$CNIRYY -China's CPI (November/2024)ECONOMICS:CNIRYY
November/2024
source: National Bureau of Statistics of China
- China’s annual inflation rate unexpectedly eased to 0.2% in November 2024 from 0.3% in the previous month, falling short of market forecasts of 0.5% and marking the lowest figure since June.
This slowdown highlighted mounting deflation risks in the country despite recent stimulus measures from Beijing and the central bank's supportive monetary policy stance.
Food prices rose the least in four months (1.0% vs 2.9% in October), driven by softer increases in both fresh vegetables and pork. Meantime, non-food prices remained unchanged (vs -0.3% in October), with further rises in the cost of healthcare (1.1% vs. 1.1%) and education (1.0% vs 0.8%) and more declines in prices of transport (-3.6% vs -4.8%) and housing (-0.1% vs -0.1%). Core consumer prices, excluding food and energy, rose 0.3% yoy, the most in 3 months, after a 0.2% gain in October. Monthly, the CPI fell 0.6%, surpassing October's 0.3% fall and the estimated 0.4% drop while pointing to the sharpest decrease since March.
Economy
S&P 500 Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
During this week's trading session, the S&P 500 index demonstrated a consistent and measured sleepwalking upward trajectory towards our target of Outer Index Rally 6123, with potential for further advancement to the subsequent Outer Index Rally level at 6233. This notable ascent toward the target of 6123 is anticipated to result in a pullback to the Mean Support level of 6049, thereby facilitating the next phase of the bullish trend.
EUR/USD Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
The Eurodollar has demonstrated strong upward momentum during this week's trading session. It retreated to our designated support level, Mean Support at 1.049. Then, it bounced back vigorously to retest the significant resistance level, Mean Resistance, marked at 1.060, which was reached in the previous week's price action. The Eurodollar appears poised to move toward the target value of Inner Currency Rally 1.072 after surpassing the critical resistance level at 1.060. However, it is essential to note that the Eurodollar may retest the support level at 1.049 before continuing its upward trend.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
Bitcoin displayed substantial volatility during this week’s trading sessions, reaching our Mean Support level of 91800 and completing our Inner Coin Rally of 103600. Currently, the threshold for Bitcoin is established at Mean Support 96000, with the completion of the Inner Coin Rally 103600 now noted. Recent analyses indicate that the cryptocurrency will likely surpass the completed Inner Coin Rally 103600, which may rekindle its upward trajectory towards the anticipated Outer #1 Coin Rally 110000 and beyond. The possible pullback to Mean Support 96000 will effectively position the market for the next phase of a bullish trend.
Are we waiting for #FOMO in #SPX to spark Fomo in #BITCOINSeems, clear to me the obvious answer is YES!
So let's cheer on #STONKS cracking 5,000 on the #S&P
As we would likely see risk be fully turned on, and cash to flow into the #Crypto space.
FWIW
I think the #Economy stinks
but that doesn't necessarily mean assets can't go up in number.
There are plenty of examples where this is the case.
Argentina. Turkey and so on.
#BLOWOFFTOP scenario is still in play.
Can the Brazilian Real Survive its Perfect Economic Storm?In the intricate world of global finance, few narratives are as compelling as Brazil's current economic crucible. The Brazilian real stands at a precipice, buffeted by a confluence of domestic policy missteps and international economic pressures that challenge the very foundations of its monetary stability. President Lula's administration finds itself wrestling with a complex challenge: balancing ambitious social spending with the cold, hard realities of fiscal discipline.
The currency's dramatic decline—losing nearly 20% of its value in recent months—represents more than a mere statistical fluctuation. It is a profound referendum on investor confidence, reflecting deep-seated concerns about Brazil's economic management. The potential depreciation to 7 reals per dollar looms like a specter, threatening to unleash inflationary pressures that could destabilize the entire economic ecosystem, from local markets to international trade relationships.
What emerges is a high-stakes economic drama with global implications. The Brazilian real's struggle is not just a national issue, but a microcosm of the broader challenges facing emerging economies in an increasingly unpredictable global financial landscape. As central bank governors, international investors, and policymakers watch with bated breath, Brazil stands at a critical juncture—its choices will not only determine its economic trajectory but potentially reshape perceptions of emerging market resilience in the face of unprecedented economic volatility.
S&P 500 Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
In this week's abbreviated trading session, the S&P 500 index has demonstrated significant upward movement, successfully retesting the completed Outer Index Rally level of 6000 and maintaining its position above the Mean Resistance level of 6008. The primary objective is to reach the Outer Index Rally target of 6123, with the potential for further extension to the subsequent Outer Index Rally level at 6233. This notable ascent toward the Outer Index Rally target of 6123 is projected to induce a pullback to the Mean Support level of 6000, facilitating the bullish trend's next phase.
