Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21

By xuanling11 | Crypto Learning | 16 Jan 2021


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.

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U.S. tries to grow out of its recession.

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However, private sector is still struggling.

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Overall, we see the trend is going down.

Consumer Price Index (CPI): it implies inflation rate.

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We are in the moderate recovery.

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Overall, we see the trend is going up.

Consumer Confidence Index (CCI): it implies financial market sentiment.

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It seems recover a bit more than what we expected.

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Overall, we are declining.

Job Growth: it indicates economic expansion or shrinking

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It improved but then it declines.

Unemployment Index: it indicates inflation when index is low

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It has been improved.

Housing Starts: it indicates economic expansion or shrinking

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It improves a lot.

Producer Price Index (PPI): it indicates direction of the CPI

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It continue rising.

Other economic supplemental indicators

Interest Rates:

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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:

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Trade is stable and improves a bit.

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After all, economy has improved and we are at the cycle of recovering trend.

U.S. Dollar

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Dollar is recovering and will continue its trend in the coming week.

Money Supply

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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

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S&P 500 (SPX) - Mid Range

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NASDAQ Composite (IXIC) - Upper Range

 

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Stock market seems will cool down a bit in the coming week.

Bond Market

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Bond market was strong this week but it comes down in the coming week.

Commodity

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Gold continues losing status of hedging in the coming week.

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Copper is a new high indicates that emerging market is continue improving.

Crytomarket

Bitcoin

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Bitcoin option in the income week indicate the price may move upward.

Ethereum

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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:

Doge Analysis 12-28-21📈

Doge Analysis 01-01-21📈

Doge Analysis 01-02-21📈

Doge Analysis 01-11-21📉

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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.

 

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xuanling11
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