XBTFX

XBTFX

The US Treasury market was under influence of the posted data for the Retail Sales in the US in September, as a potential add-on to the total inflation in the country. Released data were in line with the market consensus, as the indicator was higher by 0,4% in September, leading to yearly increase of 1,7%. Without other posted data which would add to the potential...

XBTFX

The price of gold managed to pass the $2,7K level during the previous week, despite the strengthening of the US Dollar. The price of gold was again under the influence of geopolitical tensions in the Middle East, which have impacted the price of gold on many occasions during this year. On the other side are uncertainties related to the US Presidential elections,...

XBTFX

The S&P 500 counts the sixth straight week of winning streaks, and seems ready to count for more. During the previous week a fresh new all time highest level was reached at the level of 5.876. Only during the previous week the index gained 0,96%. Tech companies were again in the center of the market attention. The environment of decreasing interest rates and...

XBTFX

The major event for the EU economy was a further decrease of reference interest rates by ECB members. At their meeting, the ECB decided to cut interest rates by another 25 bps, with possibility of another rate cut till the end of this year, due to drop in inflation, and also, decreasing business activity within the EU. The wholesale prices dropped by -0,3% in...

XBTFX

Although BTC was struggling to choose the trading side during the last three weeks, still, the previous week brought some breakthroughs, revealing current market sentiment. As per some analysts this final break was impacted by the increased odds that the US Presidential candidate Donald Trump might win the US elections in November. The market reacted in a positive...

XBTFX

Last week in the news The US Retail Sales figures for September, as well as better than expected posted quarterly results of US companies were the major catalyst for the US equity markets during the previous week. The S&P 500 reached the newest all time highest level, ending the week at the level of 5.864. Although the US Dollar was gaining in strength, gold has...

XBTFX

The inflation data were the ones that the market was watching closely during the previous week. The September inflation came just a bit higher from the market estimate. While core inflation remained elevated at 0,3% for the month and 3,3% for the year, the inflation figures were standing at 0,2% in September and 2,4% for the year. As inflation is holding modestly...

XBTFX

The US inflation figures were the ones that the markets were awaiting to see during the previous week, in order to position accordingly. As the inflation was much in line with market expectations, the US Dollar gained, pushing the price of gold to the downside. The lowest weekly level reached was at Wednesday's trading session, where the market was testing the...

XBTFX

The equity markets in the US continue to move within a positive sentiment during the Q3. The S&P 500 reached a fresh new highest level during the previous week, closing Friday's trading at the level of 5.815, and gaining 1,1% on a weekly basis. This week, tech companies were not in the focus of the market, but the positive sentiment was boosted by the financial...

XBTFX

The US inflation data for September was published during the previous week. Inflation on a monthly basis was higher by 0,2%, a bit hotter from market estimate of 0,1%. Inflation reached 2,4% on a yearly basis, again by 0,1% higher from the market estimate. At the same time, core inflation remained elevated, reaching 0,3% for the month, and 3,3% compared to the...

XBTFX

The crypto market had another bumpy week, which ended with a positive sentiment. The week started by the stronger push of BTC toward the downside, where the coin was testing levels below the $60K support line. Still, Friday trading session brought a short reversal to the upside, where the coin was testing the $63K a short term resistance line. The move was...

XBTFX

Last week in the news The US inflation data were in the spotlight of the markets during the previous week. A modest increase in September was another indicator for markets that the Fed might continue to cut in the coming period. The US equity markets reacted positively, bringing the S&P 500 to the freshly new all time highest level. The index is ending the week...

XBTFX

The major macro news during the previous week were posted nonfarm and unemployment figures in the US for September. The nonfarm payrolls significantly beated market expectation, by reaching the figure of 254K, while unemployment rate dropped to the level of 4,1% from 4,2% during August. The markets are now convinced that the Fed will slow down rate cuts till the...

XBTFX

After the price of gold reached its new all-time highest level, the market softened a bit during the previous week. It came in anticipation of the US non farm payroll data, which were much better from market expectations. Good jobs data pushed the US Dollar to the higher grounds, leaving the price of gold with a modest volatility during the week. The price of gold...

XBTFX

The US equity markets were traded in a mixed manner during the previous week. On one side there should be considered funds outflows to China's stocks, after the announcement of significant stimulus measures by their Government. In anticipation of non-farm payrolls data, the S&P 500 was traded with a negative sentiment, moving from the level of 5.760 down to 5.680....

XBTFX

The US nonfarm payrolls were in the focus of the market attention during the previous week. Posted figure of 254K added jobs in September surprised the market, which was expecting to see 140K. Average hourly earnings were higher by 0,4% in September, bringing it to the level of 4,0% on a yearly basis. Figures were higher from market consensus. The unemployment...

XBTFX

During the previous week a negative investor sentiment prevailed on the crypto market, as a combination of several factors. The week started with a market frenzy for Chinese stocks, after the China's Government announced extensive measures in order to support its economic growth in the future period. A portion of funds from the crypto market was transferred to...

XBTFX

Last week in the news The US non-farm payrolls for September surprised the markets during the previous week, causing investors to consider a soft landing of the US economy and a 25bps Feds cut till the end of this year. The start of the week brought a negative sentiment on the US equities markets, however the S&P 500 ended the week with a small gain, at the level...