Forex Market Overview All market | Alexander Boltyan 4 April 2025

18.03.2024 10:03

Weekly Focus: All Eyes on Fed

The S&P 500 broad market index futures are up by 0.3% to 5140 points on Monday, indicating a recovery after a 0.7% slump on Friday. This decline marked the second consecutive week of negative performance for the index, but it appears more like a minor correction ahead of an important event. Investors are eagerly awaiting the Federal Reserve (Fed) decision on interest rates, scheduled for Wednesday.

08.03.2024 08:03

Weekly Summary: Nonfarm Payrolls

Alexander Boltyan

The S&P 500 broad market index added 0.3%, trading close to 5155 points. This could be considered a moderately good result after the benchmark lost 1.3% to 5058 points but managed to recover all losses. The U.S. stock market was impacted by the service sector PMI, which came out at 52.3 points, much higher than the expected 51.3 points. Federal Reserve (Fed) Chair Jerome Powell was rather hawkish during his testimony to Congress.

04.03.2024 11:03

Weekly Focus: Powell Testimony, ECB Meeting and Nonfarm Payrolls

Alexander Boltyan

The S&P 500 broad market index futures are trading neutrally at 5132 points at the beginning of the week, having established a new all-time high at 5140 points last Friday. Several signs are pointing towards a cooling of the American economy. The ISM Manufacturing Purchasing Managers' Index (PMI) in the United States dropped to 47.8 points from 49.1 points, contrasting with the Markit Manufacturing PMI that rose to 52.2 points from 50.7 points. Additional data revealed a decline in construction spending in January. The Michigan Consumer Sentiment Index for February dropped to 76.

23.02.2024 12:02

Weekly Summary: NVidia Drags Broad Market Up

Alexander Boltyan

The S&P 500 broad market index futures surged by 1.7% to 5067 points, marking a new all-time high. This record was driven by the exceptional Q4 2023 earnings report from NVidia. The chipmaker reported a 265% YoY increase in EPS compared to Q4 2022, and its optimistic forward guidance, particularly in the AI segment, led to a substantial rise in NVidia stocks, pushing the entire market up. NVidia's massive market cap of $1.91 trillion had a significant impact, causing the tech-heavy Nasdaq 100 to jump by more than 2.5%.

19.02.2024 11:02

Weekly Focus: S&P 500 Jitters at 5000 ahead of FOMC Minutes and PMIs

Alexander Boltyan

The S&P 500 broad market index futures have added 0.2% to reach 5008 points this week. However, the benchmark was near its all-time high at 5050 points last Friday but failed to sustain those levels. Investors expressed disappointment with the second set of inflation data released last week. The Producer Price Index (PPI) in the United States increased to 0.9% year-on-year (YoY), surpassing the consensus of 0.6% YoY. Monthly readings were at 0.3% month-on-month (MoM), above the expected 0.1%. In response to the news, U.S. 10-year Treasuries yields rose to 2.28% on Friday from 2.

09.02.2024 10:02

Weekly Summary: the S&P 500 at 5000, and January Inflation

Alexander Boltyan

The S&P 500 broad market index futures experienced a 0.9% rise, reaching 5000 points for the week, culminating in a new all-time high. The benchmark closed at 5000.40 points on Thursday, with the significance of reaching the round figure of 5000 being emphasized. Corporate profits for Q4 2023 have exceeded Wall Street forecasts, with over 60% of S&P 500 corporations having delivered their reports. More than 80% of these reports have presented results above expectations, surpassing the average of 67%.

05.02.2024 01:02

Weekly Focus: GDPNow, Inflation in China and Fed Officials

Alexander Boltyan

The S&P 500 broad market index futures are trading mostly unchanged at around 4952 points this week. The index posted a new all-time high at 4974 points last Friday despite a very strong U.S. labour market report for January. The report revealed that unemployment remained unchanged at 3.7%, missing expectations of 3.8%. Average hourly earnings rose by 0.6% MoM, exceeding the anticipated 0.3% and the 0.4% reported in December 2023. Most surprising was the Nonfarm Payrolls, unexpectedly adding 353,000 new jobs against the expected 185,000.

26.01.2024 01:01

Weekly Summary: S&P 500 Record Series Ahead of the Fed Meeting

Alexander Boltyan

The S&P 500 broad market index futures added 0.7% to 4875 points this week. Futures prices were higher at 4905 points, rising by 1.3% on Wednesday. The S&P 500 index itself was moving up smoothly with four consecutive records. So, the index has established a series of 5 records in a row if Friday 19 is included. Investors preferred to focus on positive news while ignoring negative developments. Netflix (NFLX) and Tesla (TSLA) stocks prices are moving in opposite directions after Q4 earning reports.

22.01.2024 12:01

Weekly Focus: ECB, PCE, U.S. GDP and First Big Tech Reports

Alexander Boltyan

The S&P 500 broad market index futures showed a modest increase of 0.2%, reaching 4854 points this week, following a noteworthy surge of 1.3% the previous Friday. The index set a new record at 4842 points, with the potential for more all-time highs soon. However, caution is advised among investors as capital outflows from the SPDR S&P 500 ETF Trust (SPY) persisted for the fourth consecutive week. Despite the ongoing upward momentum, investors are opting to take profits, overlooking potential buying opportunities.

12.01.2024 10:01

Weekly Summary: Elevated Inflation Doesn’t Deter Markets

Alexander Boltyan

The S&P 500 broad market index recorded a substantial increase of 1.5%, reaching 4768 points this week. Notably, on Thursday, the index experienced even more significant growth, rising by 2.25% to 4803 points, closely approaching the all-time high at 4819 points. Unexpectedly high figures for the Consumer Price Index (CPI) in the United States for December briefly interrupted the market rally. The CPI rose by 3.4% YoY, exceeding the expected 3.2% and surpassing November's 3.1% YoY. The monthly CPI also outperformed expectations at 0.3% MoM, compared to the consensus of 0.