XBTFX

XBTFX

The Fed held interest rates unchanged at their FOMC meeting during the previous week. On a positive side is that they still perceive two rate cuts during the course of this year, which would account for 0.5 percentage points further drop in US reference rates. Fed officials noted that there are arousing uncertainties related to moves from the US Administration...

XBTFX

The price of gold perfectly fitted into the technical chart indicators during the previous week. Alongside that this is the dream of any technical analysts, still, it moved exactly in line with expectations, and chart indications. Historical highs from April and October 2024 set the indication for the next level of the price of gold, which occurred during the...

XBTFX

Another relatively mixed trading week for US equities. The most important weekly event was certainly the FOMC meeting, where the Fed decided to hold interest rates unchanged for one more time. Important input was that the Fed is still on the track of two rate cuts during the course of the year, which modestly supported positive market sentiment. Still,...

XBTFX

The Fed left rates unchanged on their FOMC meeting during the previous week, which was the major weekly event, closely watched by market participants. As for economic projections, Fed officials are now seen to have corrected GDP growth to 1.7% this year, while the inflation pressures are corrected toward the upside. Despite expectations of elevated inflation, Fed...

XBTFX

The fears regarding future US economic outlook are still strong among investors. The Fed held its FOMC meeting during the previous week, holding for one more time interest rates unchanged. On the other hand, Fed officials acknowledged uncertainties originating from moves from the US Administration, mostly related to trade tariffs. The US equity markets are trying...

XBTFX

Last week in the news The Fed held interest rates unchanged during their FOMC meeting held the previous week, and stuck to its previous plan of two rate cuts during the course of this year. Still, uncertainties regarding moves from the US Administration are strongly interfering investors decisions, in which sense, markets are still in a wait-and-see mood. The S&P...

XBTFX

The US February inflation data were posted during the previous week, and with 0,2% for the month, was in line with market expectations. However, the negative effects of the US Administration related to tariffs were reflected in the Michigan Consumer Sentiment Index, which dropped in March below market estimate. What is concerning is that consumers are now...

XBTFX

Tariffs-on, tariffs-off game of the US Administration brought a lot of uncertainty among inventors during the previous period. Two weeks ago the price of gold had some short relaxation in order to continue its move toward the targeted $3K levels, which occurred during the previous week. The price of gold started Monday around levels of $2.880, while the highest...

XBTFX

The negative market sentiment on the US equity markets continued during the previous week, where Friday brought some relief. A lot of mixed economic news, as well as stories regarding new trade tariffs continued to shape the market sentiment. The US inflation in February was in line with market expectations of 0,2% in February. New jobs openings of 7,74M in...

XBTFX

Inflation figures in the US were in the market spotlight during the previous week. Posted data shows an inflation rate of 0,2% in February, bringing the yearly inflation to the level of 2,8%. The core inflation was also at the level of 0,2%, while its yearly level was standing at 3,1%. The new job openings in the US in January reached 7,74M which was above the...

XBTFX

There has been a higher volatility on the crypto market during the previous week. The markets are still making shiny steps toward the upside, influenced by the macro sentiment and potential negative effects of the trade tariffs. Uncertainty is still strong on financial markets, where BTC also belongs as now part of mainstream markets. During the week, BTC was...

XBTFX

Last week in the news Tariffs-on, tariffs-off continues to shape market sentiment. The US equity markets tried to cover some weekly losses, where S&P 500 ended the week at the level of 5.638, after the index reached its lowest weekly level at 5.508. Considering uncertainty, the price of gold reached another all time highest level at $3K. The US Dollar continues...

XBTFX

The roller coaster continues to be in the heart of financial markets during the previous period. The uncertainty over the trade tariffs, mixed macro data, Fed President Powell`s notes, all contributed to the strong shift in prices of assets across financial markets during the last few weeks. Previous week the 10Y US benchmark started with a lowest level of 4,10%...

XBTFX

Weakening US Dollar gave some space for gold to slow down its road toward the higher grounds. The uncertainty over the US Administration trade tariffs was a fuel for the price of gold to reach all time higher grounds in the previous period, but as the time of its final implementation is uncertain, as well as the level of tariffs, the gold took some time for a...

XBTFX

Since the establishment of financial markets there has been a market separation on bullish and bearish markets. Traders just invented the third option called the kangaroo market, in an attempt to describe recent developments of price movements. It refers to rare development of the price movements when the price of an asset goes strongly in one direction and then...

XBTFX

The Non-farm payroll figures were the ones that the market closely watched, posted on Friday. The NFP for February was 151K in February. The figure was slightly below the market estimate of 160K. The unemployment rate in February was 4,1%, by 1 pp higher from the previous month. The average hourly earnings increased by 0,3% for the month and 4% on a yearly basis....

XBTFX

In line with the general market sentiment, the price of BTC continues to move in a roller coaster mood. On Monday, BTC tried for one more time to reach the $95K resistance line, but was rejected, so the price reverted back. The lowest weekly level was $ 82K, where the price touched the MA200 level. For the rest of the week, BTC tried to sustain the $90K level, but...

XBTFX

Last week in the news The February US NFP data were below market expectations, however, the market sentiment is still highly under the influence of US trade tariffs. The US equity market had a correction during the previous week, with S&P 500 closing the week at the level of 5.770. The weakening of the US Dollar stopped further surge in the price of gold, but it...