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AMT Top Ten Miscellaneous Spiders for the 1st of March 2024

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Spiders for the 1st of March 2024

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10. Palystes: Huntsman spiders known in South Africa as ‘rain spiders’ are nocturnal and visit indoors, sometimes causing horror for those stumbling through hallways in the middle of the night. But it is better than a baboon entering the house.

9. Victor Wembanyama: Last night’s stat line included 28 points, 13 rebounds, 5 blocks, 5 3pts made, 7 assists, 2 steals in less than 33 minutes played. The rookie is already one of the best NBA players. Btw, the Spurs beat the Thunder also.

8. Tech: Chinese cars are now in the crosshairs of U.S politicians who are worried the ‘smart’ vehicles can collect sensitive data from Americans.

7. Crypto: Bitcoin above 61,000.00 USD, Ethereum over 3,300.00, and Binance Coin testing 400.00 even as the company remains under U.S legal shadows. How much air can the balloons withstand?

6. Putin’s Nuclear Threats: In a world with escalating geo-political tension, the Russian leader remains determined and energetic while playing ‘war poker’ against Europe.

5. U.S Data: Core PCE Index numbers yesterday met expectations, but the previous month’s outcome was revised downwards. Today a Consumer Sentiment reading comes from the University of Michigan. This week’s U.S data has mostly been pleasantly ‘weaker’.

4. Central Banks: Fed ‘watchers’ are likely feeling more comfortable this morning regarding the possibility of a late spring ‘thaw’ in U.S interest rates. Jerome Powell will testify in front of the Senate next Thursday. The ECB will release their Monetary Policy Statement on the 7th of March also. Next FOMC pronouncements will be on the 20th of March.

3. Gold: The precious metal is near 2050.00 USD, this after yesterday’s U.S inflation report, gold could remain volatile today. Some speculators may be looking for additional value to develop.

2. Forex: FX has been a constant battle the past two months, but patient traders with mid-term perspectives may be anticipating their weaker USD targets to trend more steadily.

1. Equities: Many global stock indices are achieving record levels as bullish behavioral sentiment creates upwards momentum. S&P 500, Nasdaq 100 and the Composite, Dow 30, Nikkei 225 and the DAX Index are flirting with higher values.

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AMT Top Ten Miscellaneous Raindrops for 16th of February

by with No Comment AMT MarketsArtificial IntelligenceFeatured Highlights

AMT Top Ten Miscellaneous Raindrops for 16th of February

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10. Bitcoin is trading within sight of 52,000.00 USD, the digital asset was trading near 38,700.00 on the 23rd of January, which is over 34% in less than a month. That’s a lot of air in the balloon folks.

9. Gold: The precious metal has climbed above 2000.00 USD, this after a drop to 1985.00 USD on the 14th of February. Sentiment is uneasy.

8. Not April Fool’s Day: Iran has announced ‘plans’ to build a naval base on Antarctica, after declaring ‘property rights’.

7. WTI Crude Oil: The price of the commodity continues to battle the 77.00 USD level. Higher energy costs will not be looked on favorably by inflation hawks.

6. U.S Treasuries: Yields should be watched today after having provided anxious results this week, U.S equity indices will continue to react to the ‘bonds’ market.

5. Nvidia: After delivering superlative results in 2023, the company has announced the release of Chat with RTX, which allows independent AI chatbot capabilities to interface with your own documents, videos, etc., providing insights from personal queries.

4. Chinese Property: Investments dropped by over 9% in 2023. China’s government faces a clash between socialistic ideology in order to help the market versus practical supply and demand realities.

3. U.K: Gross Domestic Product numbers came in with negative results yesterday for Britain, the combination of recessionary GDP and stubborn inflation is stagflation. Bank of England faces a difficult decision. Will the BoE get proactive and cut interest rates before the Federal Reserve? GBP/USD is below 1.25800 this morning.

2. Data: Stronger than expected U.S CPI statistics caused bedlam on Tuesday, but yesterday’s Retail Sales came in weaker. The ‘disappointing’ consumer spending numbers were likely welcomed by the Federal Reserve and financial institutions. Producer Price Index statistics will be published today, surprise inflation results could jostle financial markets.

1. Forex: Day traders witnessed whipsaw results early this week and should remain cautious going into this weekend. Patience will be needed as USD centric outlooks adjust to nervous shifts in behavioral sentiment.

