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Top Ten Miscellaneous Slogans for the 21st of October

by with No Comment AssetsBehavioral SentimentFeatured Highlights

Top Ten Miscellaneous Slogans for the 21st of October

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10. Evil Empires: The Yankees and Dodgers will square off in the World Series with their ultra expensive rosters competing for the championship. Maybe this is exactly what the U.S needs so people can take their minds off of U.S election concerns. A contest between Los Angeles and New York is a big selling card. TV ratings should soar as Shohei Ohtani, Juan Soto, Mookie Betts, and Aaron Judge battle for the supremacy of baseball.

9. Vision: SpaceX achieved magical results as a Falcon 9 rocket booster was caught by ‘chopsticks’ as planned for and engineered. Elon Musk proved again that his preposterous ramblings are frequently correct. SpaceX is in a solid position to provide logistics for outer space exploration and development, but to also create new business endeavors as it evolves. The implied value of SpaceX mid-2024 was estimated to be around 200 billion USD.

8. 2017: Bitcoin was around 1,000.00 USD in January of 2017. The price of the digital asset is now approximately 68,500. The perception and betting that a Trump victory may be putting a spring in the step of the cryptocurrency market is intriguing. Bitcoin trades based on behavioral sentiment and not intrinsic value. Trump has spoken about crypto favorably time to time. A more welcoming SEC and CFTC regarding crypto could help values. For those looking for further correlation to BTC/USD and Trump, when he left office in January of 2021, Bitcoin was near 31,000 USD.

7. Downturn: Environmental, social and governance investing has taken a hit compared to results from the past couple of years as outflows from investment vehicles led by the likes of BlackRock and others make noise. ESG has lost its luster as the race for superior profits has run into headwinds and analysts question values and revenues. What will happen over the next few years, particularly if ESG investing finds that it has fewer friends in the U.S halls of power?

6. Data: U.S economic statistics will be rather lacking this week, the highlight may be the Flash Manufacturing PMI numbers on Thursday. Some may try to make the weekly Unemployment Claims a spectacle too, particularly brokers who may be trying to entice day traders into Forex positions. However, the rather calm seas regarding data will turn tumultuous next week because U.S Advance GDP, Core Personal Consumption Expenditures, and the Non-Farm Employment Change results are all on the schedule.

5. Underwater: WTI Crude Oil started to flirt with the 70.00 USD mark last Tuesday, and after a few days of remaining within a rather tight range, support was proven vulnerable. As of this writing WTI is near 69.65. The lack of an attack on Iranian oil infrastructure by Israel has seemingly calmed the energy sector. Fearmongering and bombastic rhetoric have not caused WTI Crude Oil to sustain highs. The commodity is within the lower elements of its long-term price range technically.

4. 24 Carat: Record values in gold are being traversed. As of this writing the precious metal is near 2,734.00 per ounce. Gold was around 1,200.00 USD in January of 2017. Inflation, speculation and concerns about central banks are likely helping gold shine. Some may say the rise in value is a derivative of safe haven investing. Day traders may view the price as speculatively high and dangerous because of its intraday volatility, but long-term gold bugs know the historical track record of the precious metal and its ability to preserve wealth.

3. FX: Major currencies paired against the USD are finding increasingly choppy waters near-term. The USD/JPY is dangerously close to the 150.000 mark, the USD/MXN is within sight of 20.00000, and the GBP/USD is hovering above 1.30000. The EUR/USD is battling too and scuffling below the 1.09000 ratio. With no major data coming this week, but major risk events approaching on the horizon, now is the time for Forex traders to remain cautious and not get too ambitious. Forex may provide technical traders with the ability to wager on perceived support and resistance near-term. But soon, a huge wave of volatility is going to hit currency speculation and financial institutions are certainly getting prepared for the storm.

2. Tick Tock: The U.S election is only a bit more than two weeks away. This may be the last week for any huge surprises which could sway the decisions of voters. Harris and Trump and campaigning hard and receiving intense media coverage. Early voting is underway, but November the 5th is the date everyone is focused on. When the clock strikes November the 6th in the U.S, global investors will react.

1. Behavioral sentiment: Key market barometers will continue to get plenty of attention in the coming days. U.S indices serve as a heat check regarding the potential outcome of the U.S election. Equities are near highs and this seems to be a rather solid indication risk appetite remains the dominant feature. While some will not want to hear it, this likely means many folks in the investment world are starting to believe Donald Trump might win the U.S election.

