XBTFX

XBTFX

From week to week investors are shaping the sentiment in line with the latest available data on the US inflation and probability of when the Fed might make its first rate cut during the course of this year. Expectations from the first quarter of this year are turned toward September, where the CME FedWatch Tool is now showing that traders are currently pricing...

XBTFX

Mostly a strong demand for gold from China`s investors pushed the price of gold 13% higher during the course of this year, but as the market has stabilised, the investors are turned to the estimate of potential Fed's rate cuts during the course of this year. Previous week was the worst one for the price of gold for the last five months. There has been a sharp move...

XBTFX

During the week the S&P 500 experienced a mix of gains and losses, reflecting a generally volatile period. The index opened the week at 5.305 and closed it at 5.304. Highest weekly level reached was 5.335 in Thursday's trading session. Although the index gained only 0.03% for the week, still, Friday's trading session brought 0.7% in daily earnings, supported...

XBTFX

Durable Goods Orders in April were 0.7% higher from the month before, and significantly higher from market forecast of -0.8%. Durable goods orders excluding transportation were standing at 0.4% for the month in April. Michigan Consumer Sentiment final for May was 69.1, higher from market estimate of 67.5, but still lower from the previous month`s 77.2. Michigan 5...

XBTFX

The story about the ETH ETF approval marked the previous week, and left BTC aside from investors' view during the second half of the week. However, both volatility and liquidations were significant. First, BTC was strongly shifted toward the level of $71.410 from $66.225, and then the price started its decline toward the level of $66.8K. As per news, there has...

XBTFX

Last week in the news The most important weekly news comes from the crypto market, as the SEC approved ETH exchange traded funds. The price of both ETH and BTC experienced high volatility during the week, with BTC ending the week above the $69K. The pricing of the first Fed rate cut modestly impacted the 10Y Treasury yields, however the price of gold reacted...

XBTFX

Investors are still weightening the latest inflation data posted during the previous week. Posted inflation figures were in line with the market estimate. Inflation rate reached 3.4% on a yearly basis, while core inflation eased to 3.6% in April. By putting it into a perspective of jobs data and consumer sentiment, inventors are perceiving that the first rate cut...

XBTFX

The price of gold made a significant move during the previous week toward the ATH, however, this level has not been reached. Instead, the highest weekly level was $2.420, while ATH stands at $2.430, reached in April this year. There are generally two reasons why this move occurred. On the one side were posted US inflation data, which were in line with market...

XBTFX

The S&P 500 managed to reach a fresh all time high at 5.322 during the previous week, supported by the market optimism. This was a gain of 1.5% on a weekly level. There are currently several reasons for such a move. Certainly, economic data is currently one of the most watched by the market. Posted inflation data in the US for April, showed that the inflation was...

XBTFX

The US Producers Price Index in April was at level of 0.5% on a monthly basis, a bit above 0.3% forecasted by the market. Core inflation in the US eased to 3.6% in April on a yearly basis, which was fully in line with market expectations. At the same time, it was lower from the previous post at 3.8%. Inflation rate on a yearly basis was standing at 3.4% in March....

XBTFX

The minute that traders started to call the BTC market as “boring”, BTC decided to show them some action. Price moves as seen during the previous week the market participants were waiting for some time in the past. The price of BTC finally moved from the $60K support and it was pushed toward the highest close at $67.500 in midweek. However, it encountered...

XBTFX

Last week in the news A new week with new all time highs for S&P 500. Posted inflation figures in the US supported market optimism on Fed's rate cut in September, where the index was pushed to the higher grounds. S&P 500 reached the level of 5.325 on Thursday, still, ending the week at 5.303. The price of Gold was also supported by the expectations on the Fed's...

XBTFX

Moves in Treasury yields during the previous week are showing that the market has already priced all known information, and waiting for new ones in order to decide on a further action to the up or downside. The 10Y Treasury benchmark was moving between levels of 4.51% down to 4.42% on one occasion. The majority of deals were around the 4.5% level. It should be...

XBTFX

Although there had not been a release of any currently significant macro data during the previous week, still, the market had a strong reaction to released data on the weekly claims for state unemployment benefits. These figures were much higher than expected, which supported market optimism that the Fed might cut interest rates sooner from September, as currently...

XBTFX

Equity markets continue to be wrapped into the story of potential rate cuts in the US. The optimism which pushed the S&P 500 toward the level of 5.222 for one more time, was halted on Friday by the much worse than expected Michigan Consumer Sentiment index preliminary for May. Based on these readings, economists are noting a switch in the consumer sentiment in...

XBTFX

It was a relatively calm week with respect to economic news in the US. Initial jobless claims in the US in May reached 231K, a bit higher from forecasted 210K. Michigan Consumer Sentiment preliminary for May reached the level of 67.4, far below 76 expected by the markets. The EU economy is modestly picking up, after a period of stagnation. The retail sales in...

XBTFX

BTC is in the "boring" phase, as called by some BTC traders. Current developments on the BTC market could be perceived like that, if we take into account the lack of adrenaline which was shaping traders sentiment before first BTC ETF approval and later, BTC halving. But, for others this is a relatively calm period for trading where steady profits could be made....

XBTFX

Last week in the news Previous week did not bring some currently significant economic news, however, the market volatility continued. Positive sentiment continues to hold for the US equity market, with S&P 500 heading toward the levels from April this year. The USD continues to modestly weaken, however, the price of gold picked up during the week, closing at...