EUR/USD Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
The Eurodollar has shown strong upward momentum during this week's trading session, reaching a newly identified resistance level of 1.060. It seems ready to move toward the target value of Currency Rally 1.072. However, it is important to note that the Eurodollar will likely retest the support levels at 1.054 and possibly 1.049 before continuing its upward trajectory.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
Bitcoin has significantly declined below our Mean Support level of 94400. Nevertheless, the momentum of the bull market has been a pivotal factor, allowing Bitcoin to rebound robustly and heading to retest the established Outer Coin Rally target 99500. Current analysis indicates that the cryptocurrency is poised to surpass the 99500 threshold, consequently reigniting its upward trajectory towards the forthcoming Outer Coin Rally target at 110000. The pullback to Mean Support 95600 and possibly to 91800 is strategically positioning the market for the next phase of the bullish trend.
$EUIRYY -Europe CPI (November/2024)ECONOMICS:EUIRYY
November/2024
source: EUROSTAT
Euro Area Inflation Rate Rises to 2.3% as Expected
-The annual inflation rate in the Eurozone accelerated for a second month to 2.3% in November from 2% in October, matching market expectations, preliminary estimates showed.
This year-end increase was largely expected due to base effects,
as last year’s sharp declines in energy prices are no longer factored into annual rates.
Prices of energy decreased less but inflation slowed for services.
BTC is going finally to 100k?Hey guys!
We finishing this week with nice news?
So quick update about bitcoin situation. We have here bull MA crossing oon 4H TF, so we can potentially see some long movement on the weekends. Another bull sign can be a Thannksgiving Day, so markets can react positive.
On the other hand we have descending volumes and not really active movement.
Don't forget to use SL and follow risk management!
What's your thoughts about the short market condition?
$USCPCEPIMM -U.S PCE (October/2024)ECONOMICS:USCPCEPIMM
October/2024
source: U.S. Bureau of Economic Analysis
-The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.3% from the previous month in October 2024, the same pace as in September and matching market forecasts.
Service prices rose by 0.4%, while goods prices decreased 0.1%. Year-on-year, core PCE prices rose by 2.8% in October, the most in six months, also in line with market estimates.
S&P 500 Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook:
In this week's trading session, the S&P 500 index has exhibited notable stability at the previously completed Mean Support level of 5856. Following this stabilization, the index is progressing toward a retest of the completed Outer Index Rally level of 6000 and the Key Resistance threshold of 6008. This substantial upward movement may/will precipitate a decline toward the Mean Support level 5920. However, it is crucial to recognize that reaching this support level or any pullback will facilitate a price rebound, thereby positioning the market for the subsequent phase of the bullish trend. This trend will be aimed at the Next #1 Outer Index Rally target of 6123 and potentially extend beyond that level in the near future.
EUR/USD Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook:
As outlined in the analysis from the previous week, the Eurodollar has maintained its pronounced downward trajectory with notable intensity. It has successfully breached the completed Inner Currency Dip at 1.050. It penetrated the subsequent Outer Currency Dip at 1.042 by completing the significant Outer Currency Dip at 1.035 during this week’s trading session. It is essential to recognize that following this vital completion, the currency is positioned to rebound toward Mean Resistance at 1.048 before resuming its downward movement.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 22, 2024Technical Analysis and Outlook:
The price of Bitcoin, which remained at or below the completed Outer Coin Rally of 92000 during the preceding week, has successfully broken through this level this week, thus completing our Outer Coin Rally of 99500. The current analysis indicates that the cryptocurrency coin will likely experience a retracement to the Mean Support level of 94400 before embarking on its subsequent bullish trajectory, targeting our forthcoming Outer Coin Rally at 110000. This development signifies the conceivable continuation of a sustained bull market.
$JPIRYY -Japan's Inflation Rate (October/2024)ECONOMICS:JPIRYY 2.3%
October/2024
source: Ministry of Internal Affairs & Communications
-The annual inflation rate in Japan fell to 2.3% in October 2024 from 2.5% in the prior month, marking the lowest reading since January.
Electricity prices saw the smallest increase in six months (4.0% vs 15.2% in September), as the effects of the energy subsidy removal in May diminished.
Also, gas prices rose more slowly (3.5% vs 7.7%).
In addition, costs slowed for furniture and household utensils (4.4% vs. 4.8%) and culture (4.3% vs. 4.8%).
Moreover, prices dropped further for communication (-3.5% vs -2.6%) and education (-1.0% vs. -1.0%).
