Forex Market Overview All market | Anton Bykov 6 April 2025

19.07.2024 10:07

Weekly Summary: Powell’s Dovish U-Turn, Biden Replacement and Netflix Disappointment

The S&P 500 broad market index futures have fallen by 1.5% to 5528 points this week, continuing a three-day decline from the new all-time high of 5670 points recorded on Tuesday. This downturn comes despite excellent Q2 corporate reporting and a dovish U-turn by Federal Reserve (Fed) Chair Jerome Powell. The week began with strong Q2 corporate earnings reports from Goldman Sachs (GS), extending the positive streak for American banks.

17.07.2024 10:07

Crypto Week: Trump Assassination Attempt, His “Crypto Addict” Vice President and BTC-Conference

Anton Bykov

Bitcoin (BTC) is up 6.5% to $65,170. Over the past four days, BTC prices have surged by 11.0%, reaching $66,091, the highest level since June 20. The catalyst for this rally is the recent assassination attempt on Donald Trump over the weekend, which has sent his approval ratings soaring. According to Polymarket, Trump's ratings have climbed to 71.0%, while Democrat Joe Biden's chances of winning the 2024 Presidential election stand at just 17.0%. Adding to the pressure on Democrats, Trump has officially announced J.D. Vance as his vice-presidential pick.

15.07.2024 12:07

Weekly Focus: Attack on Trump, Powell Interview, Retail Sales and Netflix

Anton Bykov

The S&P 500 index futures rose by 0.3% to 5633 points on Monday, nearing the new historical high of 5656 points set on Friday. Despite a strong sell-off last Thursday, investor sentiment remains positive, driven by a robust start to the Q2 2024 corporate earnings season, with JPMorgan (JPM) and Citigroup (C) exceeding profit and revenue expectations. Wells Fargo reported lower interest income, but overall market optimism prevailed, leading to a 1.0% weekly gain for stocks.

10.07.2024 11:07

Crypto Week: Crypto Fear & Greed Index in a Buy Zone, Spot ETH-ETF this Week Already

Anton Bykov

Bitcoin (BTC) is rising by 3.7% to $68,750, although it was at $59,447 earlier on Wednesday. Despite this retreat, the upside perspectives for BTC remain optimistic. The crypto market faced pressure on Monday due to the German government selling BTC and the ongoing payouts from the defunct Mt. Gox crypto exchange to its clients. Investors were initially alarmed by the German authorities' $900 million BTC transfer to a crypto exchange for sale.

05.07.2024 11:07

Weekly Summary: Nonfarm Payrolls and Elections in France

Anton Bykov

S&P 500 broad market index futures rose by 1.4% to 5543 points, marking a new all-time high. The index could perform even better with the release of Nonfarm Payrolls (NFP) data today. Wall Street anticipates a slight cooling of the labor market in June, with Nonfarm Payrolls forecasted at 189,000 versus 272,000 in May. Unemployment is expected to remain at 4.0%, while hourly earnings are projected to slow to 0.3% MoM from 0.4% MoM. Our statistical modeling suggests similar numbers, with NFP likely between 189,000 and 201,000.

03.07.2024 11:07

Crypto Week: Biden Risks, Summer BTC Rally and “Nuclear” Kraken

Anton Bykov

Bitcoin (BTC) is losing 1.8% this week, dropping to $60,800—a disappointing start to July. However, investors remain hopeful for a summer rally in the crypto market, anticipating BTC to reach a new all-time high. Despite an 8% decline in June, net inflows into spot BTC-ETFs were positive, amounting to $790 million. On the first days of July, net inflows were also positive, with IBIT from BlackRock receiving $82.4 million, although FBTC from Fidelity and Grayscale lost $53.5 million combined. Total net inflows for the start of the month stand at $28.9 million.

01.07.2024 11:07

Weekly Focus: Sigh of Relief in France, Biden Has to Decide, FOMC Minutes and Nonfarm Payrolls

Anton Bykov

S&P 500 broad market index futures are mostly neutral around 5466 points. Last Friday, the index performed a true acrobatic feat. It rewrote the all-time high at 5524 immediately after the release of the May PCE index in the United States and later erased all weekly gains down to 0.1%. PCE readings perfectly matched consensus. The headline PCE slowed down to 2.6% YoY from 2.7% in April, while Core PCE, without food and energy, decreased to 2.6% YoY from 2.8% the previous month. This is the lowest reading since March 2021. Unexpectedly, soon after the release, U.S.

26.06.2024 10:06

Crypto Week: NVidia Drawdown, Mt Gox Payouts, Crypto Enthusiasts Vote Trump

Anton Bykov

Bitcoin (BTC) is currently experiencing a decline of 3.7% to $61,540 this week, recovering from an 8.4% drop to a low of $58,406 earlier on Monday. Prices are consolidating above a key support level at $60,000. The crypto industry has seen significant withdrawals, with BlackRock’s IBIT reporting net capital inflows of only $2.9 million last week, a record low. Fidelity’s FBTC reported net outflows of $306.2 million, and Grayscale’s GBTC saw $170.7 million in outflows, totaling $474.0 million in industry losses for the week.

21.06.2024 11:06

Weekly Summary: Triple Witching and U.S. PMIs

Anton Bykov

S&P 500 broad market index futures added 0.6% to 5467 points, marking another record-breaking week. The benchmark briefly climbed to 5516 points, setting a new historical high, before sharply retracing and erasing 1.6% of the week's gains. This retracement occurred without any specific catalyst. NVidia (NVDA), the current rally leader, saw its share price drop by 3.5% to $130.78, dragging down stock indexes. The Nasdaq 100 dropped by 1.0%, and the S&P 500 index lost 0.4%, continuing to drift down on Friday. NVDA further declined by 1.7% to $128.49 in premarket trading.

19.06.2024 11:06

Crypto Week: BTC is Struggling, Crypto Trump and Democrats’ Vow

Anton Bykov

Bitcoin (BTC) is falling by 2.0% to $65,200, although it was 3.7% lower at $64,034, the lowest since May 15. Positive developments in Ethereum have supported the crypto king. The major reason for the decline in cryptos is fund outflows. The Spot BTC-ETF from BlackRock (IBIT) added $208.5 million last week, but this inflow was largely overshadowed by losses of $68.4 million from FTBC by Fidelity and $258.4 million from GBTC by Grayscale.