Forex Market Overview All market | Anton Bykov 9 April 2025

17.06.2024 12:06

Weekly Focus: U.S Retail Sales and PMIs

S&P 500 broad market index futures are rising by 0.1% to 5434 points, close to the all-time high of 5447 points. The benchmark may need some time before resuming its climb to new highs, potentially reaching new targets at 5650-5750 points by the end of next week. The rally could begin this week, driven by the slowing inflation in the United States. However, the SPDR S&P 500 ETF Trust (SPY) reported net fund outflows of $5.2 billion, a sharp drop compared to net inflows of $3.2 billion by the end of last Thursday.

07.06.2024 11:06

Weekly Summary: S&P 500 Flying High Ahead of Nonfarm Payrolls

Anton Bykov

The S&P 500 broad market index futures are rising by 1.4% to 5362 points, marking a new all-time high. This positions the benchmark to test the resistance at 5360-5380 points. If surpassed, the index could climb towards the extreme targets of 5650-5670 points. The rally in the S&P 500 index appears logical, as investors have been seeking positive reasons for an upside throughout the week. Focus was on the ISM version of the Manufacturing PMI, which indicated a drop in business activity to 48.

05.06.2024 10:06

Crypto Week: BTC above $71,000, Roaring Kitty Back in Business, BTC-ETF in Australia

Anton Bykov

Bitcoin (BTC) has seen a significant rally, adding 5.3% to reach $71,310. This surge above the critical resistance level at $68,000-70,000 opens up new potential targets at $78,000-80,000. BTC is currently trading at $71,310, surpassing the important resistance zone at $68,000-70,000. Last week, BTC dipped by 2.2% to $66,699, but large investors bought the dip, increasing their positions. Institutional inflows have been robust, with IBIT from BlackRock and FBTC from Fidelity reporting fund inflows of $310.8 million and $204.8 million, respectively.

03.06.2024 10:06

Weekly Focus: ECB and BoC May Start Monetary Easing, while NFP May Guide the Fed

Anton Bykov

The S&P 500 broad market index futures are up 0.2% to 5294 points this week, surpassing the resistance at 5260-5280 points, indicating a bullish market sentiment. If the index maintains above this level, it could potentially continue its upward trajectory towards the 5360-5380 milestone and possibly reach a new all-time high. Last week, the index faced a precarious situation, dropping by 2.0% to 5191 points on Friday, nearing a downturn towards 4900-5000 points.

29.05.2024 11:05

Crypto Week: Mt.Gox Payouts, BlackRock Crypto Leadership, and Looming Crypto Trump

Anton Bykov

Bitcoin (BTC) is down 0.6% to $68,000 this week, despite briefly reaching $70,743 on May 27. This movement underscores Bitcoin's sideways trading within the resistance zone of $68,000 to $71,000. Bitcoin attempted to break through the resistance towards $72,000 on May 21 but fell back to $66,350 before returning to the resistance zone. This pattern has formed a symmetrical triangle, indicating a potential strong directional movement this weekend or next week.

24.05.2024 11:05

Weekly Summary: Stocks Fell for the First Time in Six Weeks

Anton Bykov

S&P 500 broad market index futures are down by 0.6% to 5271 points this week, following a sharp decline on Thursday after reaching a new all-time high of 5349 points. The drop was influenced by the FOMC Minutes, which revealed a more hawkish stance from the Federal Reserve (Fed) than previously suggested. While the Fed maintained interest rates and further reduced its quantitative tightening program, Fed Chair Jerome Powell stated no further rate hikes were planned.

22.05.2024 11:05

Crypto Week: Spot ETH-ETF Comeback, Trump Accepts Crypto, NVidia Reporting

Anton Bykov

Bitcoin (BTC) is rising by 6.0% to $70,000 this week, slightly retreating from a high of $72,070 on May 21. With the all-time high of $73,864 within reach, BTC could update this record soon. The market gained upward momentum from the U.S. Securities and Exchange Commission (SEC), which has requested ether exchange-traded fund (ETF) exchanges to update their ETF filings. The SEC is set to decide on the approval of the first spot ETH-ETFs, filed by VanEck and ARK, this Thursday and Friday.

20.05.2024 11:05

Weekly Focus: FOMC Minutes, NVidia Earnings and PMIs

Anton Bykov

S&P 500 broad market index futures are rising by 0.14% to 5310 points this week. Such muted movements are common near the all-time high of 5326 points. The benchmark has entered a technical period of a possible reversal, expected to last until the middle of next week. The recent helicopter crash involving Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian has raised concerns among investors.

17.05.2024 11:05

Weekly Summary: Inflation Down, S&P 500 Advances

Anton Bykov

The S&P 500 broad market index futures rose by 1.5% to 5300 points this week, hitting a new all-time high at 5326 points before pulling back slightly on hawkish comments from Federal Reserve (Fed) officials. The index began its ascent on May 14, following the release of the April producer prices in the United States. The Producer Price Index (PPI) increased to 2.2% YoY, which is typically negative for stocks, but the March reading was revised down to 1.8% YoY from the previously reported 2.1%. This revision inspired investor optimism.

15.05.2024 12:05

Crypto Week: BTC is Retesting $60,000, Behemoths are Coming, and Roaring Kitty Comeback

Anton Bykov

Bitcoin (BTC) is up by 1.6% to $62,150, with an earlier rise of 3.6% reaching $63,432. Despite this uptick, investor sentiment remains cautious, limiting the potential for higher crypto prices. The unavailability of spot crypto ETFs to China's mainland investors caused slight disappointment, but this was largely offset by capital inflows into the crypto market. The ProShares Bitcoin Strategy ETF (BITO) reported net capital inflows of $19.5 million last week after six consecutive weeks of outflows.