Financial Markets The US equity market started the week on a neutral note, but on Friday things changed. This week the S&P500 and the NASDAQ 100 lost 1.7% and 2.3%, respectively. The small cap index (Russel 2000) was even weaker and dropped 3.7%. Trading volumes were average. The metals were strong: gold and silver gained 1.8% and 0.9%, respectively. Gold closed the week at 2935$, another all-time-high. Gold may continue up to 3k$, a round number, but silver has resistance at 33$. WTI closed the week at 70.2$/bbl, and is still at a support level - if it breaks down, the next target is 67$. Bitcoin was unchanged, and continues trading in the 91-109k$ range. The relative strength of the US dollar (DXY) fell just slightly this week and is around ~106.6. The EUR/USD is around 1.045$, the GBP/USD is at 1.263$, and the USD/JPY is at 149.22 JPY. US M2 money supply at the date of 30th December 2024 was up by 0.4%. We are waiting for the January 2025 update. The national financia...

Financial Markets The US equity market continues trading mostly sideways. This week the S&P500 and the NASDAQ 100 gained 1.5% and 2.9%, respectively. The small cap index (Russel 2000) was essentially flat. Trading volumes were slightly higher than average. The metals were positive: gold and silver gained 0.8% and 1.1%, respectively. Gold closed the week at 2882$, another all-time-high. However, Friday was weak for the metal and the rally may be losing a bit of momentum. Silver encountered resistance at 33$ and seems to be topping out at current levels. WTI closed the week at 70.49$/bbl, a short term support, but may fall down to 67$ in the next weeks. Bitcoin has risen 1.33% for the week, and continues stuck in the range 91-109k$. The relative strength of the US dollar (DXY) fell again this week (~107). The EUR/USD is around 1.049$, the GBP/USD is at 1.259$, and the USD/JPY is at 152.28 JPY. US M2 money supply at the date of 30th December 2024 was up by 0.4%. The nation...

Financial Markets In the past two weeks, the US equity market exhibited a repetitive behavior, gaping down on Monday, recovering during the week and then falling on Friday. This week the S&P500 fell 0.25% and the NASDAQ 100 was flat. The small cap index (Russel 2000) was also essentially flat. Trading volumes were slightly higher than average. The metals were positive: gold and silver gained 2.2% and 1.5%, respectively. Gold closed the week at 2860$, another all-time-high. Gold can continue the rally up to 3000$ in the next couple of weeks before correcting. Silver gained some strength lately but seems to be topping out at current levels - if it continues running up, the next resistance is at 34-35$/oz. WTI fell to 71$/bbl, a short term support, but may fall down to 67$ in the near future. Bitcoin fell 1.7% and seems like it is going to continue trading in the range 91-109k$. The relative strength of the US dollar (DXY) fell slightly this week (~108). The EUR/USD is aroun...