The Market Horoscope – The week of October 14, 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 |
|---|---|---|---|
| 15-10-2024 | Tuesday | CPI | CAD |
| 16-10-2024 | Wednesday | CPI | GBP |
| 17-10-2024 | Thursday | Employment | AUD |
| 17-10-2024 | Thursday | Interest rate | EUR |
| 17-10-2024 | Thursday | Retail sales | USD |
| 17-10-2024 | Thursday | Unemployment claims | USD |
| 17-10-2024 | Thursday | ECB Press conference | EUR |
| 18-10-2024 | Friday | Retail sales | GBP |
Market Insights
The Insights
The DXY (USD) continued it's strength throughout the week, as the financial markets prepare for the extra geo-political instability.
The Analysis
The week will see reports from across major economies related to inflation, like CPI, Retail and Employment. Euro interest rate announcement will also be a significant.
The Timing
Monday, Tuesday
The Action
DXY has reached a key level where sellers are likely to step in. Short the USD and long Equities, Gold and Oil.
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.