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USD: Hidden Jobs Data Shows Potentially Intriguing Weakness

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

USD: Hidden Jobs Data Shows Potentially Intriguing Weakness

Forex traders like many market participants react to the ‘noise’ of U.S headline data results. The recent U.S jobs numbers published last Friday is certainly an example. The USD surged in strength on the backbone of more hiring via the Non-Farm Employment Change numbers. Also the Average Hourly Earnings beat expectations showing the cost of labor had become more expensive.

The U.S Federal Reserve stood in place last Wednesday before the jobs report. Pointing towards some troubling inflation, and mentioning the labor market was tight, the Fed refused to give a timetable regarding potential Federal Funds Rate cuts. The U.S central bank is showing more patience about coming interest rate cuts than many hoped on and had wagered.

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Gold One Year Chart as of 7th February 2024

Yet, there continues to be signs of anticipation for a weaker USD in the mid-term. The price of Gold remains within its higher elements, and U.S Treasury yields remain lower (although it must be said the past two weeks have seen an incremental move higher). And as a sign of potential inflation erosion, energy prices continue to be polite, which means the costs of logistics may continue to ease (except to say concerns about Suez Canal availability and chaos in the Red Sea are certainly risks).

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WTI Crude Oil One Year Chart as of 7th February 2024

The fact that gold remains solid in value, and energy prices remain relatively low, and that support levels in Forex via the USD continue to drift near realms seen on the 13th and 14th of December is an intriguing behavioral sentiment clue. Perhaps it is a sign large institutional players believe they know something others are not considering regarding the future direction of the USD fundamentally.

There are always risks for day traders. Having solid information which is correct and can affect values in Forex, commodities and even equities is important for speculators, but is also hard to find when there are limited resources regarding market intelligence.

U.S Jobs Numbers Headline may be Misleading

Importantly, while last week’s jobs numbers on the ‘surface’ scared many large players who believed the USD will get weaker, thus causing the significant reactions via reversals in many major currency pairs teamed against the USD; there is some evidence from the U.S jobs statistics that needs consideration which was not widely reported. It is important to read beyond the headlines.

The amount of hours worked in the U.S on a weekly basis has eroded. Added to this consideration is that the stronger hiring numbers may still have been affected from seasonal needs due to the holiday season. This sets the table for the next U.S jobs numbers as a significant report on the 8th of March, and one that will have a big impetus on Federal Reserve’s monetary policy outlook and USD.

The U.S Bureau of Labor Statistics Employment Situation News Release on the 2nd of February (https://www.bls.gov/news.release/archives/empsit_02022024.htm) reported the following:

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Perhaps it is conjecture to speculate the average workweek for employees decreasing is a telltale sign of weakening employment numbers to come, but it might prove to be a useful insight. Layoffs via U.S corporations continue to make news as companies seem to be bracing for a downturn in U.S economic health in the coming months. If the layoff theme remains noisy it will create the need for action from the Federal Reserve regarding monetary policy.

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EUR/USD One Year Chart as of 7th February 2024

What does it mean for day traders? There are absolutely no guarantees, but the major currency pairs ability to stay within their mid-December prices is a likely sign that financial institutions have analysts which are looking beyond the headline numbers from the recent U.S jobs report, and have also seen the hourly workweek data. In other words support levels in many of the major currency pairs could prove durable. There is no doubt reversals and outliers will be demonstrated, and choppy Forex conditions will happen, but perhaps the current lows in many major currency pairs will start to exhibit resilience.

Trying to time short-term moves via behavioral sentiment that is generated by statistics found ‘hidden’ away in the jobs numbers is speculative. But if traders want to consider the potential of technical support, it might be worth a consideration to think the U.S employment picture isn’t as strong as the headline ‘noise’ is projecting.

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AMT Top Ten Miscellaneous Clues for the 26th of January

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Clues for the 26th of January

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10. Sports: Australian Open Tennis Tournament Finals this weekend. And five episodes into Netflix’s Six Nations: Full Contact there has been NO mention of rugby national teams in the Southern Hemisphere. Bias?

9. Money Club: Microsoft has joined Apple with a market cap over 3 trillion USD, the only two companies in the world able to make this boast.

8. Democracy: India elections coming in April and May seem to have a predictable outcome, but the South Africa voting date has not been made official and the ANC is under pressure. U.S citizens appear set for a rematch of Biden and Trump in November.

7. Layoffs: Around 1,900 employees of Activision Blizzard and Xbox, both owned by Microsoft, will have their jobs eliminated. Microsoft spent about 68.7 billion USD to acquire Activision Blizzard – a deal that was finalized in October of 2023.

