Fundamentals and expected events: week 21 Crypto markets: Fear has returned to the crypto markets as the Fear and Greed index dropped down to level 10, meaning extreme fear. The crypto-ecosystem as a whole has taken a dive following not only the macroeconomic data and also an upcoming correction on from the “free money” era…
News in brief Stocks have continued their decline, but it is not nearly as dramatic as it has been in recent days. The current account of the balance of payments ended with a surplus of EUR 8.66 billion in March. A “relative” calm can probably be expected until the European Central Bank (ECB) meeting in…
News in brief Markets are globally still tanking, the most recent reason are bad reported results of many large companies across the globe. Geopolitical situation around Ukraine is still very tense. Information about rising number of Covid-19 cases in Southern Europe together with persistent lockdowns in China are not helping either. Inflational pressures are also…
News in brief In the US, it does not look like a recession yet, according to the incoming data. The Fed is likely to go for a series of 50bps hikes. Jerome Powell confirmed yesterday that the Fed may raise interest rates even above the neutral rate of around 2.5% and pointed out that price…
News in brief All producer prices continued to rise month-on-month and year-on-year in April. Industrial producer prices increased by more than 26% year-on-year and agricultural producer prices by more than 35%. Construction prices were estimated to have risen by almost 13% year-on-year and prices of market services for businesses were 5.5% higher. After a very…
Fundamentals and expected events: week 20 Crypto markets: Crypto markets experienced a very turbulent week and now seem to calm down a bit. Bitcoin jumped to above $31,000 but was quickly stopped in its tracks and was turned back below the $30,000 line, where it bounced and now is trading above that line again. Most…
News in brief US stocks have had another negative session. The S&P500 has written off 1.65% and is down 7.32% in the last five days. The Nasdaq then fell 3.18% yesterday and is down as much as 12.35% in the last five sessions. The market continues to be very nervous. Fuel prices on the Rotterdam…
We are now experiencing something called bear market, or market crash, not only in the cryptocurrency field, but also on stocks and bonds and commodities and almost everywhere. So here are the possible reasons of this fall and some tips from pro traders how to deal with it. Why are the markets crashing? There are…
It is common knowledge that Warren Buffett is not a fan of Bitcoin, although the primary cryptocurrency has found many fans and supporters. However, he has finally elaborated on why he believes Bitcoin is not something worth investing in. Let’s take a look at his reasons. Warren Buffett and Bitcoin Warren Buffett is an American…
News in brief The EC is proposing to gradually cut EU countries completely off from Russian oil supplies by the end of the year. The EC has also proposed shutting off Russia’s largest bank, Sberbank, and two other institutions from the SWIFT international payment system. The Fed is expected to raise the key dollar rate…
