XBTFX

XBTFX

During the previous week there has not been significant news published for the current state of the US economy, so the Treasury yields remained relatively stable, moving within a short range. The US Labor department revised its data for the inflation in December from 0.3% down to 0.2%, but the US Treasuries did not react much to this news. One of the reasons might...

XBTFX

During the previous week there has not been much important fundamental data for the US posted, in which sense, both the USD and Gold had a relatively steady week. The US inflation data for December were released, and the results were better than expected for 0.1%, which moved the USD to a modestly higher ground, while the price of gold reverted a bit to the...

XBTFX

The fifth straight winning week passed with S&P 500 reaching levels above the 5.000 for the first time in the history of this index. Analysts are noting that the reason for such a move is the latest published revised inflation data in the US, which reached 0.2%, from 0.3% previously posted for the same period. Still, there are others analysts, who are noting that...

XBTFX

It was a relatively calm week, when fundamental data are in question, for both currencies. The US ISM Services PMI for January reached 53.4, a bit better from forecasted 52. The inflation rate on a monthly basis final data for December was standing at 0.2%. Retail sales are slowing down within the Euro Area. The latest published data show a drop of -0.8% on a...

XBTFX

During the previous week there has been a final break of the $43K level, where the coin spent several last week’s, testing it. A large portion of new funds came through demand from exchange traded funds. As analysts are reporting, these accounted for more than $400 million. Also, as fundamental data for the US economy are showing promising results of a potential...

XBTFX

Last week in the news The S&P 500 continued with gains for the fifth straight week in a row, surpassing the 5.000 level. Investors continue to be optimistic regarding the performance of the US economy and expectations on the forthcoming rate cuts. This week, Bitcoin was also in a positive territory, increasing its value by 10%, and reaching shortly the $ 48K...

XBTFX

US FED officials decided to leave the rates unchanged at the FOMC meeting during the previous week, however, the much better than expected jobs data influenced major Treasury yields move during the previous week. Although the market was expecting to see the figure of 180K, the released figure was almost doubled to 353K. In the eyes of market participants, this...

XBTFX

It was another relatively steady week for the price of gold, which was moving in a short range. The markets were focused on the FOMC meeting and Fed's rate decision, and inputs on the course of the US economy as perceived by Fed members. The major impact came from the much better than expected US jobs data, which made an impact on USD, price of gold and US...

XBTFX

Quarterly results of US tech companies pushed the equity indices to the higher grounds on Friday`s trading session. Meta earnings beat market expectations, based on which shares of this company soared by 21%. Another news that impacted strong demand for this stock is its announcement that it will pay a quarterly dividend. This would be the first time in history of...

XBTFX

It was a Fed`s week, where its officials decided to leave rates unchanged for one more time. Markets were expecting such a move, however, the most important question related to timing of Fed`s cutting interest rates was left a bit in the dark. Namely, Fed Chair Powell admitted that the jobs market and the economic output remained strong, despite the rate hikes...

XBTFX

The crypto market has been under the shadow of the FOMC meeting and Fed's decision over interest rates during the previous week. The approval of the first BTC ETF resulted in a high funds transfers between funds, and a relatively smaller portion of new funds inflows into the crypto market. Although BTC will have its moments in the future period, still, for the...

XBTFX

Last week in the news Fed kept interest rates unchanged during the previous week, with Powell`s note that they have “probably '' peaked, showing Fed`s final alignment with the market. Their decision had a modest impact on financial markets during the previous week, considering that it has been widely expected. The US equity indices continued to move around...

XBTFX

Released US economic data during the previous week were driving the sentiment for the US Treasuries. Released data of Q4 GDP growth rate of 3.3% was better than anticipated by the market`s 2.0%. Also released PCE data show further easing of inflation pressures, where core PCE reached 2.9%, lower from expected 3.0% by the market. This supported market sentiment on...

XBTFX

The price of gold was relatively steady during the previous week, as it reflected a relatively lower USD volatility during the previous week. Luckily, there has also not been any new stress situations on the geopolitical scene, so gold could take its path of the negative correlation toward the USD. In this sense, it should be considered that expectations on a rate...

XBTFX

For the second week in a row the S&P 500 index was reaching a new highest level ever. During the previous week it was at 4.908. The new levels were supported by released better than expected figures for the GDP growth for the Q4 of 2023. The US economy rose by 3.3%, while the market was expecting to see figure of 2.0%. Still, the index slowed down a bit, after...

XBTFX

The ECB held its monetary meeting during the previous week and decided not to change its reference interest rate from the current 4.5%. At the same time members of the ECB team were optimistic regarding the state of economy, which heated market expectations on potential ECB rate cut in April this year. Still, ECB President Lagarde did not comment on such a move. ...

XBTFX

After the approval of the first BTC ETF, the price of BTC went through higher volatility for the second week in a row, in a quest for the price equilibrium. On one side there is a huge amount of speculative money which entered into BTC market in a quest for a short term profits, while on the other side are existing investors who previously had exposure toward the...

XBTFX

Last week in the news A new week and a new ATH for the S&P 500 during the first trading month in a year. Positive market optimism continues to be supported with expectations on forthcoming Fed rate cuts. On the other hand, the ECB meeting held during the previous week revealed potential for April`s rate cuts in the Euro Area. At the same time, USD, US Treasuries...