Roadmap for fine gains

Monica Kingsley Monicakingsley

S&P 500 delivered on my Thanksgiving and Friday‘s expectations by holding up and rising, with Russell 2000 joining in – another great day for clients swing and intraday too. As Bitcoin is making another push through $95K, remember my right after elections crucial call on what was to outperform then. Pay special attention to KRE vs. (a great leader otherwise) XLF, and to the crypto realm Ellin is focusing on. Within my domain, clients across equities and real assets with plain just Bitcoin had been prepared finely for this fine weekend too. was good enough for slow extension of clients‘ swing gains, and for quick intraday ones too.

As for macro drivers, I‘m bringing you another call that turned out great, and that‘s the one regarding yields retreat. My macroeconomic views about no recession, slowly increasing productivity, resilient consumer and Fed rate cuts expectations being slowly dialed back as we get ready to enter 1H 2025, are well known, so enjoy the VIX chart with bond market volatility message as well.

I hope you had a great Thanksgiving, let‘s enter the Santa Claus rally time on as upbeat note as always – we have plenty of reasons to looking backwards at successes delivered, and ahead too.

Crude Oil

This is at crossroads, and I mean rather the oil itself than oil stocks. While the cornerstone for rising prices was laid a week ago, now it‘s back to the lower border of the range, with bullish momentum lacking, and only lower volume giving some hint of maybe sellers‘ conviction waning. The last three days of no upside progress have been undeniably underwhelming.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD hits two-day highs near 1.1820

EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.

GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

Three scenarios for Japanese Yen ahead of snap election

The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.