The Market Horoscope – The week of December 2, 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 Analysis

As anticipated and pointed out in our forecast last week, the DXY (US Dollar Index) faced resistance at 108, and thereafter turned downwards, closing below 106 at the end of the week. Equities had a positive week, with the major indexes very close to all-time-highs.

The Insights

DXY (US Dollar Index) is likely to find support at 105 and Equities are likely to make new all-time-highs at the beginning of the December. Gold is also expected to go higher, whereas Oil is showing bearish tendency.

The Action

Go Long DXY at 105.15. Go Long on Equities after pull-backs.

The Timing

Thursday

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.