6. Nervous: Bitcoin still battling the 40,000.00 USD ratio. Binance Coin has fallen below 300.00 USD, BNB/USD traded near 200.00 USD in the middle of October.

5. Behavioral Sentiment: Gold remains near 2020.00 USD, U.S Treasury yields are in sight of three month lows, but energy prices have ticked upwards this week with WTI Crude Oil near 77.00 USD.

4. Forex Caution Sign: Day traders should be braced for price velocity today. Is the USD going to become weaker going into the weekend?

3. U.S Federal Reserve: FOMC Statement will be on the 31st of January. Yesterday’s GDP numbers came in stronger than anticipated, fueled by robust consumer spending. However the GDP Price Index results were well below their expectations. Some folks may be dreaming about a rate cut in March, but there is still plenty of data ahead.

2. Stock Indices: The S&P 500, Dow Jones 30 and Nasdaq 100 are within record heights. Japan’s Nikkei 225 is challenging values not traversed since early 1990. The values of these indices may be dizzying, but the trend has been hard to bet against.

1. Inflation: Core Personal Consumption Expenditures (PCE) Index reading is anticipating a 0.2% gain today. Last month’s outcome was 0.1%. The U.S Federal Reserve monitors this particular report closely. Financial institutions will react and any surprises will become a catalyst in the broad markets.

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Anonymous Kingdom: Bitcoin’s Lack of Transparency is Supreme

by with No Comment AMT MarketsCryptocurrencies & Digital AssetsFeatured Highlights

Anonymous Kingdom: Bitcoin's Lack of Transparency is Supreme

Bitcoin has fallen below the 40,000.00 USD price level today, and after penetrating the depth of 39,500.00 USD has shown additional velocity lower. Bitcoin is now testing support near the 38,850.00 ratio, a value it last tested on the 2nd of December.

Influencers will likely urge their fanbases to look at six-month charts to understand Bitcoin is still within the upper levels of its price range, this because a look at a three-month chart isn’t as cheerful. The speculative asset remains a dangerous place for day traders to participate who do not have legitimate insights regarding Bitcoin.

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BTC/USD Six Month Chart as of 23rd January 2024

The question that some are likely starting to ask is what happened to the bullish rush in Bitcoin that was evangelized as a source of inspiration when the U.S Bitcoin ETFs materialized? FOMO (fear of missing out) again became an ‘advert’ for Bitcoin. True patience is needed when investing in financial assets, but day traders aren’t investing they are speculating and BTC/USD is likely costing them plenty of money.

It has been publicized that BlackRock’s spot Bitcoin ETF now holds over 1 billion USD in funds. However, while BlackRock and other ETFs have added to their assets under management of Bitcoin, what are short positions within the ETFs regarding size? This number is elusive, but the ability to sell ETF ‘share’ value within the new Bitcoin funds being offered is said to exist.

Bitcoin’s open interest numbers within the CME’s future contracts was nearly 26,669 positions on the 11th of January, yesterday’s reporting via the Chicago Mercantile Exchange was 22,250 open positions. While day traders may be speculating on the price of BTC/USD via their brokers’ trading platforms, they have to understand that their wagers are not affecting the real market price. The big players within the Bitcoin market do not operate on brokerage platforms which are merely offering CFD positions. The large traders are using cryptocurrency exchanges, futures and options via the CME, and now ETF positions.

Unless a trader is actively selling Bitcoin on a selected cryptocurrency exchange – and likely being asked to open a margin account – and thus opening the door to leverage and volatility, which it can be argued is designed to knock you out of the positions. You are going to find it difficult to actually sell ‘physical’ Bitcoin via short positions that are ‘manipulating’ the cash/spot market.

Bitcoin is a playground for sophisticated traders with plenty of cash to speculate and will continue to produce a world of extreme price volatility. On the 11th of January the price of Bitcoin jumped towards the 49,000.00 mark before declining. Bitcoin’s high early this morning was around the 40,150.00 ratio before stumbling the past handful of hours. Note, that open interest was at its highest on the 11th of January via CME futures trading information.

If you want to speculate (bet) on the value of Bitcoin as a day trader you should understand that you are participating in a marketplace that still doesn’t have the best of transparency. Yes, in most assets day traders are always competing against complex dynamics in which they have no control. However, speculating on BTC/USD is still being done almost blindfolded because of the lack of insights that is part of Bitcoin’s anonymous allure that many of its proponents love. We are still a distance away from transparency within the world of Bitcoin.

