Financial Markets (Weekly) Week-on-week, the main stock market indices were mostly unchanged (S&P500 and NASDAQ 100), while the RUSSEL 2000 was up by 1.4%. Gold was barely changed (+0.2%) and is holding the ~2320%/oz level. If gold breaks below the 2300$ level, it could fall until ~2150$/oz.  Silver fell 1.4%, and still seems to be in a downward trend (the next support should be around 28$). The barrel of WTI rised 1.1% to ~82$ per barrel. It looks like WTI could continue in the range of 75-85 USD/bbl over the next weeks. Bitcoin fell 2.5% and is around 61300$. It has been in the range of 60k-72k$ since March 2024, and if if falls below 60k the sentiment might turn more bearish and risk averse. The relative strength of the US dollar (DXY) is slightly up (+0.3%), and has been stable in the range 104-106 since April 2024. Financial conditions (NFCI) have halted the loosening trend and may tighten a bit in the next days or weeks. We now need to see if this is a trend reve...

Financial Markets (Weekly) Week-on-week, the main stock market indices were slightly up, with the S&P500 up 0.6%, the NASDAQ 100 up 0.2%, and the RUSSEL 2000 up 1.0%. Gold fell 0.5% and is holding the ~2320%/oz level. If gold breaks below the 2300$ level, it could fall until ~2150$/oz.  Silver is unchanged relative to the previous week, and still seems to be in a downward trend (the next support should be around 28$). The barrel of WTI rised 2.7% to ~80$ per barrel. It looks like WTI could continue in the range of 75-85 USD/bbl over the next weeks. Bitcoin fell 3.9% and is around 64000$. It has been in the range of 60k-72k$ since March 2024 and if if falls below 60k, the sentiment might turn more bearish and risk averse. The relative strength of the US dollar (DXY) is slightly up (+0.3%), and has been stable in the range 104-106 since April 2024. Financial conditions (NFCI) loosened again relative to the previous week.  Based on the current trend, we predict  ...

Financial Markets (Weekly) Week-on-week, the main stock market indices were up, with the S&P500 up 1.6%, the NASDAQ 100 up 3.5%, and the RUSSEL 2000 down 1.0%. Gold rised 1.7%, recovering the price of the previous week. If gold breaks below the 2300$ level, it could fall until ~2150$/oz.  Silver rised 1.3% relative to the previous week, but it seems to be on a down trend (support should be around 28.5$). The barrel of WTI recovered 4.1% to ~78$ per barrel. Based on the downtrend of the past 8 weeks, we need to watch the 75$ level - if it breaks, the next support is around 68-70$. Bitcoin fell 4.3% and is around 67000$. It has been in the range of 60k-72k$ since March 2024. The relative strength of the US dollar (DXY) is slightly up (+0.6%), but has been stable in the range 104-106 since April 2024. Financial conditions (NFCI) loosened again relative to the previous week.  Based on the current trend, we predict  that financial conditions could hit a wall in the wind...