postR168

AMT Top Ten Miscellaneous Intrigues for the 17th of May 2024

by with No Comment CommoditiesDataFinancial Institutions

AMT Top Ten Miscellaneous Intrigues for the 17th of May 2024

postR168

10. Georgia and Slovakia: It would we wise to pay attention to Tbilisi demonstrations, and also cast an eye on Bratislava after the assassination attempt of Prime Minister Fico. Russia is certainly paying attention.

9. Superconductivity: Origin Quantum Computing Technology of China is making solid advancements and has announced they are ready to domestically produce a 72 qubit capable microwave module known as ‘Origin Wukong’. The battle to create efficient quantum components and operating systems between China, the U.S and others is real.

8. Secretary of Music: Anthony Blinken’s naive decision to play guitar in a Kiev nightclub this week is comparable to Nero playing music while Rome burned. U.S foreign policy continues to raise concerned eyebrows from friends and foes alike.

7. South African Election: The coming vote on the 29th of May is less than two weeks away. USD/ZAR as of this writing is near 18.22000, where will it be on the 30th of May?

6. Biden and Trump: The potential for debates between the two presidential candidates is growing. One question observers may be wondering is if there is adequate supply of caffeine to keep Joe energetic and ample enough hairspray for Donald to look under control?

5. GameStop: Yet another market manipulation of GME is causing massive losses for day traders. The price for the stock finished near $27.67 yesterday, this after touching a high above $56.00 on the 14th of May. GME was close to $10.00 on the 15th of April. Buyers that get in too late to these betting schemes created by frenzied crowds tend to go bust as the early manipulators cash out their profits.

4. Commodities: Cocoa is near 7560.0 USD per metric ton, and Coffee Arabica is traversing slightly below 200.00 USD. Speculative forces remain powerful in both and while they are likely still overpriced, risk management is imperative for those pursuing lower values.

3. Federal Reserve: After the weaker than anticipated CPI numbers printed this Wednesday, and last week’s eroding GDP growth statistics, financial institutions are increasing their risk appetite as they watch U.S Treasury yields decline and consider a mid-term outlook which is allowing for the contemplation of actual Federal Funds Rate cuts.

2. Forex: The EUR/USD is back above the 1.08000 level comfortably, and the GBP/USD has found sustainable trading beyond the 1.26000 ratio. While the major currencies versus the USD have pulled back slightly from near-term highs, large commercial traders are exhibiting risk appetite. A weaker USD centric notion is coming into vogue again.

1. Apex Equities: The three major U.S indices are all near record territories as solid earnings reports from corporations, amidst hopes the Federal Reserve will be able to cut rates a couple of times this year has combined to allow optimism to grow in the S&P 500, Dow 30 and Nasdaq 100. While the U.S public is starting to show they are losing confidence because of escalating consumer prices, financial institutions are wagering on solid returns via economic outlooks. Day traders looking to join the indices parade should make sure they limit their exposure, particularly if they are using CFDs and relying on short-term climbs which can suffer from sudden reversals lower.

postN51

AMT Top Ten Miscellaneous Musings for the 29th of March 2024

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Musings for the 29th of March 2024

postN51

10. Holidays: We wish everyone a peaceful long weekend. Hopefully the price of your chocolate eggs have not emptied your wallets.

9. Superconductivity: Nuclear fusion and magnets have a future together. Efficient electricity produced via compact generation is being worked on by the Massachusetts Institute of Technology and the Jet Propulsion Laboratory of NASA.

8. TMTG: The Trump Media and Technology Group listed as DJT on Nasdaq ended yesterday’s trading within sight of 62.00 USD. The price is overbought taking into consideration its lack of revenues. However, because of its limited available shares, ‘shorting’ DJT is dangerous and a potentially expensive mistake.

7. Silly Season: U.S elections are growing closer and louder. However, fiscal and foreign policy clarity doesn’t get much airtime. Bread and circus for the masses.

6. Crypto ‘Insanity’: FTX Founder Sam Bankman-Fried was sentenced to 25 years in prison yesterday for his crimes. In the meantime, Bitcoin is over 70,000.00 USD this morning. Binance Coin is valued above 600.00 USD.

5. Frothy: Gold is near 2,230.00 USD per ounce, even as the USD grows in strength. Cocoa closed yesterday around 9,792.00 USD per metric ton, meaning it is more expensive than Copper, and the reason why your chocolate may be getting costly.

4. ‘Quiet’ Data: Core Personal Consumption Expenditures Price Index data will be released today in the U.S, this as the financial markets are largely absent. Yesterday’s GDP and Consumer Sentiment numbers were stronger than expected. The inflation statistics may not get much fanfare today, but paying attention to the results could prove worthwhile for speculators.

3. Risk Warning: The return of large trading volumes next week are likely to cause volatility as financial institutions reopen and are reactive.

2. Bias: Many major currencies are struggling against the USD. Traders who believe their chosen currencies have been oversold should contemplate their perspectives and potential bias. Just because you believe something, doesn’t mean it is true. Forex is expressing nervous behavioral sentiment.

1. Fed Watch: Many analysts are starting to believe the Federal Reserve may not be able to cut interest rates this year, but traders should remember politics will be crucial as the U.S Presidential Election approaches. The Fed may be ‘independent’ but they are not deaf. If inflation remains stubborn, the Fed will need weak jobs numbers. But weekly Unemployment Claims came in below expectations yesterday. Financial institutions understand the U.S central bank is in a difficult place.

postN51

AMT Top Ten Miscellaneous Sunrays for the 23rd of February

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

AMT Top Ten Miscellaneous Sunrays for the 23rd of February

postN51

10. Word of the Day: Abeyance – the state of suspending something until another issue is resolved. Can you say, “Central Banks”……we knew you could.

9. South Africa: National election is scheduled for the 29th of May. Will the disdain the ANC and EFF have for the ‘West’ be addressed by voters or will the masses elect the usual suspects?

8. China and Germany: New Home Sales prices dropped again in China per data released this morning, Germany’s GDP data published today shows negative growth and recessionary pressures growing.

7. Nvidia: Their quarterly earnings report this week showed Artificial Intelligence isn’t a mere marketing tool, but a moneymaker opening a new era for technology.

6. South Carolina: Nikki Haley apparently will lose the Republican Primary in her home state tomorrow, but likely stay in the presidential race hoping that Donald Trump implodes via his own ego or legally.

5. Don’t Touch that Switch: AT&T believes yesterday’s widespread phone outage was caused by human error, not a hack.

4. U.S Equity Indices: Timeframes and patience remain crucial for investors amidst daily gyrations, this as the S&P 500, Nasdaq 100 and Dow Jones 30 explore record values.

3. New Zealand: Will the Reserve Bank of New Zealand go against the grain and actually raise its Official Cash Rate next Wednesday to fight stubborn inflation, or capitulate to the wait and see approach of ‘others’? The NZD/USD should be watched.

2. Caution: Forex remains choppy, U.S Treasury yields have crept slightly upwards, gold is hovering near 2020.00 USD. AMT’s #1 may be the reason why.

1. U.S Data Next Week: Preliminary GDP will be published on Wednesday, and Thursday will present the Core Personal Consumption Expenditures Price Index. The results could create massive impetus in all financial assets.