The Market Horoscope – The week of November 25, 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 |
|---|---|---|---|
| 27-11-2024 | Wednesday | Interest rate | NZD |
| 27-11-2024 | Wednesday | GDP | USD |
| 27-11-2024 | Wednesday | Unemployment claims | USD |
| 27-11-2024 | Wednesday | PCE | USD |
| 27-11-2024 | Wednesday | FOMC meeting minutes | USD |
| 28-11-2024 | Thursday | CPI | EUR |
| 29-11-2024 | Friday | GDP | CAD |
Market Insights
The Analysis
The scheduled reports and events for the week ahead should cause a low level of volatility. DXY (US Dollar Index) continues its uptrend. Gold and Oil gained strength in the past week. Equities were moving in a sideways range.
The Insights
DXY (US Dollar Index) is hitting an area of resistance at 108. Expect a strong reaction around 108.5 and prices to turn downwards. This will mostly mean a bullish week for Equities, Gold and Oil.
The Action
Short DXY at 108.25. Look to go Long Equities, Gold and Oil, at pullbacks.
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.