The Market Horoscope – The week of December 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 |
|---|---|---|---|
| 31-12-2024 | Tuesday | Manufacturing PMI | CNY |
| 02-01-2025 | Thursday | Unemployment claims | USD |
| 03-01-2025 | Friday | Manufacturing PMI | USD |
Market Insights
The Analysis
The markets calmed down last week, after some extra volatility in the previous week (reaction to FOMC guidance). As expected in this column, DXY couldn't sustain above 108.2.
The Insights
DXY (US Dollar Index) is likely to weaken further in the coming weeks. The upcoming week is likely to witness very low volatility.
The Action
Short DXY @ 108.2. Look to go Long Equities and Gold. Euro, GBP and Oil are likely to be range bound.
The Timing
Tuesday
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.