XBTFX

XBTFX

The 10Y US Treasuries reacted to jobs figures data posted on Friday. The data were somewhat mixed. On one side, unemployment for May showed an increase to 4.0% from 3.9% posted for the previous month. On the other hand, the non-farm payrolls with 272K jobs added, significantly surpassed market expectations of 190K. The market is expecting for the jobs market to...

XBTFX

The price of gold was holding during the week, reaching its highest weekly level at $2.380. However, Friday`s trading session brought some negative sentiment to this market, which was both impacted by the US jobs data and moves from China. Namely, on one side the US posted data showed further weakening of the US jobs market, where the unemployment rate was...

XBTFX

Increasing unemployment is not suggesting that the economy is in its perfect shape, however, under current circumstances, markets are reacting positively to such news. This comes from their optimistic view that the rise in unemployment would push Fed officials to decrease interest rates and in this sense, create better conditions for the future growth of the...

XBTFX

The non-farm payrolls figures were in the market focus during the previous week, when macro data are in question. Surprisingly, they have been increased to the level of 272K, in May, much higher from the market expectations of 185K, and from 165K posted for the previous month. The unemployment rate in the US reached the level of 4% in May, from 3.9% for the...

XBTFX

Previous week was the one devoted to macro data. There has not been much developments on the crypto market fundamental side which impact the market sentiment. The US jobs data were the ones that shaped investors sentiment, in which sense, investors were more oriented on traditional markets. The price of BTC was moving again in a relatively short trading range,...

XBTFX

Last week in the news Macro fundamentals were the ones that significantly moved markets during the previous week. The US jobs data were the ones that strongly pushed market expectations that the Fed might cut interest rates during the course of this year. The US Dollar gained during the week, while the price of gold sharply dropped to the level of $2.293. US...

XBTFX

The 10Y US Treasuries exhibited some higher volatility during the previous week. Nervousness prior to the release of the PCE data was evident, when yields reached their highest weekly level at 4.62%. However, as the PCE was fully in line with the market expectations, yields cooled down a bit until the level of 4,50% for one more time. Shifts in investors...

XBTFX

Last week the price of gold was moving within a relatively short range. The highest-lowest levels were $2.360 and $2.320. The US PCE data showed no difference from current market expectations, in which sense, the market continued to price currently known facts, and it came without too much change in levels from the previous period. Still, concerns over the next...

XBTFX

The S&P 500 Index saw modest gains during the previous week, closing the month at the level of 5.277. The index marked an increase of 4.8% for the month. The index started the week with some volatility, starting the week with a decline to 5.306, then rebounded and maintained a generally positive trajectory. Still, year-to-date, the index gained 11.3% reflecting...

XBTFX

The Fed's favourite inflation gauge, PCE Price Index, was standing at 2.7% in April, exactly in line with market expectations. Core PCE was 2.8%, without a change from the previous month. Core PCE was increased by 0.2% on a monthly basis, while PCE index was up by 0.3% for the month. The US CB Consumer Confidence in May was at level of 102.0 much higher from...

XBTFX

The story about the first ETH ETF continues to shape the crypto market sentiment for the second week in a row. SEC made its initial approval, but the question still stands when they will approve the first ETF to be officially listed. In this sense, the market took a moment to reflect on this information, so the BTC trading was a bit left behind the spectrum of...

XBTFX

Last week in the news The potential timing of the approval of the first ETH ETF and the US inflation data continues to be the major focus of investors on financial markets. The crypto market went into relatively quiet mode during the previous week., while the major developments were on the side of traditional markets. The S&P 500 managed to finish May 4.8% higher...

XBTFX

From week to week investors are shaping the sentiment in line with the latest available data on the US inflation and probability of when the Fed might make its first rate cut during the course of this year. Expectations from the first quarter of this year are turned toward September, where the CME FedWatch Tool is now showing that traders are currently pricing...

XBTFX

Mostly a strong demand for gold from China`s investors pushed the price of gold 13% higher during the course of this year, but as the market has stabilised, the investors are turned to the estimate of potential Fed's rate cuts during the course of this year. Previous week was the worst one for the price of gold for the last five months. There has been a sharp move...

XBTFX

During the week the S&P 500 experienced a mix of gains and losses, reflecting a generally volatile period. The index opened the week at 5.305 and closed it at 5.304. Highest weekly level reached was 5.335 in Thursday's trading session. Although the index gained only 0.03% for the week, still, Friday's trading session brought 0.7% in daily earnings, supported...

XBTFX

Durable Goods Orders in April were 0.7% higher from the month before, and significantly higher from market forecast of -0.8%. Durable goods orders excluding transportation were standing at 0.4% for the month in April. Michigan Consumer Sentiment final for May was 69.1, higher from market estimate of 67.5, but still lower from the previous month`s 77.2. Michigan 5...

XBTFX

The story about the ETH ETF approval marked the previous week, and left BTC aside from investors' view during the second half of the week. However, both volatility and liquidations were significant. First, BTC was strongly shifted toward the level of $71.410 from $66.225, and then the price started its decline toward the level of $66.8K. As per news, there has...

XBTFX

Last week in the news The most important weekly news comes from the crypto market, as the SEC approved ETH exchange traded funds. The price of both ETH and BTC experienced high volatility during the week, with BTC ending the week above the $69K. The pricing of the first Fed rate cut modestly impacted the 10Y Treasury yields, however the price of gold reacted...