On the other hand, prices edged higher for food (3.5% vs 3.4%) and housing (0.8% vs. 0.7%). Meanwhile, transport prices jumped (0.5% vs. 0.1%) amid faster rises in cost of clothing (2.8% vs 2.6%), healthcare (1.7% vs 1.5%), and miscellaneous items (1.1% vs 0.9%).
The core inflation rate hit a six-month low of 2.3%, down from September's 2.4% but above estimates of 2.2%.
Monthly, the CPI increased by 0.4%, a reversal from a 0.3% fall in September.
$GBIRYY -U.K Inflation Rate Above Forecasts (October/2024)ECONOMICS:GBIRYY 2.3%
October/2024
source: Office for National Statistics
- Annual inflation rate in the UK went up to 2.3% in October 2024, the highest in six months, compared to 1.7% in September.
This exceeded both the Bank of England's target and market expectations of 2.2%.
The largest upward contribution came from housing and household services (5.5% vs 3.8% in September), mainly electricity (-6.3% vs -19.5%) and gas (-7.3% vs -22.8%), reflecting the rise of the Office of Gas and Electricity Markets (Ofgem) energy price cap in October 2024.
Also, prices rose faster for restaurants and hotels (4.3% vs 4.1%) and rebounded for housing and utilities (2.9% vs -1.7%). Prices of services increased slightly more (5% vs 4.9%), matching estimates form the central bank.
On the other hand, food inflation was steady at 1.9% and the largest offsetting downward contribution came from recreation and culture (3% vs 3.8%).
Compared to the previous month, the CPI increased 0.6%. Finally, annual core inflation edged up to 3.3% from 3.2%.
S&P 500 Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook:
During the current trading session, the S&P 500 index has demonstrated considerable weakness by reaching the significant Outer Index Rally target 6000, as indicated in the S&P 500 Daily Chart Analysis dated November 8. This decline has initiated a substantial pullback, as the index has fulfilled a key target of 6000. As a result, it has significantly decreased to the newly established Mean Support level of 5856, which suggests a potential continuation of the pullback toward the Mean Support levels of 5765 and 5700. However, it is essential to acknowledge that attaining these Mean Support levels may create the conditions for an upward price rebound before entering the subsequent phase of the bullish trend.
EUR/USD Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook:
As anticipated in last week's analysis, the Eurodollar has sustained its downward trajectory with notable intensity, successfully reaching all predefined targets: Mean Support at 1.069, Key Support at 1.062, a retest of the completed Inner Currency Dip at 1.060, and the realization of the Inner Currency Dip at 1.050. While this downward movement is significant, the following primary target is the Outer Currency Dip at 1.042. It is imperative to acknowledge and initiate a rebound, which is currently taking place, guiding prices back toward the newly established Mean Resistance at 1.063 before resuming the down movement.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook:
According to my analysis of Bitcoin, as I have previously forecasted for Aeon, Bitcoin achieved the target of $92,000 in the past week. Although it has since retraced to the Mean Support level of $86,500, Bitcoin is currently at the top, regaining momentum, and is projected to hit the Outer Coin Rally of $99,500 and a subsequent target of $110,000. Currently, wwe are hovering near the $100,000 threshold, which indicates the commencement of a significant bull market. It is essential to acknowledge that this journey has been lengthy and demanding, and further volatility is anticipated. Nevertheless, patience will likely yield substantial rewards for those who have remained committed thus far. Recognizing that reaching these targets in all probability will trigger selling pressure is crucial.
$USIRYY -U.S CPI (October/2024)ECONOMICS:USIRYY @2.6%
(October/2024)
source: U.S. Bureau of Labor Statistics
- US Inflation Rate Picks Up
The annual inflation rate in the US increased to 2.6% in October,
from 2.4% in September and in line with market expectations.
On a monthly basis, CPI rise by 0.2%, consistent with the previous three months with shelter index up 0.4%, accounting for over half of the monthly increase.
Meanwhile, core inflation stayed at 3.3% annually and 0.3% monthly.
SPX Ratio on Stock600Hello,
A little comparison between two markets, the SP500 and the Stock600.
I made a little ratio to see where the money is going!
The result is clear, the currency is going to the USA and not to old Europe.
Does Europe still have a future, with 27 countries!
Your opinion interests me.
Make your opinion, before placing an order.
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Another European stock in trouble? Double top on #LOREAL #LOR
seems to be in progress
and a further weakening of the eurozone
By the time this massive double top has confirmed with a breakout
a 1/3 of the stocks's value would have been shed
Ultimately if we get a major downturn
Loreal could be down to 150 zone