Forex Market Overview All market | Alexander Boltyan 5 December 2025

03.10.2025 10:10

Weekly Summary: Shutdown Continues, while Stocks Climb Further

S&P 500 futures rose 1.4% to 6,736 points this week, advancing steadily toward the extreme target of 6,900–7,000. The benchmark set fresh all-time highs for three consecutive days, the latest record at 6,737. Even a 0.68% intraday dip to 6,628 points was quickly bought, with Wednesday’s session closing 0.50% higher at 6,705, marking the third straight day of gains. Investor appetite remains strong. Large players added $7.23 billion into the SPDR S&P 500 ETF Trust (SPY) this week, excluding Thursday and Friday, following last week’s $11.34 billion inflows.

29.09.2025 10:09

Weekly Focus: Last Chance to Avoid Shutdown in the U.S.

Alexander Boltyan

The S&P 500 broad market index futures rose by 0.5% to 6,678 points this week, successfully retesting resistance at 6,640 and significantly raising the probability of an extreme rally toward 6,900–7,000. Inflation data came in line with expectations, as headline PCE increased to 2.7% YoY in August from 2.6%, while core PCE, excluding food and energy, held steady at 2.9%. Combined with the upward revision of U.S. Q2 GDP to 3.8% QoQ from 3.3%, these results could support a more cautious Federal Reserve (Fed) stance.

19.09.2025 10:09

Weekly Summary: Awaiting Trump-Xi Call

Alexander Boltyan

S&P 500 broad market index futures rose 0.78% to 6,634 points this week, setting a new all-time high at 6,659. Prices have moved above the primary target at 6,600, and if the breakout of resistance at 6,610–6,630 is confirmed, an extreme rally toward 6,850–6,950 could follow. Tension, however, remains elevated. Federal Reserve Chair Jerome Powell attempted to cool enthusiasm after the central bank cut rates by 25 basis points and signalled two more cuts in 2025.

15.09.2025 10:09

Weekly Focus: Trump Is Again Attacking the Fed before the Key Meeting

Alexander Boltyan

S&P 500 broad market index futures are rising 0.10% to 6,590 points on Monday, trading just below the all-time high of 6,600, which also serves as a strong resistance level. A confirmed breakout above this threshold could trigger an extreme rally toward 6,850–6,950 points, but investors appear unwilling to commit ahead of the Federal Reserve’s (Fed) upcoming decision. Large institutional flows reflect this hesitation. The SPDR S&P 500 ETF Trust (SPY) recorded an outflow of $1.96 billion last week, reversing the $5.17 billion inflow seen earlier in the week.

05.09.2025 10:09

Weekly Summary: Investors Are Waiting for New Signs of U.S. Economy Cooling

Alexander Boltyan

S&P 500 broad market index futures gained 0.84% to 6,513 this week after touching a new all-time high of 6,521 points. Market attention is firmly fixed on the upcoming U.S. labour market report for August, a release seen as pivotal in shaping the Federal Reserve’s stance at its meeting in just ten days. A weaker-than-expected report would all but confirm 25 basis point interest rates cut, likely accompanied by dovish commentary that could leave the door open for another cut in October. In such a scenario, the S&P 500 would have scope to extend its rally.

01.09.2025 10:09

Weekly Focus: Tariffs Possible Rollback, PMIs, Fed Rotation and Nonfarm Payrolls

Alexander Boltyan

S&P 500 futures are trading steadily around 6,464 this week, showing resilience after Friday’s sell-off. Investors are assessing the risks linked to a judicial reversal of President Donald Trump’s tariffs after the U.S. Court of Appeals ruled them unlawful. The White House has pledged to appeal to the Supreme Court, with a final verdict due in October. Until then, the levies remain in place. Trump argued on Truth Social that without tariff revenues it would be “game over” for the U.S.

22.08.2025 10:08

Weekly Summary: Powell and Trump to Close the Week

Alexander Boltyan

S&P 500 broad market index futures fell by 1.0% to 6,378 points this week, touching lows at 6,343, near the 6,310–6,330 support zone. The index ended each session in negative territory, apart from a modest 0.10% gain on Friday. Investor attention is firmly on Federal Reserve (Fed) Chair Jerome Powell’s upcoming speech at Jackson Hole on Friday, which is expected to outline the central bank’s policy direction. While speculation exists about a longer-term framework review, market participants are primarily focused on the near-term outlook for interest rates.

18.08.2025 10:08

Weekly Focus: Europe-U.S. Peace Summit, FOMC Minutes, and Powell at Jackson Hole

Alexander Boltyan

S&P 500 broad market index futures are trading neutrally around the 6,445 level on Monday, holding steady after a modest pullback. The benchmark briefly reached a new all-time high of 6,486 points before closing last Friday down 0.35% near 6,446, likely in response to weaker-than-expected U.S. retail sales for July. Growth slowed to 0.5% MoM from 0.9%, a reading that is broadly acceptable as it reflects disinflationary pressure while still demonstrating underlying economic strength. Wall Street had expected a 0.6% MoM increase.

08.08.2025 10:08

Weekly Summary: Ukrainian Breakthrough, Fed Turns More Republican

Alexander Boltyan

The S&P 500 broad market index rose by 1.8% to 6,356 points this week, slightly retreating from Thursday’s high of 6,401. However, this rebound is not enough to invalidate the technical correction scenario toward the 6,030–6,130 range. Large investors appear to be positioning for further downside. The SPDR S&P 500 ETF Trust (SPY) recorded net outflows of $10.4 billion this week, an unusually high figure for the summer that signals a deeper seasonal correction may be underway. Historical performance data supports this view.

25.07.2025 11:07

Weekly Summary: New Records Ahead of the Fed Meeting

Alexander Boltyan

S&P 500 futures climbed 1.2% to 6,368 points this week, marking four new all-time highs. The current peak stands at 6,385, and momentum suggests further upside is possible, with the 6,450 level now in play. The rally was fuelled by a string of supportive developments. U.S. Treasury Secretary Scott Bessent publicly backed Fed Chair Jerome Powell, while President Donald Trump announced a “big deal” with Japan.