XBTFX

XBTFX

There is no rest for US Treasuries. The minute the trade tensions between the US and China were settled, at least for the period of 90 days, a new storm hit the market throughout rising concerns over the sustainability of the US debt. At least as this sustainability is perceived by the rating agency Moody’s, which downgraded the US sovereign rating by one notch...

XBTFX

As US-China trade tensions calmed down after the successful negotiations, it supported the US Dollar and decreased the demand for gold on financial markets. Analysts are noting that this was the worst week for the price of gold since November last year. Certainly, it should be taken into account that the price of gold significantly gained from the start of this...

XBTFX

It was a good week for the S&P 500, which managed to gain each day during the previous week, surging by around 5% on a weekly basis. Positive market sentiment was supported by easing of trade tariffs tensions between the US and China. It should be also noted that the US Administration signed significant partnerships with countries in the Middle East, mostly in the...

XBTFX

From economic data the US inflation was in the spotlight of the financial markets during the previous week. The US inflation in April reached 0,2% for the month, and 2,3% on a yearly basis, which was fully in line with market expectations. The Core inflation was standing at the level of 0,2% for the month and 2,8% for the year. The Producers Price Index in April...

XBTFX

As BTC reached its new, highest levels, after the first round of the US-China trade tariffs negotiations were settled, it has been side traded. There have been both attempts for a move toward the higher grounds, and an equal attempt for a move toward the lower grounds, however, neither side prevailed. The weekend news regarding the US sovereign downgrade by...

XBTFX

Last week in the news The US inflation and inflation expectations were in the spotlight of market interest during the previous week. The weekly surprise came from the US-based credit rating agency Moody’s, which downgraded the US sovereign by one notch. As the news came late Friday, the market reaction was reflected in an after-hours trading, where the 10Y...

XBTFX

Another rollercoaster of US Treasury yields calmed down after the FOMC meeting held during the previous week. As expected, the Fed did not make any changes to the current levels of interest rates. However, in case that trade tariffs cause some harm to the US economy, the Fed is in position to react swiftly. The economy is still growing at a solid pace, as Fed...

XBTFX

The FOMC meeting was held during the previous week, where the Fed held interest rates on hold for one more time. Still, addressing the topic of potential negative effects of trade tariffs on the US economy, Fed Chair Powell assured the public that the Fed will react immediately, in case of higher deterioration of the jobs market and stronger increase in inflation....

XBTFX

One of the most important weekly events was the FOMC meeting, where its members held the interest rates unchanged for one more time. Many analysts are in agreement that the Fed made the right decision, without jumping-into-conclusion regarding the potential negative effects of trade tariffs. However, this topic was addressed by the Fed Chair Powell, at his...

XBTFX

The most important event during the previous week was the FOMC meeting. The Fed left interest rates unchanged, as was expected. In an after-the-meeting statement, the FOMC members noted that they will stay committed to their dual mandate, bringing inflation toward targeted 2% and maximum employment. Still, considering ongoing challenges for the economy, especially...

XBTFX

The FOMC meeting held during the previous week brought back at least some level of confidence on financial markets. This time, the increased positive sentiment was reflected also on the crypto market, and its major coin, BTC. Increased demand for riskier assets brought back BTC to levels above the $100K. This coin is ending the week at levels above the $103K. As...

XBTFX

Last week in the news The major event during the previous week was the FOMC meeting. Fed held interest rates unchanged, but the main input from Chair Powell was that the Fed is ready to take immediate action in case of a negative consequences of imposed trade tariffs. This brought back investors confidence in financial markets, where the US Dollar gained in...

XBTFX

Market movements in a previous period are clearly showing how high uncertainty is currently among market participants. The US Treasuries for one more time took the downtrend during the previous week, clearly testing the 4,2% level with 10Y US benchmark, but Fridays better than expected jobs report, was a trigger for a move back toward the higher grounds. The...

XBTFX

As trade tariffs “war” entered into relaxation mode, so the price of gold was easing during the previous week. The major event concerning trade tariffs during the previous week was the announcement from China's government that they are considering negotiations with the US Administration regarding imposed tariffs. Additional influx came also from better than...

XBTFX

Positive sentiment continued on the US equity markets during the previous week, after stronger than expected US jobs data. The Non-farm payrolls posted on Friday reached 177K in April, which was significantly above the 130K expected by the market. The market estimate was significantly lower from March data, as analysts were expecting to see a spill over effect of...

XBTFX

The week of macro data in the US started on Tuesday, with Jobs openings data. As per posted data, there have been 7.192M jobs open in March, which was below market expectation of 7,48M. The GDP Growth rate for the Q1 was standing at -0,3% for the quarter, which came as a surprise to the market, which was expecting to see the figure of +0,3%. Analysts are noting...

XBTFX

There are two major events which marked the previous week. One is related to the Chinese government, which openly noted that they are considering entering into negotiations with the US Administration regarding the ongoing “trade war”, noting the absurdity of the currently imposed tax of 145% on Chinese goods and 125% on goods imported from the US. The other news...

XBTFX

Last week in the news Two major events during the previous week shaped the market sentiment. One is related to the Chinese government which noted a consideration to start the negotiations in order to relax currently imposed trade tariffs, while the other is related to stronger than expected US jobs market. The US equities finished the week higher, where S&P 500...