Forex Market Overview All market | Alexander Boltyan 9 April 2025

11.08.2023 12:08

Weekly Summary: The Correction is Likely to Continue

The S&P 500 broad market index end the week on a negative territory despite some optimism in the beginning of it. The index lost overall around 0.2% to 4460 points, but it is likely that it would continue down amid overall nervousness in the market. The inflation in July in the United States that was released this week had minor effect on stocks despite rising headline inflation and slowing down core inflation that is calculated without volatile food and energy prices. All number were almost in line with expectations without major surprises.

07.08.2023 12:08

Weekly Focus: Investors Think About the Correction Waiting for Inflation

Alexander Boltyan

The S&P 500 broad market index dropped 2.5% to 4480 last week as investors were digesting U.S. labour market report for July. This data is mixed as unemployment level was down to 3.5% from 3.6% in June, while Non-Farm Payrolls were at 187,000 missing expectations at 200,000. It seems that U.S. labour market is cooling very slow, as wages continue to rise at the same pace. The American economy is strong despite rising borrowing costs, and inflation continue to be high. Thus, U.S.

31.07.2023 11:07

Weekly Focus: Non-Farm Payrolls, Many Macro Data Accompanied by Apple and Amazon Q2 Reporting

Alexander Boltyan

Stocks continue up last week after Personal Consumer Expenditure (PCE) Index slowed down to 3.0% YoY in June, beating a forecast at 3.1%. This is a significant slowdown from 3.8% in May. Retail investors are seem to be strongly inspired as the S&P 500 broad market index rose by 0.9% to 4583 points last Friday. Institutional investors, however, are still captivated by correction fears, as U.S. debt market is moving neutral. The S&P 500 index has mostly exhausted its upside potential. The only upside target remaining is at 4660-4680 points, or another 1.5-2.0% up.

21.07.2023 11:07

Weekly Summary: Markets are Almost Ready for Fed and ECB Meetings

Alexander Boltyan

Investors have been preparing this week for the Federal Reserve (Fed) and European Central Bank (ECB) monetary policy meetings that are scheduled for the last week of July. Many are convinced the upcoming expected interest rates hikes by two major regulators would be the last during this this cycle. Such expectations makes these meetings of paramount importance. There were no major changes in existing trends this week. Weak China’s economic recovery data was contributed by weak retail sales in the United States that rose 0.2% in June missing consensus of 0.5%.

07.07.2023 02:07

Weekly Summary: U.S. Labor Market Adds More Fed Tightening

Alexander Boltyan

The first week of July ends on a rather pathetic note. The S&P 500 broad market index is declining by 0.9% to 4408 points. But the worst came from the debt market as the yields are rising across the entire debt yield curve. The U.S. 10-year Treasuries’ yield peaked 4.09% this week, while the 2-year Treasuries’ yield surged to 5.10%, the highest since 2007. Tis made the inversion of the debt yield curve the largest since 1981. Strong macroeconomic data pushed the yields up. Services PMI in the United States came out surprisingly strong at 54.4 points vs 54.

03.07.2023 04:07

Weekly Focus: FOMC Minutes and U.S. Labour Market

Alexander Boltyan

Last week ended with a big surprise after the Personal Consumer Expenditure Index (PCE) dropped sharply to 3.8% in June against 4.6% in May. This pushed the S&P 500 broad market index up by 1.2% to 4453, and provoked the largest intraday spike since April 2022 of 1.5%. Surprisingly, a sharp drop in inflation has not changed investors’ perception of the monetary policy of the Federal Reserve (Fed).

23.06.2023 11:06

Weekly Summary: “Hawks” Are Bombarding Markets

Alexander Boltyan

The S&P 500 broad market index lost around 1.0% to reach 4360 points during this week. Brent crude prices were down by 4.5% to $72.96, while the U.S. Dollar index gained 0.8%. Risky assets are seen to be attacked by “monetary hawks” from leading central banks. Firstly, the Federal Reserve’s (Fed) chair, Jerome Powell, confirmed its hawkish stance of further rising interest rates by 0.25 percentage points two more times this year. The Bank of England (BoE) then delivered an unexpectedly high-rate increase of a 0.50 percentage point after consumer inflation in May remained at 8.

19.06.2023 05:06

Weekly Focus: The Market is Waiting for Powell to Guide It

Alexander Boltyan

Activity in the markets has slowed down amid the long weekend in the United States, and investors see no reasons to push prices in either direction. So, they moved close to the levels where they finished last Friday. Triple Witching passed smoothly without any major disturbances. The S&P 500 broad market index edged lower to 4407 points and the currency market is mostly unchanged. Oil prices are moving independently up by 1.0% to $76.40 per barrel of the Brent crude benchmark.

09.06.2023 12:06

Weekly Summary: All Eyes on Inflation and Fed Meeting Next Week

Alexander Boltyan

Investors seem to be putting everything on hold this week as they are waiting for further market drivers to emerge. These drivers are primarily associated with the publication of the set of inflation data and the long awaited decision of the Federal Reserve (Fed) on its interest rates. Brent crude prices failed to breakthrough above $78.80 per barrel, and after a short pause dropped to $73.60.

05.06.2023 12:06

Weekly Focus: Fed’s Blackout, Oil Prices Up

Alexander Boltyan

Investors remained alarmed last weekend as the Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, speeded up the tempo to make additional cuts in global oil production. Saudi Arabia introduced another oil production cut of one million barrels per day starting from July for at least one month with a possible extension. Some may describe these gestures from Saudi Arabia as rather formal as Riyadh is already producing oil below its formal quota. However, crude prices did indeed go up on Monday, opening with a huge gap at $77.76 per barrel.