The Market Horoscope – The week of September 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:

Market Insights

The Insights

The Federal Reserve announced a higher than expected cut of 50 basis points. But the USD was sort of unchanged over the following two days, which suggests that the markets had already factored it in. The next interest rate announcement is scheduled after the presidential elections in the US.

The Analysis

WIth some key inflation related reports like PMI, GDP and interest rate announcements by major currencies, the volatility is likely to continue in the week ahead. Going by the overall trend over the past few months, the US$ is likely to continue weakening.

The Timing

Wednesday, Thursday

The Action

Short DXY at 101.2. Long Equities and Gold, Short 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.