The Market Horoscope – The week of August 26, 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$ continued its weakness (as expected by this column) last week, with some added selling pressure on Friday after Fed Chair speech wherein the beginning of the rate cut cycle was indicated to be as early as September. Equities, other currencies and Gold were most bullish throughout the week. Oil dropped in the initial part of the previous week, but recovered on Thursday and Friday.

The Analysis

Further weakness is expected on the US$, with inflation on a cooling path as suggested by inflation and employment reports. The view on Equities, other currencies, Gold and Oil is bullish.

The Timing

Tuesday

The Action

Look for buying opportunities when prices dip a bit (entry prices specified in the Forex, Commodities and Crypto Oracle). Look to short the USD against key currencies such as AUD and EUR.

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.