The Market Horoscope – The week of December 9, 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 |
|---|---|---|---|
| 10-12-2024 | Tuesday | Interest rate | AUD |
| 11-12-2024 | Wednesday | CPI | USD |
| 11-12-2024 | Wednesday | Interest rate | CAD |
| 12-12-2024 | Thursday | Employment | AUD |
| 12-12-2024 | Thursday | Interest rate | CHF |
| 12-12-2024 | Thursday | Interest rate | EUR |
| 12-12-2024 | Thursday | PPI | USD |
| 13-12-2024 | Friday | GDP | GBP |
Market Insights
The Analysis
Despite all the geo-political instability, the DXY (US Dollar Index) got weaker (as anticipated in this column last week). Equities hit new all-time-highs, mainly on the back of mega-cap stocks like Apple and Amazon hitting their respective all-time-highs. Gold traded in a range, whereas Oil was weak and closed close to three-year lows.
The Insights
DXY (US Dollar Index) is likely to continue getting weaker. Equities may present a mixed picture, with large cap stocks taking a breather and pulling back, whereas small caps staging a rally towards the end of the year.
The Action
Look for shorting opportunities on US Dollar Index, Gold and Oil.
The Timing
Wednesday
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.