XBTFX

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...

XBTFX

The inflation measured through the Personal Consumption Expenditure Index showed signs of further decrease in August. The Index was standing at the level of 2,2% on a yearly basis, which was a bit lower from market expectations. The US Treasury yields eased after the release of data, bringing the 10Y US benchmark to the level of 3,75% as of the end of the week....

XBTFX

Released US PCE data for August during the previous week, showed further weakening of the US inflation which increased sentiment among investors that the Fed might confidently further cut interest rates in the coming period. The US Dollar modestly weakened on the news, supporting the price of gold to move to higher grounds. In addition, geopolitical tensions in...

XBTFX

The Fed's rate cut and further slowdown of the US inflation boosted the US equity markets, where S&P 500 reached the newly fresh all-time highest level as of the end of the previous week. The highest weekly level reached was 5.761, while the index is closing the week at the level of 5.738. Released inflation data showed that the Fed's favorite inflation gauge, the...

XBTFX

Fed's favorite inflation gauge, the PCE price index, was standing at 0,1% for the month in Augusta, modestly below 0,2% expected by the market. The Core PCE was also 0,1% for the month. The personal income increased by 0,2% in August, while personal spending increased by 0,2% for the month. The US GDP Growth Rate final for Q2 was without change from previous...

XBTFX

Decreasing inflation data posted during the previous week, impacts the investors sentiment for riskier assets. After a few weeks of struggling the crypto market gained some momentum during the previous week, with BTC managing to move away from the $63K levels, testing the $ 65K resistance line as of the end of the week. After several days of testing the $63K,...

XBTFX

Last week in the news The market optimism still strongly holds on the markets. During the previous week the support came both from US PCE data, but also news that China is preparing stronger stimulus for its economy. The price of gold reached a new fresh all time highest level, supported by both weakened US Dollar and ongoing geopolitical issues in the Middle...