XBTFX

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

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...

XBTFX

It was final time for the Fed to align with the market. At the latest FOMC meeting, this was the case, considering that rhetoric about potential rate increases was not at all in the spotlight of Powell's speech, but clearly slowdown of inflation and that FOMC members are perceiving Fed`s rates at 4.6% as of the end of 2024. This was a clear signal for markets that...

XBTFX

The Fed took a dovish stance at the latest FOMC meeting held during the previous week. Although a potential increase in interest rates was mentioned, in case that inflation picks up again, still the majority of FOMC members are perceiving interest rates at level of 4.6% in 2024. This was sort of confirmation for the market that the Fed is slowly moving toward...

XBTFX

The FED rhetoric changed a bit after the latest FOMC meeting, aligning it with the market anticipation. Namely, the FOMC members continue to perceive Fed interest rates at 4.6% at the end of the next year, which would mean several rate cuts during the course of the year. The market perceives the first one to occur in March 2024. The market was highly supported...

XBTFX

The most important event during the previous week was the FOMC meeting, where its members left the rates unchanged. After the meeting statement, Powell`s rhetoric was more in alignment with the market anticipations, then it was during previous meetings. Although the possibility of further rate increases has not been fully excluded, still, the majority of FOMC...

XBTFX

Although investor’s sentiment since the start of December was strongly optimistic, the time of short term relaxation came during the previous week. The investors' optimism was a bit spoiled by the news that SEC responded to the Coinbase petition from the year 2022 asking for a new regulation which would specifically cover crypto assets. SEC`s answer was clearly...

XBTFX

Last week in the news Both the FED and the ECB left the rates unchanged during the previous week. The US Treasury yields slipped further in expectation of rate cuts, while US equities finished another week in green. The USD lost some in value, while Gold gained on a weaker dollar. The crypto market eased during the previous week, where Bitcoin slipped toward $...

XBTFX

The yields on the US Treasuries continued to slow down during the course of the previous week. However, a strong US jobs data posted on Friday, made an impact on 10Y yields to revert a bit toward the higher grounds. Although the US equities were supported by the same news, investors in the Treasury bonds still hold a dose of reserve when it comes to the future...

XBTFX

Strong US jobs data and relatively good economic conditions despite strong monetary tightening made an impact on the price of Gold to stabilize around the level of $2K. The correlation with the USD has been returned during the previous week, however, the price of Gold remained at relatively higher grounds. Gold started the previous week around level of $2.070...

XBTFX

Relatively solid economic data posted during the previous week supported further US equities. The job market in the US seems more resilient to tighter monetary conditions than expected and especially, projected by the FOMC members. The S&P 500 sustained its highest peak since May 2022 and finished the trading week at level of 4.604. The index continues to move...

XBTFX

The evident resilience of the US economy pushed the value of USD to higher grounds. In the spotlight of the market were jobs figures, where non-farm payrolls in November reached a level of 199K of new jobs, a bit above market estimate of 180K. At the same time, the unemployment rate in November was a huge surprise for analysts, as it dropped to the level of 3.7%...

XBTFX

As the New Year’s holidays are approaching, the investor’s sentiment has been in the cheer mood since the start of December. For the second week in a row markets are strongly moving to the upside. The latest US jobs data for November increased investors’ confidence over the resilience of the US economy. When it comes to the crypto market, it was additionally...

XBTFX

Last week in the news The strong resilience of the US economy continues to support market optimism, after the latest posted US jobs data for November. The USD gained during the week as well as both US and EU equities. While Gold is trying to get back into correlation with USD, US Treasury yields continued with a decline. The crypto market continues to be...