Forex Market Overview All market | Anton Bykov 9 April 2025

07.12.2022 10:12

Crypto Week: A Break Before the Slump

After tech giant Apple Inc. attacked the crypto market by demanding that the market pay 30% of the revenues generated using Apple’s ecosystem, led to the stop of NFTs being sent via the Coinbase wallet using the iOS application. Apple attributes this percentage as the amount of money it needs to pay for the gas fee (an Ethereum blockchain transaction fee) to send NFTs. Coinbase compared such a demand to the commission charged for sending emails via the Apple platform. SushiSwap’s new CEO, Jared Grey, says that the exchange has 1.

30.11.2022 10:11

Crypto Week: Bitcoin Is Drifting Just Before a Downslide

Anton Bykov

Bitcoin is drifting within a narrow range as no negative drivers seem to be emerging at the moment. But the overall forecast for Bitcoin to dive towards $10,000 per coin is intact. We may see a short spike at $18,000 where bulls would be completely exhausted just before a slide.

28.11.2022 11:11

Weekly Focus: Protests in China, Powell, Non-Farm Payrolls, and More

Anton Bykov

This week started with a bit of a startle as mass protests erupted in China against the zero tolerant COVID-19 policy. Students in Shanghai and Beijing called on Xi Jinping to resign. The Kuomintang, the opposition of the ruling party that is pro-independence of Taiwan, won local elections on the separatist island over the weekend. Markets are reacting by lowering their appetite for risk. The S&P 500 broad market index futures fell by 0.5-0.8%.

23.11.2022 11:11

Crypto Week: Snowball Effect Is Piling

Anton Bykov

The crash of FTX cryptocurrency exchange has hit the crypto market hard. Not only has it greatly affected retail investors but also large market players who had invested their funds with FTX or who had invested largely in native tokens. The scale of the aftershock caused by the manipulation of the founder of FTX, Sam Bankman-Fried, has not yet been felt but when it is finally felt in all its glory, it may shake markets for a long time to come.

18.11.2022 10:11

Weekly Summary: Positive Sentiment Is Fading

Anton Bykov

Positive sentiment in the markets is seen to be fading after the S&P 500 broad market index reached its highs last seen on September 14 at 4041 points. The end of the week overshadowed this optimism as the index dived below opening levels on Monday, testing the support level at 3900 points. This week markets were supported by lower than-expected inflation numbers in the United States (7.7% in October vs 8.0% expected) that were released a week ago and the Producer Price Index (PPI) that came out to be 8.0% compared to 8.3% in September.

16.11.2022 09:11

Crypto Week: The Market Continues to Suffer from FTX Crash

Anton Bykov

The market is currently suffering for a second time following the LUNA’s downfall and subsequent misfortune of the companies attached the cryptocurrency.. The sudden bankruptcy of FTX crypto exchange initiated a domino effect across the entire crypto world. Everybody involved has suffered, starting from large crypto funds, such as, Galaxy Digital and Paradigm, to ordinary clients of the exchange. The latter tried to withdraw their funds in every way possible, including via TRX tokens, whose prices sky-rocketed above $2 within FTX, while trading at $0.5 on other exchanges.

14.11.2022 01:11

Weekly Focus: G20, U.K. Budget, and Retail Sales in the U.S.

Anton Bykov

This trading week is expected to be less tense than the two previous ones. It looks like markets may have a short break before a new wave of sell-offs could begin in December. The S&P 500 broad market index may dive below 3000 points by the end of 2022, that would mean a 25% off the current values at 3980 points. The decline, however, could be much deeper and may continue through January-February 2023. The G-20 Summit will begin on Tuesday in Indonesia, with the main focus being on the meeting between the leaders of the U.S. and China, Joe Biden and Xi Jinping.

09.11.2022 09:11

Crypto Week: Clash of Crypto Exchanges and FTX Surrender

Anton Bykov

There is no reason for a rally in the crypto market to occur both from a technical and a fundamental point of view. Rising costs of borrowings is dumping down the price of digital assets but something more is needed to push Bitcoin prices below $18,500 per coin. This something has suddenly emerged. A few days ago, Binance tweeted that it is going to pull out of FTX and sell its holdings in the firm after some undisclosed unethical actions by Sam Bankman-Fried, founder and CEO of FTX and Alameda, a sister trading firm.

02.11.2022 08:11

Crypto Week: Everything Is Against the Bitcoin

Anton Bykov

The technical picture for Bitcoin is getting more and more complicated, but this does not necessarily provide any signs of a changing trend. A huge downside wedge with the upper margin drawn from $69,000 (all-time high of 2021), $48,000 and $19,000 suggest that Bitcoin prices may go down to $4,000 per coin. Prices spiked last week towards the upper margin and this could mean that bears could begin to collect stop-losses and leave bulls without any steam before storming the support level at $18,000-19,000.

31.10.2022 10:10

Weekly Focus: Fed Signals and Non-Farm Payrolls

Anton Bykov

The upcoming two week will frame the future of the stock market until the end of the year. The first week will be driven by monetary decisions and macroeconomics as investors will most likely be guided by these policy decisions made by the central banks and by macroeconomic data. The second week will be more political as the elections in the United States will primarily sketch the market landscape. The divided Congress in the U.S. could be less useful for the market as cyclical movements of the economy have not yet been considered properly. Focusing solely on U.S.