If traders can get access to volumes data – and the size of long and short positions being placed within the crypto exchanges they are using that helps. But because Bitcoin trading is still unregulated, and since there are many crypto exchanges operating you will only be getting small bits of information. The lack of information should worry day traders and serve as a caution sign.

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AMT Top Ten Miscellaneous Notions for 12th of January 2024

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Notions for 12th of January 2024

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10. Music: School Days by Stanley Clarke. Recorded in 1976, the ‘song’ is one of the best jazz fusion pieces ever played.

9. Coaches: Bill Belichick and Pete Carroll have been ‘politely’ fired, Nick Saban has retired. NFL and college football remain the ‘Kings of Sport’ in the United States.

8: Taiwan: Presidential election will be held tomorrow. Expect noise from China this weekend regarding Taiwan’s sovereignty.

7. Forex: Volatility struck yesterday in USD based currency pairs, whipsawing as financial institutions reacted to the Consumer Price Index reports. More inflation data will come from the U.S today.

6. Gold and Crude Oil: Precious metal value has been ‘almost’ steady, and WTI Crude Oil price remains rather calm.

5. China Deflation: CPI and PPI numbers were lackluster this morning. Export numbers from the nation have also delivered troubling declines.

4. Houthis: U.S and U.K missile strikes in Yemen have been conducted, diatribes from the extremists have been sounded, and may cause some investors concerns and potential risk adverse trading considerations going into weekend.

3. Bitcoin: SEC ETF funds approval has been completed, and launch is set to allow retail traders and ‘investors’ to purchase the digital asset. BTC/USD is near 45,960.00 currently. CFD products from brokers will likely be introduced and flourish soon, which will be based on the ETF notional values and allow day traders to wager on upside and downward momentum.

2. PPI Data: U.S Producer Price Index inflation results today could rattle the broad markets. No changes are forecasted. A surprise increase would worry those betting against the USD. Traders should also keep their eyes open for potential revisions to previous months.

1. Risk Appetite: Dow Jones 30, S&P 500 and Nasdaq 100 continue to flirt with apex values. The Nikkei 225, from Japan, is challenging highs not seen since 1990 as it trades above 35,575.00 for the moment. Equity indices remain optimistic.

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AMT Top Ten Miscellaneous Views for the 15th of December

by with No Comment AMT MarketsAssetsFeatured Highlights

AMT Top Ten Miscellaneous Views for the 15th of December

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10. Book: Doctor Zhivago by Boris Pasternak.

9. Music: Moanin’ – Charles Mingus Big Band 93 Nostalgia in Times Square. Fantastic jazz.

8. Cryptocurrencies: Game of double dare continues as BTC/USD trades near 42,600.00. ETH/USD resides around 2,250.00. USDT remains at 1.00 and BNB/USD (yes, from the much criticized Binance operation) hovers near 250.00. Be careful out there, folks.

7. Argentina: Newly elected President Javier Milei has begun to enact economic reforms as the nation’s citizens and businesses hunger for better days. Will the Argentine Peso begin to stabilize?

6. South Africa: As the nation celebrates a public holiday for its Rugby World Cup victory today, it should be asked if the people are ready to vote for a political change in 2024? Or have things not gotten bad enough yet?

5. Central Banks: Federal Reserve ‘officially’ turned to a neutral/ almost soft monetary policy stance on Wednesday, the BoE and ECB followed Fed’s dance steps yesterday. GBP and EUR have gained and look intent to flirt with July 2023 values.

4. U.S Treasuries: Yields continue to erode and are near values seen half a year ago, with further decreases seemingly ready to occur mid-term.

3. Commodities: Gold is producing near-term speculative upwards muscle. Copper traders appear to be eyeing higher values.

2. JPY: Price velocity has propelled the USD/JPY to fresh lows, this as the currency pair gains speculative interest and behavioral sentiment shifts.

1. All Time Value: Dow Jones Industrials has achieved record heights. Nasdaq Composite and S&P 500 indices at one year highs as investors show risk appetite.

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AMT Top Ten Miscellaneous Nibbles for the 1st of December

by with No Comment AMT MarketsAssetsFeatured Highlights

AMT Top Ten Miscellaneous Nibbles for the 1st of December

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10. Book: Kissinger: 1923 – 1968: The Idealist by Neill Ferguson

9. Music: Clifford Brown and Max Roach Quintet playing Joy Spring.

8. Bitcoin: Curious stubborn trend higher as ETF fever appears to be creating bets on perceived ‘forced’ upwards momentum. BTC/USD now above 38,000.00.

