This is more comprehensive overview on market in general.
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I will go over global financial market primary in U.S., currency index, commodities, bonds, stocks, and forecast on upcoming week.
Here we go!
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Major Economy Indicators
Gross Domestic Product (GDP): indicators of economy growth or decline.
It seems GDP has improved a lot.
We were at the historical low point of GDP in 2020 which is -31.40!
How are we getting there and why the fluctuation was sooooooo high?
One of the problem is national debt!
We are at 130.66% debt to GDP ratio which means we need to pay $1.3 to earn $1.
in 2025, we need to pay $2 to earn $1.
What?????
We are continue earning less as you can see the housing price has exponential since 1980s.
Another way to look at it is your spending power in CPI.
Consumer Price Index (CPI): it implies inflation rate.
It continue increasing which implies the inflation is continue rising.
However, our spending power has even further decreased!
Consumer Confidence Index (CCI): it implies financial market sentiment.
It decrease a bit this month.
Job Growth: it indicates economic expansion or shrinking
Unemployment Number:
Job market has improved a bit.
Housing Starts: it indicates economic expansion or shrinking
Producer Price Index (PPI): it indicates direction of the CPI
It continues trading higher.
Other economic supplemental indicators
Interest Rates:
Inflation continues low as the money continue printing.
Money Supply
We are still printing out of trouble strategy in the short term.
Trade Balance Index:
We has not yet seen trade improve and I will not foresee any improvement in the near future.
Here is the Summary of the major economic indicators.
The world economy continue improving from 2020 and beyond. My position is Bull in the coming week.
However, overall economy may not the indicator of financial market performance!
Stock Market
Dow Jones Industrial Average (DJI) - Lower Range
Sideways trading.
S&P 500 (SPX) - Mid Range
Downward trending
NASDAQ Composite (IXIC) - Upper Range
Downward trending
Volatility S&P 500 (VIX) - Risk Range
Upward trending.
Bond Market
US 10-year Bond Yield
Trending downward. due to low interest rate.
Commodity
Gold
Silver
Lithium
Lithium is future energy source and it indicates the innovation that can replace oil industry.
Copper
It indicates merging market trend and it will slow down in the coming week.
Crude Oil
Crude oil is continue downward trending. However, economy recovery can help to recover the price.
Crytomarket
Bitcoin
Bitcoin call volume significant drops and price correction may come in the week. However, it may stable around $30K.
Ethereum
Ethereum buy volume increase indicate the price may move upward in the coming week.
Here is the Summary of the asset market.
Thanks for reading and see you next week!
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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21??
Bitcoin Technical Analysis 01-08-21??
Bitcoin Technical Analysis 01-09-21??
Bitcoin Technical Analysis 01-10-21??
Bitcoin Technical Analysis 01-11-21??
Bitcoin Technical Analysis 01-12-21??
Bitcoin Technical Analysis 01-13-21??
Bitcoin Technical Analysis 01-14-21??
Bitcoin Technical Analysis 01-15-21??
Bitcoin Technical Analysis 01-16-21??
Bitcoin Technical Analysis 01-17-21??
Bitcoin Technical Analysis 01-18-21??
Bitcoin Technical Analysis 01-19-21??
Bitcoin Technical Analysis 01-20-21??
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21??
Ethereum Technical Analysis 01-08-21??
Ethereum Technical Analysis 01-09-21??
Ethereum Technical Analysis 01-10-21??
Ethereum Technical Analysis 01-11-21??
Ethereum Technical Analysis 01-12-21??
Ethereum Technical Analysis 01-13-21??
Ethereum Technical Analysis 01-14-21??
Ethereum Technical Analysis 01-15-21??
Ethereum Technical Analysis 01-16-21??
Ethereum Technical Analysis 01-17-21??
Ethereum Technical Analysis 01-18-21??
Ethereum Technical Analysis 01-19-21??
Ethereum Technical Analysis 01-20-21??
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You can reference my previous Dogecoin analysis here:
Doge Analysis 01-11-21??
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You can reference my previous Cryptomarket analysis here:
Crytomarket Weekly Overview 1-8-21 to 1-15-21????
Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
