The Market Horoscope – The week of December 16, 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 |
|---|---|---|---|
| 16-12-2024 | Monday | Manufacturing, Services PMI | EUR |
| 16-12-2024 | Monday | Manufacturing, Services PMI | GBP |
| 16-12-2024 | Monday | Manufacturing, Services PMI | USD |
| 17-12-2024 | Tuesday | CPI | CAD |
| 17-12-2024 | Tuesday | Retail | USD |
| 18-12-2024 | Wednesday | Interest rate | USD |
| 19-12-2024 | Thursday | Interest rate | JPY |
| 19-12-2024 | Thursday | Interest rate | GBP |
| 19-12-2024 | Thursday | GDP | USD |
| 20-12-2024 | Friday | PCE | USD |
Market Insights
The Analysis
DXY (US Dollar Index) remains close to 107, where it is facing resistance. The week ahead brings critical Interest rate announcements on the US$, JPY and GBP. Expect a lot of volatility starting Wednesday.
The Insights
We maintain our bearish outlook on DXY (US Dollar Index) and Oil. Expect bullishness on Gold, Equities, Crypto.
The Action
Long Equities and Gold. Short DXY at 108.2
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.