XBTFX

XBTFX

Fed Chair Powell is speaking, but the market is not listening. Powell was speaking on Friday at Spelman College in Atlanta, noting once again that the current policy might not be restrictive enough, meaning that further rate hikes are possible in case that inflation remains persistent. However, a strong economic output of 5.2% for Q3 and inflation figures which...

XBTFX

For one more week the markets entered into a hype mood in strong expectations that the Fed will cut rates in May next year. Strong GDP figures of 5.2% annualized for Q3 only added a fuel to the market hype. The price of Gold reached levels above $2K, ending the week at level of $2.070. At the same time USD gained in strength during the week on the same hype. For...

XBTFX

After Fed Chair Powell's speech at Spelman College in Atlanta on Friday, the markets became almost certain that the Fed will cut rates in May next year. It is currently unclear which his comment supported such expectations, considering that Powell for one more time noticed that rate cuts are not in the store and that there is a potential for another rate hike in...

XBTFX

There are two major events for USD which occurred during the previous week. The first event was related to a better than expected US GDP annualized growth rate of 5.2% for the third quarter, beating the market estimate of 5.0%. Such a strong figure heated investors’ confidence that the Fed is just around the corner to cut interest rates. It also showed the...

XBTFX

The hype over BTC ETH continues to be quite strong on the crypto market. In addition to it, Fed Chair Powell's speech during the previous week only supported market expectations that the Fed is finished with further rate hikes and that rate cut could be expected within the course of 2024. Although it is interesting that Powell did not mention any sort of rate...

XBTFX

Last week in the news December started in a positive tone on financial markets. Gold hit new yearly highs above $2K, in expectation of Fed's rate cut during the course of 2024, while US equities reached this year`s highs for one more time, on the same assumption. The crypto market is still under expectations of the approval of the first spot BTC ETF, where the...

XBTFX

The FOMC November meeting minutes were the ones that supported market expectations that the Fed is finished with further rate increases. The rates might stay higher for longer, but the market is currently anticipating that the first rate cut in this cycle might occur in May next year. Treasury yields reacted on the release of the Minutes, where yields were...

XBTFX

The FOMC November meeting minutes revealed that the Fed is currently not planning to cut interest rates, however, further increase will depend on the inflation figures, which might be persistent, as per FOMC member concerns. At the same time, the market is currently pricing a 0% chance of rate increase in December, while a potential first rate cut might occur in...

XBTFX

The S&P 500 finished the previous week 0.06% higher, at the level of 4.559. This modest increase was supported by the expectation on the retail sales during the so-called Black Friday. This year, expectations on the retail sales were not so optimistic considering the general trend of decreased sales of consumer goods due to inflation. At the same time, the US...

XBTFX

November FOMC meeting minutes were released during the previous week, where it has been revealed that the Fed has no appetite for rate cuts at this moment. This comes as a result of concerns that inflation might be persistent in the coming period, and as long as they don’t see that the inflation figures are clearly indicating a path toward the targeted 2%, rate...

XBTFX

Previous week was marked with striking news that Binance exchanger settled with $4.3 billion in penalties, after its CEO Changpeng Zhao was found guilty of failing to maintain an effective anti-money laundering program in his company. Although BNB reacted in a negative way, still the crypto market remained in a positive mood. This comes as a result of a market...

XBTFX

Last week in the news Due to Thanksgiving holiday in the US, the markets were relatively calm but in a positive mood during the previous week. Bets on Fed`s pausing were supporting the price of Gold and, at the same time, weakening of the US Dollar. Regardless of the negative news for Binance, the crypto market was traded mostly in green where Bitcoin managed for...

XBTFX

There has been a lot of anxiety on the market whether the Fed will hike interest rates for one more time till the end of this year, as Fed Chair Powell mentioned a few months ago. However after the inflation data were officially released during the previous week, the market is currently almost quite sure that the Fed will not further increase its interest rates....

XBTFX

The price of Gold is clearly heading toward its balance of negative correlation with USD. After the market priced the Middle-East crisis, the price of Gold is now back toward the path of US fundamentals. Last week, inflation data increased the probability that the Fed will not increase reference interest rates for one more time during the course of this year,...

XBTFX

Last week was all about inflation data and market perception over the next Fed`s move. October inflation data were awaited with anticipation as one of the final puzzle pieces in answering the question whether the Fed will increase interest rates for one more time till the end of this year. Now the odds for such a move are quite low, while the market begins to...

XBTFX

Previous week in the US was all about inflation data. Markets are closely watching its development in a quest to predict the next Fed`s move. Although official figures are showing that inflation is evidently slowing down, still markets and the Fed have a different view on a potential next move when interest rates are in question. As markets are now betting that...

XBTFX

For the last four weeks the ETF frenzy was pushing prices of the crypto coins to the upside, moving in a highly overbought market. The reversal point was strongly indicated, however, it was a question of its exact timing. Markets are becoming a bit exhausted on the stories about first approved BTC ETF, considering that it still continues to miss realization and...

XBTFX

Last week in the news Inflation data was driving the markets during the previous week. US equities finished the week slightly higher from the week before, while Treasury yields continue to slow down. While the US Dollar weakened slightly, the price of Gold reverted once again toward the $2K as markets are betting on further Fed`s pause on monetary tightening....