1. ChatGPT economic forcast

May 8th~12th, 2023 – ChatGPT Economic Forecasts

Chart with person. Dall.E2 extracted.

“Charts and Investments, Blue 2”
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 May 08-12, 2023,
SPX500: sell
USD/JPY: buy
EUR/USD: sell
BTC/USD: buy
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Results…

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SPX500:sell icon-right(open:4135.08 – close:4118.18)
USD/JPY:buy icon-right(open:134.82 – close:135.72)
EUR/USD:sell icon-right(open:1.1020 – close:1.0849)
BTC/USD:sell icon-wrong(open:28927.56 – close:26433.80)
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ChatGPT (via ChatSonic’s API) answer (*excerpt):

"…SPX500: Sell
In the current economic situation, the growth of the US economy has slowed down and inflation rates remain high. In addition, the impact of the COVID-19 pandemic has not yet been resolved, and the economic recovery is in an uncertain state. Therefore, it is believed that the stock prices have risen too high. Furthermore, tightening fiscal policy and rising interest rates are also possible, which may cause stock prices to fall.

USD/JPY: Buy
It is expected that the US economic growth will continue, and as the economic recovery progresses, an increase in interest rates is also expected. On the other hand, Japan’s economic recovery is lagging behind, and monetary policy continues to be in an easing trend. Therefore, it is believed that the direction of a strong US dollar and a weak Japanese yen will continue.

EUR/USD: Sell
The economic growth of the European Union (EU) is slowing down compared to the growth of the United States and Asia, and the European Central Bank (ECB) continues to implement monetary policy easing. In addition, there are political concerns within the Eurozone, which may cause the value of the euro to decline. On the other hand, as the US economy continues to grow, it is believed that the direction of a strong US dollar and a weak euro will continue.

BTC/USD: Buy
In the cryptocurrency market, attention is increasing as major companies enter the virtual currency market. In addition, Bitcoin is also being used for asset management by listed companies, indicating an increase in market reliability. Moreover, as news related to cryptocurrency, such as the issuance of central bank digital currencies, increases, there is a possibility that demand will increase. Therefore, in the long term, it is believed that the price of Bitcoin will rise. However, since short-term price fluctuations are intense, it is necessary to pay attention to price movements before closing positions over the weekend."

Extraction date & time:

20230507 23:27

It’s natural to say, but fundamental analysis for each week tends to be quite similar. The market is known for sudden changes from one day to the next, but such things don’t happen so easily.

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