7. Charlie Munger: Passed away earlier this week. Extremely well regarded as a man and helped create the Berskshire Hathaway colossus.

6. Crude Oil: Cash price of WTI Crude Oil remains stable and hovering above mid-term support after OPEC and associates announced voluntary production reductions yesterday.

5. Data: While U.S GDP numbers came in with solid growth statistics on Wednesday, yesterday’s U.S Core Personal Consumption Expenditures results came in below last month’s data showing inflation is eroding.

4. Gold: The precious metal remains above 2000.00 USD in a rather strong fashion, short-term speculation has been vigorous. Caution is advised for day traders.

3. Jerome Powell: The Federal Reserve Chairman will be speaking in Atlanta later today and his comments while participating in a ’roundtable’ discussion could affect behavioral sentiment going into the weekend.

2. USD: Outlooks via tier 1 financial institutions and larger players keeping the ‘greenback’ weaker and near mid-term support against other major currencies, price velocity should be watched.

1. U.S Indices: Dow Jones Industrials touching highs not seen since January 2022. S&P 500 and Nasdaq Composite within sight of July 2023 apex levels, and if penetrated upwards would also bring these indices to heights of late 2021 and early 2022, this as risk appetite demonstrates backbone.

You can find more AMT Top Ten Miscellaneous lists in the AngryMetaTraders archive

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AMT Top Ten Miscellaneous Feast for the 24th of November

by with No Comment AMT MarketsEquitiesFeatured Highlights

AMT Top Ten Miscellaneous Feast for the 24th of November

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10. Book: A Thanksgiving Diet – Life as a Glutton by T.M.F Resuscitate.

9. Music: Frank Sinatra singing Somethin’ Stupid.

8. Global Commerce: London Metal Exchange and Baltic Exchange Dry Index prices are higher since September lows.

7. Post Holiday Warning: Trading volumes will be light today, day traders should expect quiet markets and sudden bursts of volatility. Early reactions next week may result in reversals due to perceived lack of price equilibriums having occured via today’s results, this as U.S financial institutions return in full to their offices Monday and Tuesday.

6. Election Surprises: Argentina and the Netherlands point to seismic changes in voting sentiment. India, South Africa and the U.S have major elections coming in 2024.

5. Crytocurrencies: Binance legal problems in the U.S casting shadows of doubt, but BNB/USD has been somewhat stable. Bitcoin – yes, a digital asset – is above 37,000.00 USD as of this writing.

4. Gold: Price of the precious metal remains slightly below 2000.00 USD level.

3. Energy Prices: WTI Crude Oil, Brent, Natural Gas and Gasoline remain within sight of one year lows, but intriguing support levels for speculators with long-term outlooks.

2. U.S Equity Indices: Stocks will trade in shortened sessions today. The major indices are within sight of one year highs. Next week could see positive momentum sustained.

1. Forex: USD within an intriguing near-term price range. GBP, JPY and NZD are some of the major currencies showing signs of potential strength versus the ‘greenback’ as outlooks seemingly shift.

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AMT Top Ten Miscellaneous Thoughts for the 10th of November

by with No Comment AMT MarketsArtFeatured Highlights

AMT Top Ten Miscellaneous Thoughts for the 10th of November

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AMT Top Ten Thoughts for 10th of November 2023

10. Book: Art Lover: A Biography of Peggy Guggenheim by Anton Gill.

9. Music: Igor Stravinsky’s The Firebird.

8. Word of Day: Parabolic which highlights Bitcoin’s movement the past month, and may be followed by the word reversal.

7. Centrism: A political wish for our times.

6. Equivocate: Central Banks led by the U.S Federal Reserve continue to protect one another by talking out of both sides of their mouths.

5. Gold: 1950.00 USD per ounce looks to be important support for the precious metal via a three month chart. Will 1950.00 USD remain durable?

4. USD: Stubborn choppy Forex conditions continue to flourish and may remain prevalent in the near-term.

3. Consumer Sentiment: U.S consumers are staying away from home purchases because of high interest rates, today’s data from the University of Michigan will shed light on what they are buying instead.

2. U.S Treasuries: Higher yields are trouble for the Federal Reserve, and should scare U.S citizens who may be penalized with higher taxes to pay off U.S mounting debts.

1: USD/JPY: Japanese Yen trading near values last sustained in 1990 for a significant amount of time.

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AMT Top Ten Miscellaneous Shots for Friday the 3rd of Nov.

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Shots for Friday the 3rd of Nov.

