Forex Market Overview All market | Anton Bykov 4 April 2025

18.05.2022 11:05

Crypto Week: What Happened with Terra (Luna)?

Crypto market is trying to recover after the last turbulent week. However, current rebound of crypto prices should not be a reason for unreasonable optimism as the current setup for the market suggest the existing downside sentiment to continue. Bitcoin may continue to dove to $20,000, while other cryptocurrencies may lose at least 50% of their current prices as the largest trading volumes were recorded at lower price levels. For example DOT was traded most actively at $5.4, SAND – at $0.7, AVAX- at $17.2 etc.

11.05.2022 12:05

Crypto Week: “Falling Knives” to Hit the Market Hard

Anton Bykov

Bitcoin met its short-term target of $33,000 at the end of last week, but it continued to plunge 11.6% to $30,000 on May 9 to also meet its mid-term target. Altcoins plunged even further: Polkadot, Solana, Fantom, and many others lost about 20% of their market cap. No market setup to reverse the trend has been seen in the market so far, and it is likely to continue to plunge down further. A bearish trend is intact with the possibility of Bitcoin dropping to $20,000. Any drop below this figure is seen to be unlikely as Bitcoin prices have never dropped below previous cycle peaks.

04.05.2022 11:05

Crypto Week: Bulls Have been Sent to the Slaughter

Anton Bykov

The cryptos market is going through hard times as stagflation is becoming real. Investors are shying away from risky assets and concentrating on safer assets related to the U.S. Dollar. U.S. Treasuries yields are rising rapidly and prompting additional interest to the Greenback. The last seven days were quite tense as bulls were trying to take the lead in the Bitcoin market but were unsuccessful as fundamentals and the technical picture were not on their side, while bears acted in an opportunistic way and were caught in a trap.

29.04.2022 11:04

Weekly Summary: S&P 500 is Afloat, Waiting for the Fed

Anton Bykov

The decline of the S&P 500 broad market index stopped at 4145 points. This point is right in the middle of the possible downside targets which are within an aggressive downward pattern this week. The index rebounded to 4270 points. If it closes Friday above 4190 points, a strong rebound next week could be possible. For this to happen the Federal Reserve (Fed) should be more afraid of the recession than galloping inflation. This scenario could be justified after the U.S. GDP unexpectedly plunged by 1.4% in Q1 2022.

27.04.2022 12:04

Cryptoweek: Cryptos are getting a fever

Anton Bykov

Problems that emerged in November 2021 are still troubling digital assets. The price movement of Bitcoin is similar to that of the Nasdaq 100 index and although Bitcoin lost almost 40% of its value, the index has dropped by 20% over the last five months. Both assets were trying to bounce back from their March lows but failed. In order to estimate the direction that Bitcoin will now take we have to take a global look at what happened at the end of 2021. The short of it is that the, appetite for risk has decreased dramatically.

26.04.2022 10:04

Weekly Focus: FAANG, U.S. GDP, and a Drop of S&P 500

Anton Bykov

The S&P 500 broad market index has reached the target of 4100-4200 points, while USDJPY, a collateral indicator of the U.S. stock market, is seen to be flagging under expected elevated volatility. A rebound of the U.S. stock market on Monday was primarily made by retail investors. This may signal a false direction of the stock market, which is directed mostly by institutional investors. Last week the commodity market signaled an inevitable cyclical downturn in the United States and a possible 40-50% drop of U.S. stocks over the coming two to three months.

15.04.2022 11:04

Weekly Summary: Record Inflation, Apathy of the ECB and Unconvincing Banks’ Earnings Reports

Anton Bykov

Good Friday has come just in time as markets have scooped too many toxic drivers. Once again, inflation has risen to a new record, the European Central Bank (ECB) has an apathetic attitude as it seems to be following the Bank of Japan’s monetary path, while the U.S. banking sector failed to inspire investors with strong Q1 2022 earnings reports. In China’s city of Shanghai military vehicles were spotted carrying out COVID-19 tests, according to officials. The U.S.

12.04.2022 11:04

Weekly Focus: Inflation, Brainard, Banks’ Earnings Reports, ECB and Much More

Anton Bykov

With Good Friday being at the end of this week, it is too short to host so many events which include inflation data from the United States, a statement from the Federal Reserve (Fed) Governor Lael Brainard, bank earnings reports for the Q1 2022, the European Central Bank’s (ECB) meeting, an expected hike of interest rates in New Zealand and Canada, and some other important macroeconomic data in the United Kingdom and the Eurozone. All this is going to happen within these three days before the celebration on Friday.

01.04.2022 11:04

Weekly Summary: Yields’ Inversion and Non-Farm Payrolls

Anton Bykov

This difficult week ends with a sophisticated twist in financial markets. The American stock market lost all the gains it had made earlier this week. The S&P 500 broad market index futures rolled back to 4550 points. Brent crude prices are close to the important support level at $100 per barrel, while the U.S. Dollar is experiencing great volatility. Investors’ hopes for further geopolitical negotiations that could push U.S. stock indexes to new highs have faded. Military actions in Ukraine continue. Moreover, fears over a possible recession in the United Stated have elevated as U.S.

29.03.2022 11:03

Weekly Focus: U.S. GDP, OPEC+ Meeting, and Nonfarm Payrolls

Anton Bykov

The American stock market continues to climb steadily. The S&P 500 broad market index almost reached the target of 4600-2650 points, and this target could be met on Tuesday. What could be the next move is hard to say as there are no further drivers coming up for the market to follow. The Federal Reserve (Fed) has cut off liquidity injections and may start to pump liquidity out of the market. The economy is slowing down, inflation is speeding up and squeezing corporate profits. Ukrainian warfare may ease, but this would never be e reason for the U.S.