XBTFX

XBTFX

Surprising news hit the market during the previous week, when rating agency Fitch announced that it has downgraded the US government long-term debt credit rating by one notch to AA+. Market reacted with a negative sentiment. Equity markets went to downside, while Treasury yields went to upside. US 10Y Treasuries moved from 3.9% up to the highest weekly level at...

XBTFX

Gold is gaining investors attention, at least based on the significantly increased daily trading volumes during the previous week. These daily volumes were last spotted on the market in September last year, when Gold rallied within the next few months. Whether such a situation will repeat itself is about to be seen, especially considering that there is an equal...

XBTFX

S&P 500 entered into a short correction during the previous week. The market reacted to the news that Fitch rating agency downgraded the US long-term government debt to AA+. As economists are noting, this would have an impact on higher borrowing costs for US companies, as borrowers now need to calculate with higher risk of doing business with US clients. Certainly...

XBTFX

Rating agency Fitch downgraded the US long-term government debt by one notch, to AA+. This was sort of a surprise for both financial markets and the US Government. Reaction was negative, but it seems that it has been swiftly digested. The market was more concerned over the jobs data in the US which were posted during the week. Non-farm Payrolls reached 187K in...

XBTFX

There has been some pretty negative news for the US, when Fitch downgraded its long-term government debt by one notch, to AA+ from AAA. At the same time this news did not have almost any impact on BTC`s price. So, the question currently is, what is the market waiting for? Based on available data on market movements, it seems that some repositioning is occurring...

XBTFX

Last week in the news The rating agency Fitch downgraded the long term credit rating of the US by one notch to AA+ from previous AAA. Market reacted with a negative sentiment, bringing the US equity markets lower and Treasury yields to the upside. The crypto market was traded flat most of the week, sliding down as of Friday`s trading. Bitcoin is ending the week...

XBTFX

The Fed has increased reference interest rates by another 25 bps, exactly as per market expectations. On a positive side is that the US inflation continues to slow down, which increases the probability that the Fed will soon stop with further rate hikes. At least, this is the current expectation from the majority of market participants, but whether this will be...

XBTFX

Previous week was an important one for the USD when it comes to monetary policy and economic data. FED increased interest rates, as expected, but most importantly, the posted figures for inflation show that it is weakening further. At the same time GDP figures of 2.4% in Q2 were highly above from what the market was expecting. This supported market sentiment and...

XBTFX

S&P 500 finished the third week of gains, adding 1% on Friday trading. The index was supported by the posted data indicating that the inflation is slowing down. Relatively solid economic data is increasing the probability that the US economy would escape a recession scenario, which strong increase of reference interest rates might cause. Although the Fed increased...

XBTFX

It was a fundamentally important week for both USD and EUR. Both central banks increased their reference interest rates by 25 bps, which was fully in line with market expectations. However, there are currently important differences when it comes to the current and future economic developments. As inflation in the US is clearly slowing down, the EU cannot say the...

XBTFX

The Fed has increased reference interest rates by 25 bps last week, which was fully in line with market expectations. Latest inflation figures for the US are showing a further decreasing trend, which increases market expectations that the Fed might soon halt further increases of rates and probably start its monetary easing. Still, as per Fed Chair Powell, there...

XBTFX

Last week in the news Both Fed and ECB increased their reference interest rates by 25bps, which was fully in line with market expectations. Markets ended the week digesting the central banker`s view on the current state of both economies, in expectations that pivoting might come somewhere during the course of the next year. All markets slowed down during the...

XBTFX

Treasury yields ended the week lower, as investors are weighing on a next monetary move of the Fed during next week. FOMC is scheduled for July 26-27th, where the majority of market participants are expecting further increase of interest rates by 25bps. The economy is showing modest signs of slow-down, while some economists are expecting a lagging effect of...

XBTFX

During the previous week USD managed to regain some of its strength, after losing significantly during the past two weeks. Gold was lagging, but finally managed to return to the negative correlation with the value of USD. However, for the week ahead, there could be some higher volatility, considering that the Fed will discuss whether to further increase interest...

XBTFX

The S&P 500 gained 0.69% during the week, ending at level of 4.536. As the majority of companies posted their Q2 results, investors are now weightening potential for gains in the next quarter. For now, results are good, however, there are still pending fears of forthcoming potential recession supported by high interest rates and tightening monetary measures....

XBTFX

Is the US economy cooling down or is it still not time for such a move? Latest data are a bit mixed, which might be a challenge for investors when it comes to positioning of a deal, before the forthcoming FOMC meeting on July 26-27. Released figures for Retail Sales for June shows an increase by 0.2% m/m less than market expectations of 0.5%. At the same time...

XBTFX

The resolution of the Ripple-SEC dispute brought some positive sentiment over the crypto market, however, SEC Chair Gensler is not ready to give up on the idea to put the crypto industry “in order”. Initial positive sentiment was put on hold during the previous week, as Gensler asked the US Senate to approve additional $72 million above the current SEC`s budget...

XBTFX

Last week in the news While EU markets finished the week in green, amid positive corporate results, US markets were traded in a mixed manner, as investors still need to digest the latest corporate data and prospectus for the future period. The S&P 500 was traded almost flat on Friday, after adding 0.69% during the week. The crypto market remained relatively flat...