Moves in Treasury yields during the previous week are showing that the market has already priced all known information, and waiting for new ones in order to decide on a further action to the up or downside. The 10Y Treasury benchmark was moving between levels of 4.51% down to 4.42% on one occasion. The majority of deals were around the 4.5% level. It should be...
Although there had not been a release of any currently significant macro data during the previous week, still, the market had a strong reaction to released data on the weekly claims for state unemployment benefits. These figures were much higher than expected, which supported market optimism that the Fed might cut interest rates sooner from September, as currently...
Equity markets continue to be wrapped into the story of potential rate cuts in the US. The optimism which pushed the S&P 500 toward the level of 5.222 for one more time, was halted on Friday by the much worse than expected Michigan Consumer Sentiment index preliminary for May. Based on these readings, economists are noting a switch in the consumer sentiment in...
It was a relatively calm week with respect to economic news in the US. Initial jobless claims in the US in May reached 231K, a bit higher from forecasted 210K. Michigan Consumer Sentiment preliminary for May reached the level of 67.4, far below 76 expected by the markets. The EU economy is modestly picking up, after a period of stagnation. The retail sales in...
BTC is in the "boring" phase, as called by some BTC traders. Current developments on the BTC market could be perceived like that, if we take into account the lack of adrenaline which was shaping traders sentiment before first BTC ETF approval and later, BTC halving. But, for others this is a relatively calm period for trading where steady profits could be made....
Last week in the news Previous week did not bring some currently significant economic news, however, the market volatility continued. Positive sentiment continues to hold for the US equity market, with S&P 500 heading toward the levels from April this year. The USD continues to modestly weaken, however, the price of gold picked up during the week, closing at...
During the previous period the market was trying to price its expectations of a less than three rate cuts during the course of this year, giving up on the Fed's announcement from the latest FOMC meeting. The meeting held on May 1st, showed that the market was right in its assumptions, considering that the emerging US inflation might put halt on rate cuts this...
There have been a lot of macro developments during the previous week, including FOMC meeting and softer than expected US jobs data, which left the gold outside of the investors focus. However, those with a significant prior exposure took the chance to close positions and book some profits. In this sense, the price of gold was in a sort of reversal during the week....
Markets tried to stay on a positive side after the FOMC meeting, however, the April`s job report was the one that saved the market optimism during the previous week. Although the Fed noted that the first rate cut will occur when data clearly show that the inflation is on a clear road toward the 2.0% target, a much softer than expected jobs report was the one that...
Major event during the previous week was the FOMC Meeting, held on 1st May. Market was closely watching Fed Chair Powell's speech, considering recent emerging inflation. The main question for the market was when the Fed will make the first move to cut interest rates? The Fed`s rhetoric has not changed much. They acknowledged that the inflation is slowly taking the...
BTC is moving back to the mainstream sensitivity, after the frenzy over the first ETF approval and BTC halving was over. It was clearly evident during the previous week, when the market nervousness regarding Fed's decision and view on economic developments was too high. Namely, increasing inflation in the US is putting in question whether the Fed will have a...
Last week in the news As it was expected, the Fed held interest rates without change at their FOMC meeting held on 1st May. Market nervousness prior to the meeting brought back some higher volatility. The USD modestly weakened, while gold ended the week testing $2.3K level. The US Treasury yields dropped after the FOMC meeting trading session and especially...
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...