The Market Horoscope – The week of November 11, 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 |
|---|---|---|---|
| 13-11-2024 | Wednesday | CPI | USD |
| 14-11-2024 | Thursday | Employment | AUD |
| 14-11-2024 | Thursday | Fed Chair speech | USD |
| 15-11-2024 | Friday | GDP | GBP |
| 15-11-2024 | Friday | Retail | USD |
Market Insights
The Analysis
After an eventful week (in terms of news and events), we are heading into a week with not so many significant events or reports, which tend to bring in volatility into the markets. As forecasted here last week, the DXY remained below the 105.5 mark. While Equities turned bullish, Gold and Oil prices softened a bit.
The Insights
Our forecast is a weaker USD. While Equities and Oil are poised to go up, Gold and other metals seem to be softening further.
The Action
Short DXY at 105.4. Look to go Long Equities after they retrace a bit.
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.