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AMT Top Ten Miscellaneous Tastings for the 10th of May 2024

by with No Comment AI & Machine LearningAMT MarketsFeatured Highlights

AMT Top Ten Miscellaneous Tastings for the 10th of May 2024

postR196

10. Word of the day: Ultracrepidarian is a person who speaks assertively about subjects that are beyond their level of knowledge. The world is full of many suspects ladies and gentlemen.

9. Steve Albini: The musician and production sound engineer passed away earlier this week in Chicago. Albini was a pioneer and leader in ‘alternative’ music and battled homogenized corporate music for nearly 40 years. Nirvana, Fugazi, Jimmy Page, the Pixies, P.J Harvey are some of the many that worked with Albini.

8. Bitcoin: BTC/USD continues to hover around the 63,000.00 realm per a three month technical chart perspective. Bitcoin’s higher values via one year results are being maintained. BNB/USD is lurking near 600.00 per a three month glance.

7. Commodities: Cocoa and Coffee prices remain elevated. After touching a low around the 7,250.00 USD mark last week per metric ton, Cocoa is now within sight of 9,000.00 USD again. Retail speculators who like to wager via CFDs on commodities need to remember their bets have no influence on the markets, which are in complete control by the largest players in the commodities sector.

6. Wayve Technologies: A U.K based company specializing in autonomous driving software has announced they have raised more than 1 billion USD in investments recently via the likes of Softbank, Nvidia and Microsoft. The U.K government has highlighted Wayve, proclaiming it shows Britain will be a major force in AI development. Wayve was established in 2017 and is still a privately held company.

5. U.S Foreign Policy: Election concerns appear to be a prime motivator for the U.S executive branch as its attempts to walk a fine line regarding diplomacy and saber-rattling in the Middle East. Polling from a variety of sources indicate Joe Biden is in jeopardy of not being reelected.

4. USD/CNY: China will release its Consumer Price Index and Producer Price Index numbers early on Saturday. The USD/CNY is trading around the 7.2245 mark as of this writing. Some analysts have expressed concerns about the China Yuan weakening via attempts by the Chinese government to boost exports. The USD/CNY certainly remains within the higher elements of its range, but is below marks seen in early September 2023 which were around the 7.3425 ratio.

3. Data Warning: While day traders may be inclined to look at the University of Michigan’s Consumer Sentiment reading today, they should remember to pay attention to the Inflation Expectations statistics. Last month’s inflation report produced a result of 3.2%, which delivered a solid dose of volatility to financial assets.
2. Forex: Behavioral sentiment appears to be leaning towards a weaker outlook for the USD as major currencies like the EUR, GBP (solid GDP numbers also helped this morning in Britain) and others have gained. However, its should be pointed out that the USD/JPY has seen an incremental climb since touching a low of nearly 151.880 last Friday. As of this writing the USD/JPY is around the 155.650 level.

1. Equity Indices: Bullish optimism has been seen in the S&P 500, Dow 30 and Nasdaq as all three major indices are ready to start the day near highs for the week. The burst of upwards momentum which started last Thursday, has ignited the major U.S indices within sight of their apex realms achieved in late March and early April.

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AMT Top Ten Miscellaneous Tastings for the 10th of May 2024

by with No Comment AI & Machine LearningAMT MarketsFeatured Highlights

AMT Top Ten Miscellaneous Tastings for the 10th of May 2024

post204

10. Word of the day: Ultracrepidarian is a person who speaks assertively about subjects that are beyond their level of knowledge. The world is full of many suspects ladies and gentlemen.

9. Steve Albini: The musician and production sound engineer passed away earlier this week in Chicago. Albini was a pioneer and leader in ‘alternative’ music and battled homogenized corporate music for nearly 40 years. Nirvana, Fugazi, Jimmy Page, the Pixies, P.J Harvey are some of the many that worked with Albini.

8. Bitcoin: BTC/USD continues to hover around the 63,000.00 realm per a three month technical chart perspective. Bitcoin’s higher values via one year results are being maintained. BNB/USD is lurking near 600.00 per a three month glance.

7. Commodities: Cocoa and Coffee prices remain elevated. After touching a low around the 7,250.00 USD mark last week per metric ton, Cocoa is now within sight of 9,000.00 USD again. Retail speculators who like to wager via CFDs on commodities need to remember their bets have no influence on the markets, which are in complete control by the largest players in the commodities sector.

