XBTFX

XBTFX

It was an interesting week for US Treasury bonds. Although markets went into hype after the election of Donald Trump as the next President of the US, the 10Y Treasury yields remained out of this scope. Their exclusive focus was on the FOMC meeting and Fed’s next move. As expected, the Fed cut interest rates by another 25 bps, with a solid overview of the US...

XBTFX

The implications of the US Presidential elections left its mark on the price of gold during the previous week. Namely, as President elect Trump was noting in a presidential campaign a potential to end conflicts in the Middle East, so the markets relaxed sentiment in expectations of further escalation of the ongoing geopolitical tensions. In line with USD...

XBTFX

The US Presidential elections set the stage for an upside for US equity markets, while Feds another rate cut by 25 bps nailed the upside. The hype was back on equity markets, and new all time highest levels followed. As analysts from Barclays explained : “ Equities are eager to price in Trump's domestic growth policies and hopes for easier regulation relative to...

XBTFX

The US Presidential elections were the major event during the week for financial markets. Investors were satisfied with the elected candidate as almost all markets ended the week in green. The US Dollar also gained in strength. The FOMC meeting was somehow left in a shadow of the previous event. The Fed cut interest rates by another 25 bps, which was widely...

XBTFX

What a week ! This could be a short summary of majority comments from the crypto analysts. After the election of the new President of the United States, who was strongly crypto supportive during the campaign, a new dawn came for the crypto industry. Investors are perceiving that the new US Government will be supportive for the crypto industry and that it might...

XBTFX

Last week in the news Regardless of the FOMC meeting and rate cut for another 25 bps, still the major event during the week was related to the US Presidential elections. It seems that investors were more than satisfied with the American votes, as almost all markets finished the week in green, few of them with fresh new all time highest levels. Equity markets were...

XBTFX

Surprisingly low Non-farm payrolls of 12K surprised markets and shaped investors sentiment as of the end of the previous week. The US Treasury yields were heading higher testing shortly the level of 4,3%, however, Friday's noisy NFPs pushed the yields toward the 4,36% level. The week ahead will be the crucial one of the further courses of the 10Y Treasury...

XBTFX

Ongoing geopolitical tensions and mixed macro data in the US pushed the prices of gold to the newest all-time highest level in this year. Gold reached the highest level at $2.785 on Wednesday, but reverted a bit back on Friday, amid US Dollar strengthening, at level of $2.735. The US Treasury yields also gained after disappointing Non-farm payrolls data for...

XBTFX

The US stocks had a relatively mixed week. The S&P 500 started the week with the negative sentiment, around the level of 5.840, and moved in Thursday trading session to the lowest weekly level at 5.705. Still, during Friday the index managed to gain some 0,4%, ending the week at the level of 5.728. The Non-farm payrolls were the major surprise for the markets...

XBTFX

The Fed's favorite inflation gauge in the US, the PCE Price Index, was standing at 0,2% in September, bringing the index to 2,1% on a yearly basis. Figures were in line with market expectations. The Personal Income was higher by 0,3% in September while Personal Spending was increased by 0,5% a bit higher from market estimate of 0,4%. The Non-farm payrolls again...

XBTFX

The crypto market benefited from the ongoing US Presidential campaign. Namely, as one Presidential candidate is counting on votes from the crypto community, so the market is reacting to initial pools for a potential win of this candidate. This is currently a market game, betting on a better future condition for further push of the crypto coins into the mainstream...

XBTFX

Last week in the news During the previous week a mixed US macro data and disappointing NFP data shaped the market sentiment. The US Dollar gained in strength as of the end of the week, pushing the price of gold toward the level of $2.735, after it reached the fresh new ATH supported by geopolitical tensions. The US Treasury yields continue to test higher grounds...

XBTFX

During the previous week there has been a lack of new macro data which would point to markets the course of inflation and potential next Feds move regarding interest rates. Still, the markets are watching closely any statements from Fed officials, and trying to position according to the current sentiment. Considering that statements from Feds officials were pretty...

XBTFX

Ongoing geopolitical issues and also forthcoming elections in the US, are making investors to increase demand for safe-haven assets. The price of gold continues to benefit from these uncertainties, by continuing to hold at historically highest levels, and keep the score of 32% increase for the year. During the previous week, the price of gold modestly slowed down...

XBTFX

After the winning streak during the last six weeks, the S&P 500 decided to relax a bit during the previous week. The index closed the week 0,3% lower, at the level of 5.808. While tech companies for one more time drove the markets higher, still, healthcare and manufacturing industries slowed down a bit. It should be especially mentioned TSLAs weekly performance,...

XBTFX

The Existing Home Sales in the US dropped further in September by -0,1%, but it was still a lower drop from market forecast of -1,6%. At the same time, Building permits for September were standing at -3,1% for the month, while new home sales increased by 4,1% in September. Durable Goods Orders were lower by -0,8% in September for the month, a bit higher from...

XBTFX

After a week with a strong push to the upside, BTC was traded in a sort of more relaxed mode during the previous week. A recently reached higher level at $69,2K was tested at the beginning of the week, and without a strength for higher grounds, BTC reverted to the downside. The lowest weekly level reached was $65,5K at one occasion. The majority of time, BTC spent...

XBTFX

Last week in the news Previous week was a relatively calmer one on financial markets. A strong sentiment for US inflation data was the one which pushed the US 10Y yields to the higher grounds, at 4,25%. The US Dollar continued to gain, while ongoing geopolitical issues impacted the price of gold to also end the week at historically highest levels, at $2.746. The...