm payrolls and...

XBTFX

Last week in the news The US jobs data posted on Friday increased investors' concerns over a potential increased inflation in the US in the coming period. The US equity markets reacted with a negative sentiment, pushing the S&P 500 0,95% to the lower grounds, where the index ended the week at the level of 6.025. The US Treasury yields also reacted to the...