Last week, two events dominated the price action in financial markets – the US inflation and Fed Chair Powell’s semiannual testimony. Both brought a new perspective to market participants, but summer trading conditions eventually prevailed. Namely, despite the rising inflation environment and ...
Bitcoin started the year around $30,000, and now the level acts as support. The euphoria surrounding the cryptocurrency market ended with a 50% decline in the price of Bitcoin and, in some cases, with more. In the first quarter of the year, Tesla announced that it invested $1.5 billion into ...
One of the most interesting divergences in financial markets formed recently. The price of oil remains stubbornly elevated, closing the previous week above $75 per one barrel, despite ongoing dollar strength. Since April 2020, the price of oil has come a long way. It dipped below the zero level ...
Financial markets reversed their initial reaction after the latest FOMC Statement and press conference. In the two days that followed the June Fed meeting, the US dollar gained ground significantly against its peers in the developed world. As such, the EURUSD fell from above 1.22 to 1.1850, the ...
Last Wednesday, the Federal Reserve of the United States (Fed) took financial markets by surprise. It delivered a hawkish message, as suggested by the dot plot that showed two possible rate hikes in 2023, rather than just one as the market participants expected. As a reminder to all traders and ...
The US inflation data for the month of May was released last week. The data came out at the same time as the European Central Bank started its monetary policy meeting last Thursday. Because the two events were the main events of the trading week, the markets did not move in the prior days. In ...
The US dollar reacted strongly to the June NFP report released last Friday and declined across the board. The US economy added fewer than expected jobs in May, but the unemployment rate declined to 5.8%. The reaction in the dollar may have come as a result of traders and other market ...
Gold has long played an important role in financial markets. It is the only form of money that survived for millenniums, and investment managers value it as a hedge against inflation. Inflation is on everyone´s lips nowadays. In April, the Consumer Price Index (CPI) in the United States has ...
Over the weekend, the cryptocurrency market took another tumble. Bitcoin fell more than 10% and tested the $32k level before bouncing. Also, Ethereum and other cryptocurrencies have lost more, with most of the coins down over 50% in April. It all started with Elon Musk, the CEO of Tesla, ...
Last Wednesday, the Consumer Price Index (CPI) in the United States showed that inflation runs hot in the largest economy in the world. On expectations of an increase of 0.2% on a monthly basis, the headline CPI came out four times higher. Moreover, the Core CPI, which tracks the changes in the ...