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AMT Top Ten Miscellaneous Punches for the 28th of June 2024

by with No Comment CommoditiesCorporateCryptocurrencies

AMT Top Ten Miscellaneous Punches for the 28th of June 2024

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10. Cricket: The ICC T20 World Cup Championship will feature South Africa vs. India. The two teams are familiar with each other competitively and the final match will be held at the Kensington Oval in Bridgetown, Barbados on Saturday.

9. Selling Pressure: Lows are being challenged in Bitcoin as it hovers above 61,000.00 USD. Cocoa has stumbled dramatically this week and is below 8,000.00 per metric ton. Who will be courageous and wager on reversals higher? Speculators should remain cautious and understand price velocity that looks tantalizing can also prove costly to trading accounts.

8. Grounded: Boeing’s Starliner remains docked to the International Space Station. Problems have plagued The Boeing Company the past handful of months, and their ambitions of becoming a power within NASA’s explorations are also underachieving. SpaceX and Airbus are certainly paying attention to Boeing’s ineffectiveness.

7. Teetering: The African National Congress and Democratic Alliance political parties in South Africa are feuding about how coalition power will be shared within the National Unity Government. The USD/ZAR has become volatile and is near 18.21000 as tensions mount and reversals hit. Financial institutions are waiting for an optimistic resolution, while also fearing the possibility of an abandonment to positive visions.

6. Inflation: Core Personal Consumer Expenditures Price Index statistics will be released today from the U.S. Yesterday’s GDP Price Index came in slightly higher than anticipated which kept USD centric bullish positions relatively strong. However, other American statistics have weakened significantly and the mid-term looks troubling for the U.S economically. Stagflation remains a concern. The Federal Reserve is likely hoping to see today’s PCE numbers come in weaker than expected, which would allow the central bank to hint towards Federal Fund Rate cuts later this year.

5. Ennui: President Macron could find his political power further eclipsed after France’s first round voting results this coming Sunday. French voters appear ready to deliver a resounding message of dissatisfaction to the listless ruling government. Election turnout statistics should be watched. The second round of voting will be on the 7th of July. Financial institutions have braced for a shift of power already, but the EUR/USD will still produce volatility in the days ahead.

4. Geopolitical Risks: Russia, China and their allies are likely considering how they will prepare for a potential change in the U.S White House. Foreign policy following last night’s debate between Biden and Trump must be planned. The fact that Trump is viewed as a rather flamboyant personality and not bound by cautious diplomatic attitudes creates a calculus that U.S adversaries will have to consider. While the potential exists that some nations may try to be more aggressive now, they also know that a Trump victory in November would change the international political landscape long-term.

3. Bank of Japan: The Core Tokyo Consumer Price Index produced a gain of 2.1%, which was above the forecasted amount of 2.0% earlier today. The BoJ continues to remain far too dovish regarding interest rate policy and financial institutions are buying the USD/JPY in massive waves. The USD/JPY is around 160.750 as of this writing and did traverse above 161.000 earlier, these are Forex levels not seen since the late 1980’s for the USD/JPY. Japan’s attempt to stimulate the economy with a weaker Japanese Yen may work, but the U.S and others may start to look at the BoJ’s soft devaluation in a very negative light. Speculators of the currency pair need to be extremely careful, because the BoJ has the ability to intervene violently and cause momentary spikes which could prove deadly for day traders trying to take advantage of the outlandish bullish trend.

2. Behavioral Sentiment: Markets will be a looking glass into the future today, this as trading houses react to the realization that Donald Trump is likely going to be the next U.S President. While there are no guarantees regarding the U.S election outcome yet, the broad markets will certainly feel a shift of momentum in the coming days as large players adjust from a cautious approach to more aggressive postures regarding a Trump presidency. U.S equity indices remain near record highs, and the potential of a more business friendly White House which doesn’t threaten tax hikes on U.S corporations will likely affect speculative outlooks.

1. Power: The resounding defeat of Joe Biden last night in the Presidential debate will spark a heated battle among Democratic power brokers. Biden will certainly be asked to step aside after last night’s poor performance. However, Biden is stubborn, and Dem leaders like Nancy Pelosi and Barak Obama among others will have a difficult task to try and convince Biden for the sake of the nation that he must do the honorable thing and release his political delegates at the August Democratic National Convention in Chicago. If this doesn’t happen, the Republicans may be able to achieve a landslide victory by taking control of not only the White House but the Senate too, along with maintaining power in the House of Representatives. All the camouflage in the world last night, including the liberal media, couldn’t mask the inability of Joe Biden to be coherent.