XBTFX

XBTFX

Regardless of a Thanksgiving Holiday in the US, during the previous week the 10Y US Treasury yields slides back till the levels from October this year. The yields started the week around the level of 4,42% while they are ending the week at 4,17%. Feds favourite inflation gauge, the PCE Price Index was released early in the week, which was in line with market...

XBTFX

As geopolitical tensions weakened during the previous week, and following negative correlation toward the US Dollar strengthening, the price of gold made a short term correction during the previous week. The price of gold started the week by testing the $2,7K resistance line, however, it swiftly reverted toward the downside, reaching its lowest weekly level at...

XBTFX

Analysts are noting that the S&P 500 ended its best week in 2024. Although the year is slowly approaching the New Year holidays in December, the market sentiment continues to remain quite strong. The index reached its fresh new all time highest level at 6.043, breaking its 6K level. One of the topics which pushed the semiconductor and chip producers shares to...

XBTFX

The most important macro indicator posted during the previous week was the PCE indicator for October, a Fed's favorite inflation gauge. Posted data show that the PCE Price Index increased by 0,2% on a monthly basis, while core PCE was up by 0,3%. Both figures were in line with market expectations. Personal Income was increased by 0,6% for the month, while Personal...

XBTFX

Although it seems that the BTC slowed down its path toward the upside, still, charts seem more like a short pause before the next final milestone is reached for this year. Previous week was a little bit bumpy for BTC, as the coin modestly reverted toward the downside, reaching the lowest weekly level at $91.115. The support line at $90K has not been clearly...

XBTFX

Last week in the news Regardless of a Thanksgiving Holiday in the US during the previous week, markets ended November with a positive sentiment. The US equity market ended its one of best months in the year, with the S & P 500 reaching its new all-time highest level at 6.040. Decreased geopolitical risks and strengthening of US Dollar, impact the price of gold to...

XBTFX

Previous week markets spent on digesting currently mixed economic data as well as statements from a few Fed officials. The most important question at the moment is whether the Fed will cut interest rates at December's FOMC meeting or not. Statements of two Fed officials were rather mixed. On one side, Chicago Fed President Goolsbee noted his view on a need for...

XBTFX

The price of gold had one of better weeks during this year, with a price move from $2.560 up to $2.712, where it is ending the week. Geopolitical uncertainties for one more time have pushed the price of gold toward the higher grounds, and broken its negative correlation with the US Dollar. The US Dollar continued strengthening during the week, while the...

XBTFX

Two weeks ago markets passed through sort of a short term stress, related mostly to new names in the US administration, but it did not take too much time until the initial fear passed away. Markets were back on a track during the previous week. The S&P 500 made a move from 5.865 up to 5.969, where the index is ending the week. Interestingly, tech companies were...

XBTFX

Building Permits preliminary for October reached the level of 1.416M, which was a bit lower from the market estimate of 1,43M. Building Permits for October were by 0,6% lower from the previous month. Housing Starts in October were also down by -3,1% on a monthly basis, reaching the level of 1.311M, which was lower from the market forecast. Existing Home Sales for...

XBTFX

Markets continued to hold positive sentiment toward Bitcoin. The price direction from the US Presidential elections is set, and the main question currently is at which level the price might slow down? Another week brought another all time highest level at $99.088. This is quite close to the $100K the next target for the BTC. Based on sentiment, this level might...

XBTFX

Last week in the news The crypto and gold markets were in the spotlight of the markets during the previous week, considering that there has not been much significant US macro data posted. Investors' positive sentiment for BTC continues to hold, where BTC reached levels quite close to the $100K mark. Despite US strengthening, the price of gold returned to the...

XBTFX

Previous week on the US Treasury bond market was marked with Fed Chair Powell's comment that the Fed is “not in a hurry to lower interest rates”. The note came from Feds perception of a strong US growth, in which sense, there is no need to cut interest rates too soon. This marked investors confidence, so 10Y Treasury yields continued their path toward the upside....

XBTFX

The US Dollar strengthening and expectation of further decrease of geopolitical tensions which the new US administration might bring, impact the price of gold to get back into its negative correlation with the US Dollar. The Fed Chair Powell noted in a speech that the “Fed is not in a hurry” to cut interest rates, which impact further strengthening of the US...

XBTFX

The post-election reality check was evident on the US equity markets during the previous week. Although the first week was marked with euphoria over potential tax cuts, still, the second week was marked with concerns over the rising US treasury yields. The S&P 500 started the week at the level of 6.005, but ended it at 5.870. A specific hit came from the...

XBTFX

A week after the US Presidential elections, markets continue to favor USDollar, in expectation of positive effects of lower tax rates. Still, many economists are noting that political promises during the presidential campaign are one thing, and what we will see in reality is completely another topic. As for economic data posted during the previous week, the US...

XBTFX

A crypto-supportive new US administration, brought a new fresh dose of optimism on the crypto market. The whole crypto ecosystem benefited from the optimism that the crypto industry and coins will have a certain future in the US, without a legal scrutiny, which was imposed by the SEC during the previous years. A strong funds inflow into the crypto market...

XBTFX

Last week in the news The Fed “is not in a hurry” was the sentence which marked the previous week on financial markets and impacted its sentiment. The US Dollar continued to gain for the second month in a row, pushing the price of gold to the lower grounds. Gold ended its worst week within the last three years at the level of $2,56K. The US equity markets...