The past week unfolded against the backdrop of gradually declining liquidity ahead of the Christmas holidays and a limited number of major macroeconomic releases. Market attention was focused on US data, including revised GDP estimates for Q3 and PCE inflation figures published on December 23-24. These releases set the overall trading tone, although in thin…
Last week, major central banks announced their decisions. On December 18, the ECB left interest rates unchanged and confirmed that future steps will depend on key macroeconomic data. On the same day, the Bank of England cut its key rate from 4.0% to 3.75% due to slowing inflation. On December 19, the Bank of Japan…
The Santa Claus Rally is one of the most recognised calendar effects in the market, first described by Yale Hirsch in 1972. It has been observed for nearly half a century and refers to the typical rise in equity indices during the last five trading days of December and the first two days of January….
The past week was relatively calm, with markets frozen in anticipation of the US Federal Reserve meeting on 9-10 December. Prices across most observed assets saw minimal movement, with EUR/USD being the only notable exception. Investors still do not rule out a 0.25% rate cut at this meeting, though many believe this step in easing…
Markets enter the first month of winter amid mixed sentiment – investors are preparing for the final Fed meeting scheduled for 10 December. The end of quantitative tightening and expectations of further rate cuts continue to pressure the US dollar, support demand for precious metals and help maintain relative stability in risk assets despite uneven…
Major markets ended the week with a cautious, slightly risk-off tone. The minutes of the latest FOMC meeting showed that US central bank policymakers remain divided on whether another rate cut at the December meeting is warranted. The discussion is unfolding against a backdrop of relatively stable macro data: the November business-activity surveys confirm continued…
Bitcoin ends 2025 with a sharp reversal: from record highs above USD 120,000 in the summer to levels below USD 82,000 in November. The correction was driven by a combination of factors: profit-taking, rising volatility, liquidity issues on several platforms, declining BTC ETF volumes, the Federal Reserve’s hawkish tone, and uncertainty surrounding a possible US…
By the end of last week, volatility had slightly decreased, with most assets finishing the five-day period around key support and resistance zones. Market sentiment remains cautious, suggesting that investors are still awaiting clearer guidance from central banks, primarily the US Federal Reserve, regarding their monetary policy in the near and medium term. 💶 EUR/USD…
Financial markets ended October without any sharp changes. The U.S. Federal Reserve’s rate cut from 4.25% to 4.00% was received calmly by investors. Prices of both safe-haven and risk assets moved only slightly. The most notable market reaction after the Federal Reserve’s meeting on October 29 and the ECB’s meeting on October 30 was the…
The final week of October begins under a cloud of uncertainty. The delayed release of fresh US inflation data (CPI) and the ongoing government shutdown are reducing the transparency of the macroeconomic picture. It is worth recalling that September CPI came in below forecasts, which put pressure on the dollar and helped EUR/USD stabilise near…