Analytické recenze forexového trhu

02.10.2023 12:10

Weekly Focus: U.S. Government Shutdown Suspended, Non-Farm Payrolls Expected

Investors made a deep sigh of relief as U.S. government shutdown threat was suspended last weekend. A shutdown is still possible, but only after November 17. It seems more like a miracle as the Congress came together on Sunday to avoid a government shutdown. This effort could cost House Speaker Kevin McCarthy his job after he ignored demands from hard-line Republicans and pushed a stopgap spending bill with a help of Democrats. So, the government has now enough funding to work in the nearest 45 days. Markets were mostly demonstrating calm reaction on the news with U.S.

29.09.2023 01:09

Weekly Summary: The Shutdown is Close, the Dollar Retreats

Alexander Boltyan

U.S. stocks are closing this month and the third quarter in the negative zone. There are signs of a possible recovery after Federal Reserve (Fed) members have eased hawkish rhetoric of the regulator. Minneapolis Fed President Neel Kashkari said that a U.S. government shutdown or a prolonged strike by workers of the automotive industry may cool the economy down. So the Fed will have to do nothing more to slow it down.

27.09.2023 02:09

Crypto Week: U.S. Lawmakers Push SEC to Approve spot Bitcoin-ETF

Anton Bykov

Bitcoin is mostly unchanged at $26,600 per coin this week. However, it is still below it highs of the last week demonstrating strong correlation with the stock market. The 5% rise of Bitcoin prices in September was interrupted after the Federal Reserve (Fed) announced its hawkish interest rates dot plot forecast. The S&P 500 broad armlet index and Nasdaq 100 indexes lost around 3.5% since last Wednesday. The same could be said about the benchmark cryptocurrency up until early Wednesday. The decline of Bitcoin prices has also a strong correlation with the U.S. debt market. The U.S.

25.09.2023 02:09

Weekly Focus: Powell and U.S. Inflation

Alexander Boltyan

The September of 2023 joined the long row of September months that has brought a correction to the stock markets. The S&P 500 broad market index already lost 4.2% since the beginning of September, and may continue to dive unless the Federal Reserve’s (Fed) Chief Jerome Powell or August inflation data would provide some support to the markets. The S&P 500 index rests on the strong support at 4290-4310 points. A breakthrough of this level this week is unlikely. So, Powell and Core PCE Index need to deliver a minor help for the index to remain above this threshold.

22.09.2023 01:09

Weekly Summary: The Fed Thunders Markets

Anton Bykov

There is a real mayhem in the markets. The S&P 500 broad market index this Thursday made its worst performance since March 2023. It lost 1.8% in a single day extending its weekly drop to 2.8%. U.S. debt market is suffering as yields went sky high. U.S. 10-year Treasuries yields surged to 4.50%, the highest since 2007. Last year, when the yields for the same 10-year bonds reached 4.36% British pension system was on the verge of collapse. European debt market was very close to collapse too. Bank of England came a savior then extending unlimited credit line to pension funds.

20.09.2023 12:09

Crypto Week: Japanese Jump of BTC and Mind Blowing 527,000% in ETH

Anton Bykov

Bitcoin prices are adding moderate 2.3% to $27,000 per coin this week. This is not a major development, but the reason for it is very interesting. First, Japanese government is planning to allow startups to offer digital tokens to venture funds in exchange of investments, according to Nikkei. This is not a major driver, as BTC prices have not reacted on the news. They even dropped by 0.4%. The second news was much more intriguing for the market.

18.09.2023 01:09

Weekly Focus: Central banks’ Challenges and Rising Crude

Anton Bykov

Last week closed very alarming. Triple witching Friday made its trick sending the S&P 500 index down by 0.2% to 4450 points. This came in a very complex situation that may send stocks downside. A possible government shutdown in September may curb the U.S. GDP by 0.6%. Rising crude prices may instigate inflation. All this could be amplified by political tensions in the United States ahead of presidential elections. In this situation the Federal Reserve (Fed) has to support markets with dovish rhetoric.

15.09.2023 02:09

Weekly Summary: Booming China’s Economy and Brent Crude above $94

Alexander Boltyan

This week was very dynamic and interesting. Positive macroeconomic data in the United States and China improved investors’ sentiment. The S&P 500 broad market index added 1.0% to 4500 points, Brent crude prices rose by 4.0% to $94.00 per barrel. The U.S. Dollar surprisingly strengthened instead of going into correction, but signaled a possible reversal. Apple has mostly disappointed investors. Many consider R&D efforts by Apple ineffective. Elon Musk called adoption of USB Type-C for iPhone 15 “amazing”. Apple stocks went down by 1.5-2.

13.09.2023 03:09

Crypto week: The market is in Fever

Anton Bykov

Bitcoin prices is barely unchanged since the beginning of the week, but prices were experiencing strong ups and downs. Prices added marginal 0.2% and are moving around $26,000 per coin. FTX submitted a revised order to the bankruptcy court on September 13 outlining proposed guidelines for selling and transferring its substantial digital asset holdings. According to this filings assets sales of Bitcoin and Ethereum would be limited to $50 million weekly for the first couple of weeks, rising to $100 million weekly after that. FTX has $1.

11.09.2023 02:09

Weekly Focus: the Rise of Yuan, Apple Show, Inflation in the U.S. and ECB Meeting

Alexander Boltyan

This week is going to be tense with everyday interesting events. The beginning of the week was marked with important news too, including from the China’s central bank. Bank of Japan Governor Kazuo Ueda said the central bank could end its negative interest rate policy by the end of 2023. The Yen jumped 0.7% in the news. China’s central bank has warned speculators and issued forceful guidance to investors with its daily reference rate. It will take action to correct one-sided moves in the market whenever it’s needed and they are confident in keeping the yuan stable.