Financial Markets This week started with Trump's inauguration and the equity markets celebrated. The S&P500 and the NASDAQ 100 gained 1.7% and 1.6%, respectively. The small cap index (Russel 2000) fell ~1%. Trading volumes were average. The metals were positive: gold and silver gained 2.5% and 0.6%, respectively. Gold closed the week at 2770$, close to all-time-highs - this level should be short-term resistance. Silver will likely continue trading sideways as it doesn't show any prominent price trend. WTI fell to 74.5$/bbl and will likely trade in the 71-76$ range in the near future. Bitcoin temporarily made a new all-time high of 109k$, but these levels seem to be near-term resistance - a lot of profit taking is probably going on. The relative strength of the US dollar (DXY) fell considerably this week (~107). The EUR/USD is around 1.049$, the GBP/USD is at 1.248$, and the USD/JPY is at 155.95 JPY. US M2 money supply at the date of 25th November 2024 was up by 0.6...

Financial Markets The week started weak on the equity markets, but quickly turned around and the main stock market indices ended in the green - the S&P500 and the NASDAQ 100 gained 2.9% and 2.8%, respectively. The small cap index (Russel 2000) recovered 4.1%. Trading volumes were average. The metals were volatile but closed the week without much change relative to the previous week - gold gained 0.4% and silver lost 0.2%. Gold is looking more bullish, but will encounter resistance at ~2750$/oz. Silver will likely trade in the range of 28-31$/oz during the next weeks. WTI traded higher, but retraced after hitting 80$, and ended the week at ~77$/bbl. Oil can trade in any direction from here. Bitcoin is at an all-time high of 104500$, which is naturally a resistance level, but nothing is impossible at this point. If crypto momentum and optimism with the new US presidency continues, bitcoin will charge on. The relative strength of the US dollar (DXY) moderated only so slightly...

Financial Markets The first full trading week of the new year was clearly on correction mode on the equity markets. The main stock market indices were down, with the S&P500 and the NASDAQ 100 losing 1.9% and 2.2%, respectively. If the correction continues, the next likely supports on the SPX are around 5780$ and 5650$. The small cap index (Russel 2000) showed even more weakness and a flight to safety mentality, falling 4.2% for the week. Trading volumes were back to normal values, indicating a solid correction which can continue over the next couple of weeks. The metals were up - gold and silver gained 1.9% and 2.8%, respectively. For the moment being, gold is defending the lower edge of the current trading channel. Silver retraced close to 31$/oz during the week, but is looking weaker and might fall to 28$/oz in the next weeks. WTI rised 3.4% and is now above the 75$ level. If the moment continues in WTI, it can go up to 82$ over the next weeks before finding significant...

Financial Markets The first two trading days of the year were mixed. 2025 opened with strong selling action, and then recovered somewhat on Friday. The main stock market indices were little changed, with the S&P500 and the NASDAQ 100 losing 0.5% and 0.7%, respectively. The small cap index (Russel 2000) gained 1.1% for the week. This week, trading volumes were still lower than average, which is typical for the holiday season - next week, trading should progressively go back to normal. The metals were quiet - gold and silver gained 0.7% and 0.8%, respectively. Gold is on the edge of the current trading channel and is starting to look more and more bearish. If there is some momentum left to gold, it should move up soon, other wise we favor the downside - 2500$/oz is the likely target/support in the near term. Silver is looking weaker and might fall to 28$/oz in the near future. WTI rised 5.5% to 74$ and should continue in the 67-75$ range in the near future. Bitcoin went up to...