Released data for the US economy during the previous week could point to the stagflation moment in the US during the course of this year. Posted data for core Personal Consumption Expenditures Price index show that in March it increased by 2.8% on a yearly basis, from 2.6% expected by the markets. At the same time, the first estimate for the US GDP Growth Rate was...
As the crisis in the Middle East is slowly calming down, the price of gold is ending its uptrend, in a quest to find a new equilibrium price. On this path, the price of gold first needs to find again its negative correlation with the USD, as it did during the times without significant news from geopolitics. The price of gold started the week with a strong selling...
Previous week was the one where the S & P 500 performed in an excellent manner, increasing its index value by 2.7%. The three-week losing track was finally broken, and the index ended the week at level of 5.124. For one more time, tech companies were the ones that were driving the market to the upside, especially after strong earnings from Microsoft and Alphabet....
The inflation in the US continues to be persistent, putting into question promised three rate cuts during the course of this year. Released data on the core Personal Consumption Expenditures Price index show an increase in March of 2.8% on a yearly basis, which was slightly above market estimate of 2.6%. The PCE on a yearly basis was standing at 2.7%, again...
The frenzy over the Bitcoin halving is over, so the price could enter into a sort of relaxation, seeking for its new equilibrium. This is sort of normal on financial markets, considering that many positions were open in order to gain in a short bull-run. Such positions are now being closed and some sort of repositioning is taking place. Analysts are noting that...
Last week in the news Latest PCE data in the US are showing persistent inflation, decreasing inventor’s expectations of a potential three rate cuts during this year. US Treasury yields reacted to change in sentiment, where the 10Y benchmark reached its weekly highest level at 4.73%. Decrease of geopolitical risks in the Middle East impact short reversal in the...
To be or not to be – the rate cut this year? The markets switched their expectations from March and May toward September, although currently not with high certainty. Recent data show still high resilience of the US economy on tight monetary policy. Retail sales in March were increased by 0.7% on a monthly basis, which was a figure much higher from 0.3% expected by...
After five straight weeks the price of gold continues to move to higher grounds. Certainly, the major contributor to such a development is the newly emerged geopolitical situation in the Middle East, which is fuelling investors with unrest. As the situation is slowly calming down, the price of gold is easing its push to the upside. During the previous week,...
During the previous week markets witnessed that Nvidia can dip in value. The relaxation period of continued moves to the upside came to the reality check. Combination of the Middle East crisis and mostly expectations that the Fed will not cut interest rates anytime soon, pushed the US equities toward the downside. The S&P 500 slipped below the 5.000 level and was...
The US economy continues to show its resilience to monetary measures. Retail sales in March were increased by 0.7% on a monthly basis, which was much higher from market estimate of 0.3%. Preliminary Building Permits for March were standing at 1.458M, a bit lower from estimated 1.514M. Inflation Rate final for March for the Euro Zone was standing at 2.4%, while...
The long awaited BTC halving took place early Saturday, where 840.000th block was added to the blockchain. BTC`s volatility in price was widely expected, as it usually occurs during times of halving, so the same occurred this time. The price of BTC dropped down to the level of $60K, however, the whales used this opportunity to buy the dip. As news is reporting,...
Last week in the news Higher for longer was for one more time rhetoric which influenced market sentiment during the previous week. In expectation of less rate cuts during this year, the US equities entered into the correction mode, with the S&P 500 ending the week at level of 4.967. The US Treasuries had another relatively strong week, where 10Y benchmark...
Jobs data were the ones that moved the markets two weeks ago, while the previous week was marked with inflation data. The US inflation is quite persistent and moved higher to 3.5% in March, from 3.4% that the market was expecting. The overall market sentiment is that the Fed will stay reluctant to decrease interest rates during the course of this year, since the...
The latest developments on the gold market are clearly showing that this metal continues to be perceived by the majority of investors as a safe-haven asset. During times of relatively normal market conditions, this fact could not be clearly perceived, however, any sort of geopolitical or global tensions will first push the price of gold to the upside, or, in other...
Market never liked uncertainties, which was evident on the US equity markets for one more time. The optimism from the beginning of this year is still not fading, however, it reacts to increased inflation data in the US and also geopolitical tensions, which for one more time are emerging in the Middle East. The future period might bring some challenges to the...
The US inflation data was in the spotlight of markets during the previous week. Inflation rate in March was 3.5% on a yearly basis, which was higher from the market estimate of 3.4%. At the same time core inflation rate was standing at 3.8%, again higher from estimated 3.7%. Inflation rate on a monthly basis was 0.4% in March. At the same time the Producers Price...
Nervousness on financial markets was supported by continuous geopolitical tensions, but also by inflation in the US which will most probably not reach the 2% target any time soon. This means that the Fed most probably will not cut interest rates three times during the course of this year, as announced at the latest FOMC meeting. At least the market is currently...
Last week in the news Inflation fears are for one more time those to shape investors confidence. Posted US inflation data during the previous week, impacted negative sentiment on the market, and made US Treasury yields move to the higher grounds, while US equities were pushed to the downside. For one more week in a row geopolitical risks were pushing the price of...