Analytical reviews of the Forex market

06.09.2024 10:09

Weekly Summary: Nonfarm Payrolls Will Drive the Market

The S&P 500 futures have seen a steep decline of 3.3% this week, marking the largest drop since March 2023. If this trend continues and surpasses 4%, it could represent the biggest fall since September 2022. The index is approaching a critical point that could shift its formation to the downside, targeting 5200–5300 points, signaling a second 6–7% correction within 30 days. Should the current uptrend resistance fail, a plunge to 4700–4900 points is possible, underscoring the importance of the upcoming U.S. labor market report. Recent U.S.

04.09.2024 10:09

Crypto Week: Down September and Fake TON Meltdown

Anton Bykov

Bitcoin (BTC) prices have declined by 2.8% to $56,726 this week, despite an earlier rise of 2.6% to $59,788 on Monday. However, by Wednesday, BTC had not only lost these gains but also dipped to $55,553, the lowest level since August 8. This decline followed remarks from Bank of Japan Governor Kazuo Ueda, who reiterated warnings that the BoJ might raise interest rates if the macroeconomic situation aligns with the central bank’s forecasts. The BoJ last raised rates unexpectedly on July 31, from 0.10% to 0.25%, which led to an 8.

02.09.2024 10:09

Weekly Focus: U.S. Nonfarm Payrolls Will Direct Markets

Alexander Boltyan

S&P 500 broad market index futures are retreating by 0.16% to 5639 points after closing at 5651 points on Friday. This marks the fourth consecutive winning week for the index, bringing it close to its all-time record of 5670 points. The recent rise is attributed to stable inflation in the United States, with the Federal Reserve’s (Fed) preferred inflation gauge, the PCE Index, remaining flat for July, both in headline and core readings, surpassing Wall Street expectations. Coupled with a 3.

30.08.2024 11:08

Weekly Summary: S&P 500 Edged Lower, PCE Index Ahead

Anton Bykov

This week, the S&P 500 index experienced a modest decline of 0.2%, bringing it to 5,592 points. Despite briefly dipping to 5,544 points on August 29, these declines were quickly bought up, indicating strong market support near these levels. The index remains close to its all-time high of 5,670 points. NVidia (NVDA) played a significant, but formal role in the recent market dynamics. The company's Q2 2024 earnings report, while still strong and above consensus estimates, failed to meet the high expectations set by previous quarters. As a result, NVDA's stock dropped 6.5% to $117.

28.08.2024 11:08

Crypto Week: Powell’s BTC Bounce, Durov Detained, NFT Market Buoyancy

Anton Bykov

Bitcoin (BTC) has experienced a significant decline of 8.2% this week, dropping to $59,000, with a low of $57,946—the lowest price since August 20. This drop is surprising given that the initial announcement of the Federal Reserve's (Fed) interest rate cut cycle had pushed crypto prices upward. Large investors took advantage of the situation, pouring money into the crypto market. Last week, Bitcoin ETFs from BlackRock (IBIT), Fidelity (FBTC), and Grayscale (GBTC) reported net inflows of $204.3 million, breaking a three-week negative trend and pushing BTC prices up by 6.

26.08.2024 11:08

Weekly Focus: GDP, PCE and Dovish Powell

Anton Bykov

The S&P 500 broad market index futures have risen by 0.15% to 5634 points, nearing last week’s highs and approaching the all-time high of 5670 points. This upward movement follows a robust buying spree on Friday, spurred by Federal Reserve (Fed) Chairman Jerome Powell’s clear indication of a potential interest rate cut cycle starting in September. Powell’s remark that "the time has come" signaled the Fed’s confidence in bringing inflation down to the 2.0% target, especially after inflation dropped to 2.9% YoY in July.

23.08.2024 11:08

Weekly Summary: Powell Could Sound Much Hawkish

Alexander Boltyan

The S&P 500 index futures are experiencing a mixed week, rising by 0.6% to 5596 points, but falling from Thursday's high of 5642 points. This brings the index closer to its all-time high of 5670 points. However, the ongoing retreat could potentially erase the gains made earlier in the week. The first half of the week was characterized by positive developments, such as a 5.0% drop in oil prices, which eased inflation concerns, and hints from U.S. policymakers about potential monetary easing.

21.08.2024 11:08

Crypto Week: TRX Rally, Musk is Probing for Crypto Rally amid Short Squeeze Fears

Anton Bykov

Bitcoin (BTC) is trading neutrally this week at $59,400, despite a brief rise of 3.3% to $61,377 on August 20. The market received a significant boost when New York federal judge Edgardo Ramos denied the U.S. Securities and Exchange Commission's (SEC) request for a pre-trial conference or an additional response in its ongoing securities fraud case against the Tron Foundation and its founder, Justin Sun. This legal reprieve allowed Tron (TRX) prices to surge by 23.0% to $0.1660, nearing six-year highs at $0.1779, set back in April 2021.

19.08.2024 12:08

Weekly Focus: FOMC Minutes, Harris, Labour Market Review, and Jackson Hole Meeting

Alexander Boltyan

On Monday, the S&P 500 broad market index futures slipped by 0.2% to 5,554 points, marking a minor technical correction following last week's impressive rally—the best since November 2023. Despite this pullback, the index reached an all-time high of 5,570 points on the same day. This resilience, coming after the U.S. labor market’s weakness in July, might suggest underlying strength in the market. owever, the lack of confirmed support from large investors raises concerns, as the SPDR S&P 500 ETF Trust (SPY) has yet to report its fund flows during this critical time.

16.08.2024 11:08

Weekly Summary: Inflation Is Down, S&P 500 Up Ahead of Jackson Hole Meeting

Anton Bykov

The S&P 500 broad market index futures have surged by 3.6% this week to 5,543 points, marking an impressive recovery. This rise has erased the losses incurred following the release of the U.S. July labor market report, bringing the benchmark close to entering the green zone above 5,564 points, which would mark a positive trend since the beginning of August. If the upward momentum continues, this week could set a record for S&P 500 index growth since October 2023. The index has already rebounded nearly 9.0% since hitting a low of 5,089 points on August 5.