6. Wayve Technologies: A U.K based company specializing in autonomous driving software has announced they have raised more than 1 billion USD in investments recently via the likes of Softbank, Nvidia and Microsoft. The U.K government has highlighted Wayve, proclaiming it shows Britain will be a major force in AI development. Wayve was established in 2017 and is still a privately held company.

5. U.S Foreign Policy: Election concerns appear to be a prime motivator for the U.S executive branch as its attempts to walk a fine line regarding diplomacy and saber-rattling in the Middle East. Polling from a variety of sources indicate Joe Biden is in jeopardy of not being reelected.

4. USD/CNY: China will release its Consumer Price Index and Producer Price Index numbers early on Saturday. The USD/CNY is trading around the 7.2245 mark as of this writing. Some analysts have expressed concerns about the China Yuan weakening via attempts by the Chinese government to boost exports. The USD/CNY certainly remains within the higher elements of its range, but is below marks seen in early September 2023 which were around the 7.3425 ratio.

3. Data Warning: While day traders may be inclined to look at the University of Michigan’s Consumer Sentiment reading today, they should remember to pay attention to the Inflation Expectations statistics. Last month’s inflation report produced a result of 3.2%, which delivered a solid dose of volatility to financial assets.

2. Forex: Behavioral sentiment appears to be leaning towards a weaker outlook for the USD as major currencies like the EUR, GBP (solid GDP numbers also helped this morning in Britain) and others have gained. However, its should be pointed out that the USD/JPY has seen an incremental climb since touching a low of nearly 151.880 last Friday. As of this writing the USD/JPY is around the 155.650 level.

1. Equity Indices: Bullish optimism has been seen in the S&P 500, Dow 30 and Nasdaq as all three major indices are ready to start the day near highs for the week. The burst of upwards momentum which started last Thursday, has ignited the major U.S indices within sight of their apex realms achieved in late March and early April.

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AMT Top Ten Miscellaneous Postings for the 5th of April 2024

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Postings for the 5th of April 2024

postN51

10. Petrichor: The pleasant smell after a rain has fallen following a long dry spell which elicits earth’s fragrance. The Fed is likely hoping for this sensation via ‘weaker’ Non-Farm Employment Change numbers today. In December the Federal Reserve spoke about data signals needed in order to cut interest rates. If jobs statistics are stronger than anticipated, there will be no ‘petrichor’ for the Fed.

9. Underreported: Five engineers from China on their way to work for the Dasu dam project they participated, were killed in a ‘suicide’ terrorist attack in Pakistan on the 26th of March. Terror attacks in Pakistan on Chinese involved with infrastructure ‘Economic Corridor’ work have been increasing.

8. Qubits: Microsoft and Quantinuum recently announced they have made breakthroughs regarding quantum computing research reliability. Results have shown 14,000 ‘test routines’ without errors. The emergence of quantum technology approaches.

7. Intrinsic Value: Cocoa is near 9640.0 USD per metric ton as of this morning and remains speculatively energetic. Bitcoin is slightly below 67,000 USD and continues to ‘beat’ the notion that intrinsic value is important.

6. Precious: Gold prices have ‘fallen’ below 2300.00 USD per ounce, and is near 2289.00 for the moment, but the metal is shining as crowds admire its ability to create a safe haven.

5. WTI Crude Oil: Middle East news is rumbling and hyperbole is resonating, the price of the commodity is over 86.40 USD per this writing. A calm weekend, and peaceful end to Ramadan this coming Tuesday might help calm nerves. Higher oil prices will not help global inflation.

4. Forex: The USD/JPY has started to experience waves of volatility and has recently challenged long-term highs. Bottom line is the notion that large players are positioning for today’s U.S data which will affect all financial assets as USD centric power resounds.

3. Equities: The U.S major stock indices are beginning their day near lows not seen since the 15th of March for the Dow 30, and the 19th of March for the S&P 500 and Nasdaq Composite. Nervous?

2. Bonds Watch: U.S Treasuries need to be monitored as the 5, 7, and 10-Years Notes respond to nervous investors and fears of a new ‘inversion’. Having come off of high yields a couple of days ago, doesn’t mean all is well as values languish near late September 2023 technical realms.

1. Data: Recent chatter from many Fed FOMC members have created anxious investors. Vivid reactions will occur after the Non-Farm Employment Change and Average Hourly Earnings. Bluntly, today’s jobs reports are crucial and the Fed would like the results to be weaker than anticipated in order to consider cutting interest rates. However, if hiring comes in stronger, it would be a sign of a resilient U.S economy and would ignite more USD strength. The first half hour following the jobs numbers may look counter-intuitive regarding price action as financial institutions adjust their trading positions.

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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.