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10. NBA: Welcome to Victor Wembanyama’s world. VW’s 5th game as a Spur was historic last night.

9. South Africa: The Springboks Rugby World Cup victory is helping unifying the nation and giving all its citizens a hope for better days.

8. Book: The Gulag Archipelago by Aleksandr I. Solzhenitsyn.

7. Crypto: Sam Bankman-Fried found guilty on all counts. Yet, Bitcoin is near 34,600.00 USD per coin.

6. Risks: Signs of appetite as U.S equity indices have moved higher, and U.S Treasury yields have declined.

5. Gold: The precious metal still lingering near 2000.00 USD and may attract bearish speculative positions.

4. Middle East: Global financial institutions appear to have dealt with the noise.

3. U.S Jobs Reports: Non-Farm Employment Change numbers and Average Hourly Earnings inflation data will be published today and shake markets.

2. Federal Reserve: The U.S central bank may have reached the end of it interest rates hikes cycle.

1. USD: The world’s reserve currency remains suspiciously strong and if it is a relatively calm today and this weekend, day traders may begin to embrace selling wagers.

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Inflation Data and Fed’s FOMC Meeting Minutes This Week

by with No Comment AMT MarketsCentral BanksFeatured Highlights

Inflation Data and Fed's FOMC Meeting Minutes This Week

Last week’s economic data ended with rather tantalizing headline jobs numbers as the U.S showed more hiring than expected, but while this grabbed media soundbites in many circles – the Average Hourly Earnings numbers came in below expectations. The broad Forex market proved dynamic with a stronger USD in many cases, but intriguingly equity markets in the States generated upwards momentum on Friday too. U.S Treasuries were mixed regarding their yields, and the 10-year bond while finishing up for the week was below its highs.

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WTI Crude Oil One Month Chart as of 9th of Oct. 2023

The coming week will likely continue to produce nervousness, but outlook will be helped via a couple of U.S inflation reports and the FOMC Meeting Minutes report. Crude Oil prices should be watched as news from the Middle East unfolds. Gold remains under pressure.

Cryptocurrency speculators should keep their eyes on Binance Coin as it battles important lows. Bitcoin has remained relatively stable, but BNB/USD is near crucial support that could signal another wave of pressure is developing within the Binance exchange.

Monday, the 9th of October, International Monetary Fund – week-long meetings get underway and investors who participate in global stock markets and bonds should pay attention to the chatter.

Tuesday, the 10th of October, Central Bank Officials speaking – ECB President Lagarde will be speaking at the IMF conference. Federal Reserve officials will be speaking at meetings in the U.S. While the chatter may cause some nervous reactions briefly in financial institutions, it is unlikely the central bankers will say anything that is surprising.

Wednesday, the 11th of October, U.S Producer Price Index – the broad and core reports should be watched. Last week’s lower Average Hourly Earnings numbers were slightly surprising, but the recent higher energy costs could factor into the PPI results. The broad report is anticipated to show a decline. If the Producer Price Index statistics come in weaker than expected this could help the USD lose some strength.

Wednesday, the 11th of October, U.S FOMC Meeting Minutes – the publication is expected to follow the rhetoric already voiced by the Fed at their last press conference. However, insights regarding dialogue could move the needle in Forex. The U.S central bank is widely expected to raise the Federal Funds Rate in November, but what comes beyond this anticipated move is still in question. Expect the key word in the FOMC report to be ‘inflation’.

Thursday, the 12th of October, U.K Gross Domestic Product – the growth numbers from Great Britain are expected to show a slight rise in GDP. If the gains match expectations or come in better it could help bolster the GBP/USD which has been struggling against the USD for the past three months.

Thursday, the 12th of October, U.S Consumer Price Index – these reports will be crucial and will impact Forex and equities immediately after their release. While the Core CPI number is expected to match last month’s outcome, the broad reports are anticipated to be weaker. If the inflation numbers are stronger than expected the USD could gain strength, if the results are weaker it could help build selling momentum in the USD.

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USD/CNY Six Month Chart as of 9th Oct. 2023

Friday, the 13th of October, China Consumer and Producer Price Index – the two releases will be watched carefully by investors. China’s economic data has been weak and financial institutions have become concerned by deflation. The USD/CNY may be impacted upon the publication of the reports.

Friday, the 13th of October, U.S Consumer Sentiment via the University of Michigan – following the CPI numbers from the U.S on Thursday, these numbers will show the attitude of U.S consumers and their spending habits. Financial institutions will monitor these numbers and correlate them to the U.S inflation reports seen earlier.