DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
❤️Please, support my work with like, thank you!❤️
Indexes
Dollar Index (DXY): One More Clear Sign of Strength
Looks like Dollar Index is going to continue rising.
After an extended accumulation within a horizontal parallel channel,
the market violated its upper boundary on Friday.
Bullish trend will most likely continue.
Next goal - 110.5
❤️Please, support my work with like, thank you!❤️
FTSE (UK100)BIAS: BULLISH
The FTSE(UK100) still ranging between 8400 and 8000... Break range and expect a big move (9K or retest 7800).
That rejection of 8100 makes me bullish bias X 2
If bias was to change
A solid push and resistance found around 8100-8000 would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
$SPX - idea from the historyI've just faced an unpublished idea about SP:SPX . Will publish it in the mid on the road. )
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view.
$JPIRYY -Japan's CPI (November/2024)ECONOMICS:JPIRYY
(November/2024)
source: Ministry of Internal Affairs & Communications
- The annual inflation rate in Japan climbed to 2.9% in November 2024 from 2.3% in the prior month, marking the highest reading since October 2023.
The core inflation rate rose to a 3-month high of 2.7% in November,
up from 2.3% in October and surpassing estimates of 2.6%.
Monthly, the CPI increased by 0.6%, the highest figure in 13 months.
$USGDPQQ -U.S GDP (Q3/2024)ECONOMICS:USGDPQQ
(Q3/2024)
source: U.S. Bureau of Economic Analysis
- The US economy expanded an annualized 3.1% in Q3, higher than 2.8% in the 2nd estimate and above 3% in Q2.
The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment.
Imports, which are a subtraction in the calculation of GDP, were revised up.
$GBINTR -U.K Interest RatesECONOMICS:GBINTR
(December/2024)
source: Bank of England
The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting,
in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence.
The central bank reinforced that a gradual approach to removing monetary policy restraint remains appropriate and that monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term have dissipated further.
The central bank will continue to decide the appropriate degree of monetary policy restrictiveness at each meeting.
$JPINTR - Japan's Interest RateECONOMICS:JPINTR
(Devember/2024)
source: Bank of Japan
-The Bank of Japan (BoJ) maintained its key short-term interest rate at around 0.25% during its final meeting of the year, keeping it at the highest level since 2008 and meeting market consensus.
The vote was split 8-1, with board member Naoki Tamura advocating for a 25bps increase.
Thursday's decision came despite the US implementing its third rate cut this year, as the BoJ needed more time to assess certain risks, particularly US economic policies under Donald Trump and next year's wage outlook.
The board adhered to its assessment that Japan's economy is on track for a moderate recovery, despite some areas of weakness.
Private consumption continued its upward trend, aided by improving corporate profits and business spending. Meanwhile, exports and industrial output remained relatively flat.
On inflation, the YoY figures have ranged between 2.0% and 2.5%, driven by higher service prices.
Inflation expectations showed a moderate rise, and the underlying CPI is expected to add gradually.
$GBIRYY -U.K CPI (November/2024)ECONOMICS:GBIRYY
(November/2024)
source: Office for National Statistics
- The annual inflation rate in the UK edged up for a second month to 2.6% in November 2024 from 2.3% in October, matching forecasts.
It is the highest inflation rate in eight months,
with prices rising at a faster pace for recreation and culture (3.6% vs 3% in October),
mostly admission fees to live music events and theaters and computer games;
housing and utilities (3% vs 2.9%), particularly actual rents for housing; and food and non-alcoholic beverages (2% vs 1.9%).
In addition, transport prices fell much less (-0.9% vs -1.9%) as upward effects from motor fuels and second-hand cars were partially offset by a downward effect from air fares.
Meanwhile, services inflation was steady at 5%.
Compared to the previous month, the CPI edged up 0.1%, less than 0.6% in October and matching forecasts.
The core CPI rose 3.5% on the year from 3.3% in October but below forecasts of 3.6%.
On the month, core prices stalled.
Dollar Index (DXY): One More Bullish Movement
Yesterday, I predicted a nice pullback on Dollar Index.
It looks like today, we have one more.
The price testing a key intraday/daily horizontal support
and formed a double bottom on that.
Bullish violation of its neckline may push the market higher.
Goal - 107.1
❤️Please, support my work with like, thank you!❤️
$USIRYY -U.S CPI (November/2024)ECONOMICS:USIRYY
(November/2024)
source: U.S. Bureau of Labor Statistics
"US Inflation Rate Rises to 2.7%, Matching Expectations "
-The annual inflation rate in the US rose to 2.7% in November,
from 2.6% in October and matching markets expectations pushed up by food cost.
On a monthly basis, the CPI increased by 0.3%, the most since April, slightly above October's 0.2%, driven mostly by higher prices of shelter.
SPY/S&P500: in the mid-term resistance zonePrice has approached the upper border of the mid-term resistance zone: 598-612.
Until price closes bellow 612, I am preparing for the start of a correction to mid-term support: 564-540.
If price moves confidently above 612, than next resistance target is at 635 level.
The macro-structure of the uptrend from 2022 lows is well intact until price holds above 540 level and assumes higher targets for 2025 at 635-640-670 levels.
I wish everyone Merry Christmas and successful and profitable 2025!
Thank you for your attention.
Dollar Index (DXY): Time to Fill the Gap?!
I guess you saw this gap down that was formed this night on Dollar Index.
Analysing a price action today, it looks like the market is preparing to fill it.
I see a nice bearish trap and inducement followed by a bullish imbalance
on an hourly.
I think that the index will go up to the gap opening level soon.
Goal - 106.11
❤️Please, support my work with like, thank you!❤️
S&P500 INDEX (US500): One More Bullish Confirmation
S&P500 leaves one more bullish clue after a recent test of a daily support.
This time, the price managed to violate a resistance line of a falling
parallel channel.
With a high probability, the index will reach 5954 level soon.
❤️Please, support my work with like, thank you!❤️
s&p weeklyS&P weekly
Is one of the famous index of the New York Stock Exchange
This wave of movement has been the last 1 year of this index since November last year
As can be seen,
it has begun to move near the floor of a 4 -year -old channel
And it is passing through the Fibonacci level of 0.786.
5 of 5
or ending diagonal
(Crazy wave)
That can be a small 5 wave
I am currently moving up to 6300
The motion that started from 4100
50 % return on 1 year.
S&P500 INDEX (US500): Your Trading Plan Explained
S&P500 index is testing a recently broken daily horizontal resistance.
With a high probability, it turned into support.
To buy the market with a confirmation, pay attention to a double bottom
pattern on a 4H.
If the price breaks and closes above 5899, it will give us a strong bullish confirmation.
The market will go up at least to 5954 level then.
If the price drops lower and sets a new lower low, the setup will be invalid.
❤️Please, support my work with like, thank you!❤️