Sergey Ershov / Blog
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...
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...
Following its 9-10 December meeting, the US Federal Reserve cut the key interest rate for the third time since the start of 2025, lowering it by 25 basis points to a range of 3.5-3.75% per annum, fully in line with market expectations...
The Santa Claus Rally is one of the most recognised calendar effects in the market, first described by Yale Hirsch in 1972...
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...
Research shows that beginner traders usually stay active for about 8.5 months . Only around one-third continue trading for more than one year. Those who receive proper training in the first 90 days normally stay active for about 14 months...
Markets enter the first month of winter amid mixed sentiment – investors are preparing for the final Fed meeting scheduled for 10 December...
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...
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...