The Market Horoscope – The week of November 18, 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 |
|---|---|---|---|
| 19-11-2024 | Tuesday | CPI | CAD |
| 20-11-2024 | Wednesday | CPI | GBP |
| 21-11-2024 | Thursday | Unemployment claims | USD |
| 22-11-2024 | Friday | Retail | GBP |
| 22-11-2024 | Friday | Manufacturing Services PMI | EUR |
| 22-11-2024 | Friday | Manufacturing Services PMI | GBP |
| 22-11-2024 | Friday | Retail | CAD |
| 22-11-2024 | Friday | Manufacturing Services PMI | USD |
Market Insights
The Analysis
DXY (US Dollar Index) continued its strength in the week after the US Elections result. While Equities also continued their strength, Oil and Gold showed weakness.
The Insights
We continue to maintain that the US$ is likely to weaken from its current valuation.
The Action
Look to Short DXY at 107.3. Equities and Gold are likely to strengthen in the coming week. Whereas Oil is likely to continue to go down.
The Timing
Wednesday
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.