The Market Horoscope – The week of December 23, 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 |
|---|---|---|---|
| 22-12-2024 | Monday | GDP | CAD |
| 26-12-2024 | Thursday | Unemployment claims | USD |
Market Insights
The Analysis
The past week was very eventful and volatile, as alerted in this column last week. While the DXY (US Dollar Index) strengthened after the Interest Rate announcement on Wednesday; it hit resistance at 108.5, again as we had anticipated here. The PCE data on Friday showed inflation cooling and therefore the weakness on the DXY.
The Insights
Equities showed some bullishness on Friday and may be setting up for the Santa Claus rally next week!
The Action
Go Long Equities, Gold, Euro, GBP and Oil and Short the 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.