postN51

AMT Top Ten Miscellaneous Notions for the 8th of March 2024

by with No Comment AMT MarketsArtificial IntelligenceFeatured Highlights

AMT Top Ten Miscellaneous Notions for the 8th of March 2024

postN51

10. Social Credit Score: George Orwell in our Age of the All Knowing State via public cameras using facial and body language recognition, along with listening devices that can gather voices and other sounds would chill him to the bone.

9. French Revolution: It was ‘wrong’ to say madame and monsieur after the ‘ancien regime‘ was replaced, instead the expression ‘citizen’ (citoyen) was invoked. Not using the proper words could bring the guillotine into your future.

8. Japan: Nikkei 225 has come off the top, but remains highly valued. GDP numbers will come from the nation next Monday, and the BoJ is on the calendar the 19th of March.

7. Tech Espionage: Linwei Ding, a Chinese national, who worked for Google as a software engineer has been accused of stealing information regarding supercomputing and artificial intelligence. The U.S government has filed criminal charges against Ding in San Francisco, California.

6. Central Banks: Federal Reserve Chairman Powell per his testimony in Washington D.C remained cautious, saying he wants data to confirm inflation is eroding. The ECB yesterday also voiced care while trying to sound optimistic about economic conditions which remain lackluster.

5. FOMO: ‘Fear of missing out’ is being seen in many asset classes including cryptos and equities. Day traders while speculating should remain realistic and practice solid risk management.

4. U.S Indices: Apex heights persist as the S&P 500, Nasdaq 100 and Dow Jones 30 receive massive inflows of capital.

3. Gold: Record prices have been attained in the precious metal as speculative elements have pushed value above 2160.00 USD as of this writing.

2. Forex: The USD has seen weakness re-emerge the past handful of days as the ‘masses’ have seemingly energized again upon the notion of a change to the Federal Funds Rate.

1. U.S Data: Non-Farm Employment Change and Hourly Average Earnings statistics will be published today, either helping confirm or confront financial institutions behavioral sentiment. Weaker hiring and a diminishing of wage inflation is anticipated. Will it happen? Forex, U.S Treasury yields and equities will react.

postN51

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

postN51

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

postN51

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

postN51

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.

postN58.1

Nervous Outlooks and Short Term Fixes Creating Anxiousness

by with No Comment AMT MarketsBehavioral SentimentFeatured Highlights

Nervous Outlooks and Short Term Fixes Creating Anxiousness

A U.S government shutdown has been avoided, but the resolution highlights that an important year of political games is getting fully underway in Washington. Short term fixes via congressional agreements do not hide the fact the U.S government continues to bleed money and is adding to its deficit as yields on U.S Treasuries remain high.

postN58.1
Gold Five Day Chart as of 2nd October 2023

The price of gold has sank substantially in the past week, which shows the USD continues to be strong, and that speculative short-term games within the precious metal must always be kept in mind by day traders. Long term fundamental beliefs regarding the value of gold cannot stop momentary volatility.

GDP results from the U.S last week came in slightly below estimates, but the ability to still sustain growth also creates the suspicion the U.S economy remains stubbornly strong, which effectively puts the U.S Federal Reserve in a rather difficult place. Crude Oil prices have remained high, and this week’s coming jobs data will be important for short and mid-term market participants as they position themselves while nervous behavioral sentiment continues to be evident.

U.S stock markets are near three month lows and trading conditions choppy, this as yields on U.S Treasuries are elevated and create a tough road for speculators to navigate in the short-term.

Monday, 2nd of October, U.S ISM Manufacturing PMI – a reading below 50 is anticipated which would mean sentiment remains negative regarding the U.S economy, but Core Durable Goods Orders came in better than expected last week. Thus, the result of this manufacturing report could play into short and near-term USD trading and cause a ripple as financial houses anticipate the jobs numbers later this week.

Tuesday, 3rd of October, Reserve Bank of Australia – the RBA is expected to keep its Cash Rate in place. If the RBA cooperates with financial institutions and does not change its key borrowing rate , the RBA Rate Statement will come into focus. However, the AUD/USD is still within the shadows of U.S Federal Reserve like most other major currencies.

Wednesday, 4th of October, U.S ISM Services PMI – the outcome from the Services report is expected to fall below last month’s outcome. The slight miss in the GDP numbers last week was noteworthy, but the better than expected Core Durable Goods results will make this report of interest and provide a bit of impetus to the USD and U.S indices before Friday’s key jobs data – particularly if the Services reading is better than anticipated.

postN58.2
GBP/USD Three Month Chart as of 2nd Oct. 2023

Thursday, 5th of October, U.K Construction PMI – while not considered a major publication by many analysts, the ordering by purchasing managers in Britain may prove relevant as an indicator regarding outlook. The Bank of England held their interest rates in place a couple of weeks ago and this was based on the belief the U.K economy is slowing. The Construction PMI report is expected to come in slightly below last month’s outcome which could set the table for slight choppiness in the GBP/USD which has continued to trend lower.

Friday, 6th of October, U.S Non-Farm Employment Change and Average Hourly Earnings – the combination of these two reports will impact USD trading before their publication and afterwards for several hours. Financial institutions will examine these statistics carefully. If there is a hint of weakness in the U.S jobs market and wage inflation is tame, this could make the USD weaker. However, if jobs hiring remains firm and there is a slight uptick in the costs employers are having to pay workers, the USD could get stronger.