Analytical reviews of the Forex market

04.10.2024 11:10

Weekly Summary: Nonfarm Positive Vibes

S&P 500 futures are down 0.5% this week, trading at 5713 points, recovering from a midweek low of 5672 points. Investors are now focusing on the upcoming September Nonfarm Payrolls report, which is expected to show positive results. The upside scenario for the S&P 500 index, with extreme targets of 6100-6200 points, remains possible if the index holds above the 5790-5810 point range. Large investors seem to be leaning towards this outcome, as the SPDR S&P 500 ETF Trust (SPY) saw net inflows of $19.8 billion last week and another $1.

02.10.2024 11:10

Crypto Week: Record September, Powell U-Turn, Geopolitical Uptober

Anton Bykov

Bitcoin (BTC) prices have dropped by 6.6% to $61,600, though they have rebounded slightly from their weekly low of $60,130. This places BTC dangerously close to breaching the key support level of $60,000-62,000, marking an unexpectedly negative start to "Uptober," a month traditionally known for its strong performance in the crypto market. Historically, Bitcoin has gained an average of 20.0% in October and as much as 27.5% in October over the last four years. This contrasts sharply with the 6% decline on the first day of this October.

30.09.2024 12:09

Weekly Focus: PMI and Nonfarm Payrolls

Alexander Boltyan

The S&P 500 futures are down 0.3% to 5720 points this week but remain close to the all-time high of 5773 points. The index may set a new record soon, potentially activating a bullish scenario toward extreme targets of 6100-6200 points. Technically, the index needs to break through the 5790-5810 point range to gain further momentum. Large inflows into the SPDR S&P 500 ETF Trust (SPY), totaling $17.4 billion last week, are a positive sign. Historically, such inflows have pushed the index up by as much as 3.6%, which could take the index above 5900 points.

27.09.2024 10:09

Weekly Summary: New Peak for S&P 500 and Inflation

Anton Bykov

S&P 500 broad market index futures are rising by 0.6% to 5739 points this week. The benchmark has set a new all-time record at 5773 points and is very close to pass the resistance at 5700-5800 points. Large investors appear to be targeting extreme levels between 6100-6200 points. Recent fund flows into the SPDR S&P 500 ETF Trust (SPY) reinforce this view, with revised net inflows of $4.1 billion last week and another $13.8 billion this week— the highest since June.

25.09.2024 11:09

Crypto Week: U.S. and China Begin Monetary Easing, BTC Is Ready for a Rally, Harris Supports Crypto

Anton Bykov

Bitcoin (BTC) is up by 1.8% to $63,900, pulling back slightly from a high of $64,793 this week. Traders are closely watching the resistance at $65,000–$66,000, which could signal the start of a more significant rally. The rally, however, may have already begun when Bitcoin broke through the $60,000–$62,000 resistance, following the Federal Reserve's (Fed) half-point interest rate cut. This action has boosted risky assets like cryptocurrencies, with Bitcoin jumping after the Fed's decision.

23.09.2024 11:09

Weekly Focus: PMIs, U.S. GDP and PCE, Fed Comments

Anton Bykov

The S&P 500 futures have risen by 0.2% to 5713 points, approaching the all-time high of 5734 points. However, further upward movement is challenging as the index has already hit its initial 5700-5800 point target range. Investors are cautious, expecting a possible sideways pattern near the resistance at 5700 and a potential slight retreat by week's end. The focus remains on the Federal Reserve's surprise half-point rate cut, with optimists seeing this as a step toward a soft landing for the U.S. economy.

20.09.2024 12:09

Weekly Summary: Triple Witching and Possible Stock Market Peak

Alexander Boltyan

The S&P 500 broad market index futures have risen by 1.4% to 5705 points, marking a new all-time high, driven by the Federal Reserve’s surprise half-point interest rate cut on Wednesday. Investors are optimistic about a potential soft landing for the American economy, drawing parallels to 1995, when a similar easing cycle boosted markets. However, there are significant differences this time around, suggesting risks. In 1995, the Fed started cutting rates with a quarter-point reduction, while this time, the cut was a half-point after 13 months of unchanged rates.

18.09.2024 09:09

Crypto Week: Trump Crypto, Bitcoin Is Set to Rally after the Fed Meeting

Anton Bykov

Bitcoin (BTC) is up by 3.0% to $61,326 this week, marking its highest level since August 27, after briefly dipping to $57,459 on Monday. The surge is driven by several factors, including news surrounding Republican nominee Donald Trump's new crypto venture, World Liberty Financial, which he announced after an apparent assassination attempt. This new venture, led by his sons, aims to offer DeFi services focused on borrowing, lending, and trading cryptocurrencies. Certainly, such new prominent projects in the crypto industry inspired crypto enthusiasts.

16.09.2024 11:09

Weekly Focus: Faulty Signals Ahead of the Fed

Alexander Boltyan

The S&P 500 futures are trading neutrally at 5626 points, slightly below Friday’s close of 5636 points, but still near the all-time high of 5670. Investors remain focused on this week’s key events, particularly the Federal Reserve's anticipated interest rate decision on Wednesday, which could shape market direction. Donald Trump's close encounter with an apparent assassination attempt at his golf club in Florida on Sunday failed to impact market sentiment, as the upcoming Fed meeting holds investors' attention. The Fed is expected to cut rates by 0.

13.09.2024 11:09

Weekly Summary: S&P 500 Strong Recovery Ahead of Fed Meeting

Anton Bykov

The S&P 500 futures have surged by 4.0% to 5607 points, edging closer to the all-time high of 5670. Stocks are rapidly climbing, similar to early August, after an initial 10% decline. This time, the correction was only 4.8%. The primary catalyst was August's U.S. inflation data, which showed a Consumer Price Index (CPI) increase of only 2.5% YoY, down from 2.9% in July, marking the lowest level since March 2021. This decline is seen as a potential prompt for the Federal Reserve to cut interest rates in its upcoming meeting. However, the reaction on this data was rather strange.