XBTFX

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...

XBTFX

Geopolitics were once again in the spotlight of market sentiment during the previous week. The uncertainty over the potential future increased tensions within the geopolitical sphere, pushed the US Treasury yields further to the lower grounds. Increased demand started with uncertainty over trade tariffs and currently is affected by politics. The funds from US...

XBTFX

The uncertainty is the one which brought almost all asset classes to the down side during the previous week. The price of gold was also the one that was hit by geopolitical uncertainty, trade tariffs and expectations on interest rate levels. The price of gold entered into a short term correction, when only on Friday’s trading session gold was down by 1%, ending...

XBTFX

The game of nerves could be one of descriptions of developments on the US equity markets during the previous week. It was a heavy week due to a significant drop in the value of the S&P 500 but also other US equity indexes. The index declined about 1% during the previous week, and 1,4% since the beginning of February. Friday brought back significant buyers, where...

XBTFX

The release of PCE data was the one closely watched by markets during the previous week. Released data show that the PCE Price Index reached 0,3% in January for the month and 2,5% on a yearly basis, which was in line with market expectations. The core PCE also reached o,3% in January. The personal income was higher by 0,9% for the month and personal expenditures...

XBTFX

As BTC entered into the mainstream markets, it was expected that the coin would start to react to all the news which affected the mainstream markets. As geopolitical risks arose again during the previous week, the price of BTC finally broke the side trading during the past period, and followed the market sentiment toward the downside. The first part of the week,...

XBTFX

Last week in the news Markets continue to be in an uncertain mood, impacted by geopolitics, trade tariffs, inflation and interest rate levels. A major correction occurred during the previous week, where the majority of financial assets ended the week with a stronger weekly loss. The US equity markets finished the week in red, with S&P 500 losing 1,4% since the...

XBTFX

The US 10Y Treasury yield fell sharply during the previous week, in line with a drop on US equity markets. At the same time, the price of gold headed toward a new all time highest level, marking its sixth consecutive gaining week. Uncertainty is a word which has dominated financial markets since the establishment of the new US Administration. Spooky words like...

XBTFX

Regardless of a short pull-back during the previous week, the price of gold is clearly on its path toward the $3K level. There are several factors which impact the market uncertainty at this moment, in which sense, investors will inevitably seek the safe-haven assets to invest. There is fear of trade tariffs, which are very active on the market and its impact on...

XBTFX

Markets have been playing a bit of a ping-pong game since the start of the year. Uncertainty is never a good world for financial markets, so it was this Friday. In the same week, the S&P 500 reached a fresh, new all time highest level at 6.148 and a significant pull-back on Friday. One of the extremely spooky works since recently are tariffs, which a new US...

XBTFX

Figures for US Building Permits in January were posted at the level 0,1% higher for the month in January, while the Housing Starts dropped by -9,8% in January. Existing Home sales in January dropped by -4,9% on the monthly basis, much higher from forecasted -1,7%. Michigan Consumer Sentiment Final for February was at the level of 64,7 modestly lower from market...

XBTFX

Another week in a row, BTC continued to move in a channel which indicates sort of side trading. It seems that investors are still not ready to choose the trading side, in which sense, BTC continued to move in a range between $96K and $98K. There were short attempts to head toward the $100K but without success, and also toward the $94K at one moment, but it was...

XBTFX

Last week in the news There are currently several words which shape investors sentiment, including trade tariffs, inflation, slower economic growth. All three words are active for come time, which impact market moves during the previous week. Fears of inflation, after a release of Michigan Consumer Sentiment on Friday, pushed the US equities strongly toward the...