“The action that selling and buying stocks with chart 4”
Image extraction: DALL・E2
Warning:
The buying/selling listed on this page is not a recommendation to buy or sell the listed stocks, currencies, or crypto assets. It only publishes the results automatically calculated by the computing machine, and has no further meaning or purpose.
In summary…
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Week of July 3 – 7, 2023,
SPX500: sell
USD/JPY: buy
EUR/USD: buy
BTC/USD: buy
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Results…
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SPX500：sell
（open：4456.32 – close：4400.92）
USD/JPY：buy
（open：144.24 – close：142.09）
EUR/USD：buy（open：1.0908 – close：1.0965）
BTC/USD：buy（open：30581.30 – close：30255.00）
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):
"SPX500:
Considering the current fundamental factors, it can be speculated that the SPX500 may decline. The main reasons are past interest rate hikes, regional bank issues, weak earnings, etc., which are depressing market sentiment. In particular, concerns are raised that the collapse of some regional banks, such as Silicon Valley Bank, could affect US companies that depend on loans from these small banks. Also, there is a view that the economy could fall into a recession due to the Federal Reserve’s aggressive interest rate hikes. Based on these factors, I would take the position of selling SPX500 at the beginning of the week and liquidating my position over the weekend.
USD/JPY:
First, according to Panda Forecast, the forecast for USD/JPY in July 2023 shows positive movement. The average forecast value is 145.412, which is higher than the current rate (*1). This forecast takes into account various factors such as technical analysis, fundamental analysis, news background, and the general geopolitical situation in the world. Therefore, assuming these forecasts are accurate, there is a possibility of making a profit by buying USD/JPY.
EUR/USD:
In response to the question of whether to sell or buy at the beginning of next week (July 3, 2023), considering the economic outlook of the Eurozone and the United States, I recommend a trade of buying Euros and selling Dollars. The outlook for the Eurozone is expected to see inflation decline throughout 2023, household incomes recover, and foreign demand strengthen. This is expected to result in a recovery in the real GDP growth rate of the Eurozone in the coming quarters (*2). On the other hand, the economic outlook for the United States is somewhat pessimistic. Many factors such as inflation problems, Federal Reserve’s tightening policy, a slowdown in bank lending due to the banking crisis, government spending cuts due to the debt ceiling agreement, potential trends in consumer spending and income, and business investment are affecting the economy, and it’s pointed out they could cause a recession. Due to these factors, the real GDP growth rate of the United States is expected to slow down to 1.0% in 2023 and to 0.0% in 2024 (*3). Considering these factors, while the economic situation in the Eurozone is relatively stable, the United States faces several problems. These differences are likely to be reflected in exchange rates, and I think there’s a high probability that the Euro will rise against the Dollar.
BTC/USD:
First, the latest forecast suggests that the price of Bitcoin will rise from $20,589.19 to $23,821.77 between July 3, 2023, and July 7, 2023. This indicates a rise of about 15% in a week, and based on this forecast alone, it would be reasonable to take a long position. However, recent news about Bitcoin needs to be considered. In particular, it’s important to note that the SEC (US Securities and Exchange Commission) is stepping up its strict surveillance and regulation of cryptocurrencies. On June 5, Binance, a Bitcoin exchange, and its founder were indicted for 13 securities law violations【37†source】. Following this, the SEC is also suing Coinbase. These circumstances may affect the entire cryptocurrency market and potentially impact the price of Bitcoin. On the other hand, there are optimistic views on Bitcoin from people like Tom Lee, the research director at Fundstrat, and Cathie Wood, CEO of ARK Invest【38†source】【39†source】. They suggest that the price of Bitcoin could rise significantly in the next few years. Considering this information, if I were a hedge fund trader, I would choose to ‘buy’ for this week’s BTC/USD. The reasons are as follows:
・The short-term price forecast indicates a rise【27†source】.
・While the strictness of regulations on Bitcoin and market uncertainty may cause large price swings, these can also create opportunities for profit【37†source】.
・From a long-term perspective, there are views suggesting the potential for significant increases in Bitcoin’s value【38†source】【39†source】."
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1: https://pandaforecast.com/forex/usdjpy/for2023/
2: https://www.ecb.europa.eu/pub/projections/html/index.en.html
3: https://www.conference-board.org/research/us-forecast
Extraction date & time:
20230702 10:28
The phrase “38†source” often appears in the BTC/USD column, which seems like a bug in ChatGPT, where a number with a link should originally be written. It happens occasionally, but I decided to leave it as is because I wanted to quote it as it is.
By the way, I can’t deny that the analysis of USD/JPY this time feels quite weak.
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