This is more comprehensive overview on market in general.
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I will go over global financial market primary in U.S., currency index, commodities, bonds, stocks, and forecast on upcoming week.
Here we go!
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Major Economy Indicators
Gross Domestic Product (GDP): indicators of economy growth or decline.
U.S. tries to grow out of its recession.
However, private sector is still struggling.
Overall, we see the trend is going down.
Consumer Price Index (CPI): it implies inflation rate.
We are in the moderate recovery.
Overall, we see the trend is going up.
Consumer Confidence Index (CCI): it implies financial market sentiment.
It seems recover a bit more than what we expected.
Overall, we are declining.
Job Growth: it indicates economic expansion or shrinking
It improved but then it declines.
Unemployment Index: it indicates inflation when index is low
It has been improved.
Housing Starts: it indicates economic expansion or shrinking
It improves a lot.
Producer Price Index (PPI): it indicates direction of the CPI
It continue rising.
Other economic supplemental indicators
Interest Rates:
Short term interest rate is near 0 and 10-year Treasury has increased a bit.
It indicates that economic has improved a bit.
Trade Balance Index:
Trade is stable and improves a bit.
After all, economy has improved and we are at the cycle of recovering trend.
U.S. Dollar
Dollar is recovering and will continue its trend in the coming week.
Money Supply
Money continues oversupplying.
It seems we will have print out of trouble scenario than grow out of trouble in the short term.
Stock Market
Dow Jones Industrial Average (DJI) - Lower Range
S&P 500 (SPX) - Mid Range
NASDAQ Composite (IXIC) - Upper Range
Stock market seems will cool down a bit in the coming week.
Bond Market
Bond market was strong this week but it comes down in the coming week.
Commodity
Gold continues losing status of hedging in the coming week.
Copper is a new high indicates that emerging market is continue improving.
Crytomarket
Bitcoin
Bitcoin option in the income week indicate the price may move upward.
Ethereum
Ethereum volume decreases indicate the price may move downward in the coming week.
Thanks for reading and see you next week!
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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21📈
Bitcoin Technical Analysis 01-08-21📈
Bitcoin Technical Analysis 01-09-21📉
Bitcoin Technical Analysis 01-10-21📉
Bitcoin Technical Analysis 01-11-21📉
Bitcoin Technical Analysis 01-12-21📈
Bitcoin Technical Analysis 01-13-21📉
Bitcoin Technical Analysis 01-14-21📈
You can reference my Bitcoin methodology here and here.
You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21📈
Ethereum Technical Analysis 01-08-21📉
Ethereum Technical Analysis 01-09-21📈
Ethereum Technical Analysis 01-10-21📉
Ethereum Technical Analysis 01-11-21📉
Ethereum Technical Analysis 01-12-21📈
Ethereum Technical Analysis 01-13-21📉
Ethereum Technical Analysis 01-14-21📈
You can reference my previous Dogecoin analysis here:
Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
