The Market Horoscope – The week of September 2, 2024

Welcome to The Market Horoscope, our weekly publication providing insights into the financial markets. We analyze stocks, commodities, cryptocurrencies, and forex to forecast potential market movements and help you navigate the complex market landscape.

Market Outlook 

Key Economic Events This Week:

Market Insights

The Insights

The US$ gained strength last week, mostly based on employment data that suggested that the US economy is not cooling all that fast. Equities, other currencies, Gold and Oil prices were under some pressure and were trading in a tight range throughout the week.

The Analysis

Some CPI and PMI data in the early part of the week, followed by employment data on Thursday and Friday, should provide some clear direction to the markets. The employment data to be released on Friday will provide crucial direction to the markets, it being the last major report that could impact the interest rate decision on the US$ on the 18th of September. Further strength is expected in the US$, leading to weakness in Equities, other major currencies, and gold and oil.

The Timing

Thursday and Friday

The Action

Look for shorting opportunities in Equities, Gold, and Oil.

Having a solid understanding of the economic cycle is crucial. Reacting to news and reports in real time can be counterproductive. We are committed to providing accurate market forecasts and welcome your feedback and questions on our predictions. Your engagement helps us refine our insights and better serve you.

Note: Our predictions are based on current data and market trends. Before making investment decisions, consider your risk tolerance and consult a financial advisor.