US Dollar Weekly Report – 05 Nov 2024
The longer- term bearish outlook on the US currency remains valid.
Further medium - term range trading is preceding the eventual bear trend.
We “ await” US presidential election and then “await” the FOMC meeting.
Then we will “digest” the results before “awaiting” the next important economic figures….
JSE TOP 40 Index Note – 04 Nov 2024
The expected and current market consolidation seems to be forming a bullish continuation pattern.
This phase is most probably building a base for further gains, as part of the larger bull trend.
Weekly Rand Report – 04 Nov 2024
Please find attached the weekly USD/ZAR report.
Brent: The bigger Picture – 31 Oct 2024
Please find attached the preferred medium and long term outlook on Brent.
US Dollar: The Bigger Picture – 30 Oct 2024
Our longer- term bearish stance on the Greenback remains valid and is ongoing.
Recent gains have, however indicated that the 18-month-old consolidation phase remains in force, effectively postponing the larger bearish potential.
The long-term monthly analysis confirms the respective weekly views.
The US presidential election and upcoming FOMC meeting could result in volatility, but this report does not take any fundamental drivers in consideration as a purely technical outlook.
Users can overlay and include their own perceptions and analyses.
JSE TOP 40 Index: The Bigger Picture – 29 Oct 2024
Please find attached the monthly, long term JSE TOP 40 index update.
Cryptocurrencies- The Bigger Picture – 28 Oct 2024
Bitcoin and Ethereum’s technical pictures continue to diverge.
While BTC is consolidating as part of a cyclical bull trend, the long-term outlook for ETH remains more muted with volatile moves within a wide triangular trading range.
The main goal of long-term analysis is to portray possible large trends as the primary driver of returns and profits.
It is not a trading or timing input but can be used confirm the medium- and shorter-term views.
Rand Monthly Report – 28 Oct 2024
Please find attached the month-end Rand report where we examine the local currency against the major global counterparts.
US Dollar Weekly Report – 22 Oct 2024
While the longer- term bearish outlook on the US currency remains valid, medium- and short-term outcomes were adjusted since last week’s report.
The alternative outcome of consolidating market action was validated by extended short term appreciation beyond pivotal levels.
Further medium - term range trading has postponed the still relevant and eventual bear trend to new lows.