The Market Horoscope – The week of September 30, 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:
| Date | Day | Event/ Report | Currency |
|---|---|---|---|
| 30-09-2024 | Monday | German CPI | EUR |
| 30-09-2024 | Monday | Fed Chairman Speech | USD |
| 01-10-2024 | Tuesday | CPI | EUR |
| 01-10-2024 | Tuesday | PMI | USD |
| 01-10-2024 | Tuesday | JOLTS | USD |
| 02-10-2024 | Wednesday | Employment | USD |
| 03-10-2024 | Thursday | CPI | CHF |
| 03-10-2024 | Thursday | Unemployment Claims | USD |
| 03-10-2024 | Thursday | Services PMI | USD |
| 04-10-2024 | Friday | Employment | USD |
Market Insights
The Insights
The Dollar Index continues its weakness touching a fresh low for 2024 on the last day of the previous week.
The Analysis
With inflation related data such as PMI and Employment reports from major markets such as Germany, USA and Switzerland being released throughout the week, the market is going to react any unexpected pieces of information with a high degree of volatility.
The Timing
Monday/ Tuesday
The Action
Short US Dollar Index at 100.7. Bullish outlook on 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.