1. ChatGPT economic forcast

January 22nd ~ 26th, 2024 – ChatGPT Economic Forecasts

Male stock trader. David hockney tasted 8

“A stock trader 8”
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 January 22 – 26, 2024,
SPX500: buy
USD/JPY: buy
EUR/USD: buy
BTC/USD: sell
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Results…

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SPX500:icon-right(open:4849.50 – close:4887.57)
USD/JPY:icon-wrong(open:148.23 – close:148.10)
EUR/USD:icon-wrong(open:1.0889 – close:1.0853)
BTC/USD:icon-wrong(open:41597.00 – close:41974.04)
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ChatGPT (ChatGPT4+Browsing) answer (*excerpt):

"
SPX500
Based on the latest information about SPX500 (S&P 500), the following analysis can be made.

As of January 2024, SPX500 has updated its highest value in the past two years. This rise is particularly supported by the strength of tech stocks, reflecting an overall optimistic mood in the market. This optimistic mood is due to low interest rates and expectations for sustainable growth in 2024.

Based on this information, if I were a hedge fund trader, I would adopt the following strategy. Considering the current bullish market movement and expectations for growth, I would consider taking a long position in SPX500 at the beginning of the week. This is because the market may show further upward movement in the short term. However, I would also plan to liquidate the position by the end of the week to secure profits, keeping in mind the market’s volatility and uncertainty. It’s unclear whether the market’s optimistic mood will continue, and I would pay attention to various economic indicators and news throughout the week, adjusting the strategy as needed.

USD/JPY
Recent data indicates that the USD/JPY rate recorded a high of 148.183 and a low of 141.029 on January 21, 2024. This fluctuation in the rate reflects both the weakness of the Japanese yen and the strength of the US dollar. Specifically, the continuous leniency of the Bank of Japan’s monetary policy and the strength of US economic indicators may have influenced this. For instance, it has been reported that US retail sales exceeded expectations and the consumer confidence index was higher than anticipated.

Considering these data, if I were a hedge fund trader, I would adopt the following strategy. Currently, USD/JPY is on an upward trend, and it is likely that this trend will continue in the short term. Therefore, I would consider taking a long position at the beginning of the week and liquidating it by the end of the week to secure profits.

However, careful monitoring is necessary, as a policy meeting of the Bank of Japan is scheduled this week, which could change the market trend. Additionally, other important economic data releases are planned, which could significantly move the market.

This analysis is based on current market trends and recent economic data, but the foreign exchange market is highly volatile and subject to change due to unexpected news or policy changes.

EUR/USD
Considering various factors, I would consider taking a long position for the following reasons.

Interest Rate Outlook: The US interest rate is expected to drop in the second half of 2024, which would be a weak factor against the USD. Also, EUR/USD is predicted to strengthen to 1.15 towards the end of 2024.

Economic Data: If US economic data is stronger than expected, the USD may strengthen in the short term. However, considering limited information on ECB policies and economic indicators in the Eurozone, the EUR may become stronger in the medium to long term.

Technical Analysis: Based on the current trend and chart analysis of EUR/USD, movements within the 1.10-1.13 range are expected, but there is room for an increase.

Based on this analysis, if I had to take a position, I would consider taking a long position in EUR/USD. However, this strategy requires monitoring market trends in the short term and adjusting according to economic data and policy announcements.

BTC/USD
BTC Current Status and Analysis: Currently, Bitcoin is trying to maintain support at $40,000, but some analysts point out the possibility of dropping to $38,000. This suggests that Bitcoin may either be flat or decline in the short term (from Kitco News). Additionally, Bitcoin is expected to grow in the layer 2 ecosystem, which may indicate its future potential, but this may not directly affect its short-term trends (from CoinDesk).

Overall Market Trend: The overall cryptocurrency market is mixed, with some altcoins gaining profits while others are declining. Bitcoin’s market dominance is about 49.8% (from Kitco News).

Potential Influencing Factors for Bitcoin: 2024 is an important year for Bitcoin, with the SEC’s approval of ETFs and the Bitcoin halving event being significant elements shaping the dynamics of digital assets (from CoinDesk).

Given these analyses, if I were a hedge fund trader, I would take a cautious approach to BTC/USD. Considering the current price trend of Bitcoin and the market’s uncertainty, it is highly likely that I would consider a short position in the short term. However, taking into account the medium to long-term outlook, overall market trends, and potential growth factors for Bitcoin in the future, positions should be adjusted as needed.

It’s important to note that the cryptocurrency market is highly volatile and unpredictable, so investment should be made with caution.
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Extraction date & time:

20240121 22:36

This time too, the chat went very smoothly. It’s been about 9 months since I started experiencing ChatGPT, and during that short period, the responses have changed considerably depending on the time. This is despite not having significantly altered the way I ask questions. When I ask ChatGPT about this, it insists that the system has not changed at all, but perhaps it has become a bit more accustomed to the way I ask questions.

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