This Week in Trend – 9 August 2024: “Market Volatility Puts Trend Followers on the Edge! ”
This Week in Trend: Market Volatility Puts Trend Followers on the Edge!
In this week’s edition of “This Week in Trend,” we unpack the intense market volatility that rocked the financial world. With the Trend Barometer rising to 61% and the SG Trend Index taking a hit, this report dives deep into the factors behind the sharp equity market selloff on August 5th, triggered by Japan’s surprise rate hike and a disappointing U.S. jobs report.
For trend followers, this week was a rollercoaster ride—rapid changes in market sentiment disrupted established trends, presenting both challenges and opportunities. From Cocoa’s dramatic surge to Silver’s continued decline, we analyze the top market movers and what they mean for your trading strategy.
Will the dust settle, or is this just the beginning of a more prolonged shift? Stay informed, stay ahead. Read the full report now to understand the trends that could shape the markets in the days to come!
Click on the link to view the report.