1. ChatGPT economic forcast

June 5th ~ 9th, 2023 – ChatGPT Economic Forecasts

Blue trader and chart, willem de kooning-taste 1

“Blue trader and chart”
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…

ーーーーーーーーーーーーーー
Week of June 5 – 9, 2023,
SPX500: buy
USD/JPY: buy
EUR/USD: sell
BTC/USD: sell
ーーーーーーーーーーーーーー

Results…

ーーーーーーーーーーーーーー
Results will be listed over the weekend.
ーーーーーーーーーーーーーー

ChatGPT (ChatGPT4+Browsing) answer (*excerpt):

"SPX500: The current price is $4,282.37, up 1.45% from the previous day (*1). The range for the past 52 weeks is $3,491.58 to $4,325.28, and it is close to the higher end (*1). The overall market seems to be on an upward trend as the stock prices of major technology companies continue to rise (*1). Based on this information, I will consider buying the SPX500 at the beginning of next week.

USD/JPY: The current rate is around 139.00 yen, and it is on a downward trend from the high of 141.00 yen last week (*2). The U.S. employment statistics exceeded market expectations, with the number of newly employed people at 339K, but the unemployment rate unexpectedly rose to 3.7% (*2). However, the response of the Bank of Japan and the risk-on market environment are providing support (*2). Considering this information, I will consider taking a long position on USD/JPY.

EUR/USD: The current rate is around 1.0700, and the euro is falling due to the impact of U.S. employment statistics (*3). However, if it exceeds the upper limit of the range, 1.0780, the euro is expected to rise (*3). The market is predicting a pause in U.S. rate hikes, and if this happens, the euro’s fall may accelerate further (*3). Based on this information, I will consider taking a short position on EUR/USD.

I would consider a strategy of selling BTC/USD at the beginning of this week and unwinding the position by the weekend. The reason for this is that U.S. interest rate policy and the trend in the stock market may have a negative impact on Bitcoin. Bitcoin traditionally tends to rise in risk-off (investment appetite for low-risk assets) situations, but the current market situation is risk-on, which can be seen as a negative situation for the price of Bitcoin.

However, this is just my viewpoint based on current market information, and it is very difficult to accurately predict future market movements. Also, Bitcoin is a very volatile asset, and its price could move significantly due to unpredictable factors. Therefore, trading involves risk.

In addition, the price of Bitcoin is influenced by a variety of factors such as regulations in each country, technical changes, and market sentiment. Therefore, it is important to consider not only current information but also these factors."

*
1.
https://www.reuters.com/markets/quote/.SPX
2.
https://home.fxstreet.com/currencies/usdjpy
3.
https://www.fxstreet.com/currencies/eurusd

Extraction date & time:

20230604 11:23

From looking at the source, it seems that this time the predictions were made only from information from Reuters.com and fxstreet.com. This is indeed unreliable. I want to increase the significance of the verification even slightly, so from the next time, I am thinking of using a plugin instead of ‘Browse with Bing’. Since there are already several economic plugins available, I will consider how to use them after a certain level of scrutiny. The details are explained on this page.

ーーーーーーーーーーーーーー

How I ask AI questions & about ChatGPT economic forcast

Past Performance Results

related articles

LANGUAGE

INVESTMENT RISK WARNING

The information posted on this website is not intended for the purpose of soliciting investments. Please refrain from relying solely on the information posted on this website when making investment decisions. We ask that you make investment decisions based on your own judgment and responsibility. It is recommended that you fully consider the risk factors.

FX RISK WARNING

Foreign exchange trading (FX) carries a high level of risk. Leverage can create even greater risk and potential loss. You may lose some or all of your initial investment. For this reason, it is recommended that you carefully consider your investment objectives, degree of experience, and risk tolerance before executing forex trading. You should never make a financial investment that cannot withstand a loss. Please review the risks of foreign exchange transactions and seek advice from a neutral financial and tax advisor if you have any unclear points.