Forex Market Overview All market | Anton Bykov 5 December 2025

14.11.2025 12:11

Weekly Summary: S&P 500 Is Shrouded in Fog of Data Uncertainties

S&P 500 futures have declined by 0.34% to 6,717 points this week. The benchmark is deteriorating despite the end of the U.S. government shutdown and signs of pent-up demand building in the U.S. economy. Market participants are hesitant, afraid of making wrong moves amid extremely poor visibility. A fog of missing data has settled over the markets. As soon as the U.S. House of Representatives passed the bill for temporary government funding, a hunger for unpublished economic reports strike the markets.

07.11.2025 11:11

Weekly Summary: Stock Market Is Looking Further Down

Anton Bykov

S&P 500 broad market index futures declined by 1.5% to 6,736 points this week. The benchmark was falling for the five days out if the last seven trading days. This is a clear sign of weakeness. The index retreated 2.7% from its all-time high of 6,922 points. The drop reached 3.1% at some point. Another 1.9% decline could have completed a standard 5% correction. So far, there are no clear signs for a rebound. Instead, concerns about an AI sector bubble are gaining traction. First, major banks highlighted overvaluation risks.

31.10.2025 11:10

Weekly Summary: Amazon and Other Tech Giants Keep the Market Records

Anton Bykov

S&P 500 index futures have gained 1.14%, rising to 6,867 points this week. However, the benchmark has closed lower for two last consecutive days. On Friday, the decline could have accelerated, but solid corporate earnings released just before the day kept downside pressure in check. For five straight trading sessions, the index set new all-time highs, with the latest peak reached on Thursday at 6,922 points. The market once again followed a classic “sell the news” pattern and revealed its primary driver over the past weeks: U.S.-China trade negotiations.

24.10.2025 11:10

Weekly Summary: S&P 500 Is Playing King of the Hill While Awaiting U.S. Inflation Data

Anton Bykov

The S&P 500 index futures rose 1.2% to 6,753 points this week, moving within sight of their all-time high at 6,765 as the benchmark pushes to set a new record. A fresh peak could be sparked by volatility surrounding the release of September U.S. inflation data (CPI). Markets remained tense throughout the week. Initial optimism following President Donald Trump’s conciliatory comments on China quickly gave way to disappointment as key corporate results underwhelmed.

17.10.2025 10:10

Weekly Summary: Powell Goes Dovish, while China Responds Trump Carping

Anton Bykov

S&P 500 broad market index futures rose by 0.8% to 6,562 points as conciliatory remarks from U.S. President Donald Trump briefly pulled the market back from the brink. The respite, however, proved short-lived, and sentiment remains fragile, with investors once again peering over the edge. The benchmark has yet to complete a standard correction of 5–10%, which would place it around 6,427 points. Last Friday’s sharp sell-off pushed the index to a low of 6,495, and below that level, the primary target within the current bearish technical structure stands at 6,300–6,400 points.

13.10.2025 11:10

Weekly Focus: Trump Squeeze, Powell and Q3 Earning Report Season Start

Anton Bykov

The S&P 500 broad market index futures rose by 2.5% to 6,642 points on Monday, recovering after a sharp decline on Friday when the benchmark plunged 3.5% to 6,495 points in a single session, its lowest level since 9 September. More importantly, the path toward the upside extreme target of 6,900–7,000 has been blocked, shifting sentiment to the downside. The base target in the new bearish formation lies at 6,380–6,480 points, and given the large price gap at 6,508, another attempt to revisit this level appears likely in the near term.

10.10.2025 09:10

Weekly Summary: Powell Steps Back Ahead of Possible Inflation Release

Anton Bykov

S&P 500 broad market index futures rose 0.4% to 6,743 points this week, continuing their advance toward the extreme target of 6,900–7,000 points while pressing against the resistance zone at 6,720–6,740. Once this level is cleared, the rally is expected to accelerate. Federal Reserve (Fed) Chair Jerome Powell stepped back from public appearances this week, cancelling his anticipated policy remarks at a banking conference on Thursday and delivering only a brief welcome address with no reference to monetary policy. In hindsight, this may have been the most prudent move. The U.S.

08.10.2025 11:10

Crypto Week: U.S. Shutdown and Weak Labour Market Support Crypto

Anton Bykov

Bitcoin (BTC) declined by 0.4% to $122,220, though the benchmark cryptocurrency has successfully broken above the resistance at $117,000–$120,000 and retested it, signalling strong potential for further gains. October, traditionally the best month for crypto markets, has already delivered a 7.0% rise for BTC, peaking at 10.0% earlier in the month. Historically, Bitcoin posts an average October increase of 21.0%, which in the current context could mean another 13.0% upside, targeting around $138,000. This outlook remains highly encouraging despite, or, perhaps, because of the ongoing U.

06.10.2025 12:10

Weekly Focus: FOMC Minutes, Powell and Possible Nonfarm Payrolls

Anton Bykov

S&P 500 broad market index futures rose 0.4% to 6,738 points, keeping the benchmark firmly on course toward its extreme target of 6,900–7,000. Trading opened with a gap on Monday, up from Friday’s close at 6,713 points, suggesting a potential pullback to close the gap before the upward move resumes. U.S. markets ended last week under pressure from weakening services sector data. S&P Global’s September Services PMI slipped to 54.2 from 54.5, slightly better than the forecast of 53.9, while the ISM reading dropped sharply to 49.9 from 55.0, its lowest level since June 2024.

01.10.2025 10:10

Crypto Week: U.S. Government Shutdown. EFT Outflows and Hopes for Uptober

Anton Bykov

Bitcoin (BTC) rose 3.3% to $114,500 this week, rebounding from the $107,000–$110,000 support zone despite the U.S. government shutdown and now approaching resistance at $117,000–$120,000. The shutdown became official at midnight on Wednesday after U.S. President Donald Trump’s meeting with congressional minority leaders on Monday ended without agreement and lawmakers failed again on Tuesday to pass a temporary funding bill. The last shutdown under Trump in December 2018–January 2019 lasted 35 days, the longest in U.S. history, and pushed BTC down about 6.