π DAILY NEWS HIGHLIGHTS! π
Date: 3 June 2024
π Oil alliance OPEC+ extends collective crude production cuts into 2025. This smaller group of OPEC+ member will also stretch another round of voluntary output cuts totalling 2.2 million barrels per day until the end of the third quarter of this year.
π Chinaβs Defense Chief Turns Down Temperature on Tensions With U.S. Chinaβs Adm. Dong Jun sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same.
π South Koreaβs Exports Extend Growth For Eighth Month in May. Exports from Asiaβs fourth-largest economy grew for an eighth consecutive month in May on brisk demand for semiconductors, continuing to drive its overall economic recovery.
π Canada GDP Growth Picks Up in 1Q But Pace Lags Expectations. The 1.7% rise in GDP was slower than the 2.2% growth economists anticipated and well below where the Bank of Canada expected the economy to be.
π Dr Pepper Ties Pepsi as Americaβs No. 2 Soda. After decades as a distant contender, Dr Pepper has climbed the ranks with help from hefty marketing, novel flavors and TikTok videos.
Sources: CNBC, Bloomberg, WSJ
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Date: 3 June 2024
π Oil alliance OPEC+ extends collective crude production cuts into 2025. This smaller group of OPEC+ member will also stretch another round of voluntary output cuts totalling 2.2 million barrels per day until the end of the third quarter of this year.
π Chinaβs Defense Chief Turns Down Temperature on Tensions With U.S. Chinaβs Adm. Dong Jun sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same.
π South Koreaβs Exports Extend Growth For Eighth Month in May. Exports from Asiaβs fourth-largest economy grew for an eighth consecutive month in May on brisk demand for semiconductors, continuing to drive its overall economic recovery.
π Canada GDP Growth Picks Up in 1Q But Pace Lags Expectations. The 1.7% rise in GDP was slower than the 2.2% growth economists anticipated and well below where the Bank of Canada expected the economy to be.
π Dr Pepper Ties Pepsi as Americaβs No. 2 Soda. After decades as a distant contender, Dr Pepper has climbed the ranks with help from hefty marketing, novel flavors and TikTok videos.
Sources: CNBC, Bloomberg, WSJ
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If you try to do everything at once (planning and execution), you are not going to do either well. It makes sense to separate the planning and execution phase, so that you can perform each activity optimally.
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π DAILY NEWS HIGHLIGHTS! π
Date: 3 June 2024
π Logistics Operators Are Looking to Break the Sectorβs IPO Logjam. Transport and logistics operators are looking to break a logjam in public stock offerings, with bankers saying some companies are exploring listings following a fallow period marked by tight funding and weak freight demand.
π Asiaβs Fledgling Manufacturing Recovery Faces Cost Pressure. Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation.
π China Caixin PMI Signals Faster Manufacturing Growth in Contrast to Official Gauge. A private gauge of Chinaβs factory activity expanded at a faster clip in May, contrasting with the official indexβs unexpected slide into contraction.
π Retailers Hate That You Buy Big Things on Your Laptop. People often prefer bigger screens and keyboards for pricier purchasesβbut merchants have more levers to pull on mobile.
π AMD Unveils Latest AI Chips, Accelerated Chip Update Timeline. Advanced Micro Devices introduced its latest artificial intelligence chips and laid out plans to roll out new products every year in a bid to challenge Nvidiaβs dominance in the AI boom.
Sources: CNBC, Bloomberg, WSJ
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Date: 3 June 2024
π Logistics Operators Are Looking to Break the Sectorβs IPO Logjam. Transport and logistics operators are looking to break a logjam in public stock offerings, with bankers saying some companies are exploring listings following a fallow period marked by tight funding and weak freight demand.
π Asiaβs Fledgling Manufacturing Recovery Faces Cost Pressure. Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation.
π China Caixin PMI Signals Faster Manufacturing Growth in Contrast to Official Gauge. A private gauge of Chinaβs factory activity expanded at a faster clip in May, contrasting with the official indexβs unexpected slide into contraction.
π Retailers Hate That You Buy Big Things on Your Laptop. People often prefer bigger screens and keyboards for pricier purchasesβbut merchants have more levers to pull on mobile.
π AMD Unveils Latest AI Chips, Accelerated Chip Update Timeline. Advanced Micro Devices introduced its latest artificial intelligence chips and laid out plans to roll out new products every year in a bid to challenge Nvidiaβs dominance in the AI boom.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Best Online Trading Tips & Quotes from the Internet]
After many years of browsing various channels for trading knowledge and wisdom, this list is a mix of all the best trading tips and quotes I have come across from books, websites, social media, and my own experiences.
Read more ππ» https://synapsetrading.com/?p=43494
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After many years of browsing various channels for trading knowledge and wisdom, this list is a mix of all the best trading tips and quotes I have come across from books, websites, social media, and my own experiences.
Read more ππ» https://synapsetrading.com/?p=43494
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Spencer Li (Synapse Trading)
Hi, this is Spencer, founder of Synapse Trading, and I have been trading and teaching for more then 15 years, having trained hundreds of traders by making complex concepts easy for beginners. If you are new to trading or are unprofitable so far, this 2.5β¦
Just a reminder that our upcoming live workshop is next week on 11 June (Tuesday), this is a great chance to kickstart your trading journey!
Click here to check availability:
π₯ https://synapsetrading.com/?p=24088
Click here to check availability:
π₯ https://synapsetrading.com/?p=24088
Synapse Trading
Trading Foundation Workshop 2.0 - New Content Added!
π DAILY NEWS HIGHLIGHTS! π
Date: 5 June 2024
π Elon Musk Redirects AI Chips: Musk orders Nvidia to divert thousands of AI chips, originally reserved for Tesla, to X and xAI, aiming to transform Tesla into a significant AI player.
π Stable Unemployment in Germany: Germany maintains a jobless rate of 5.9% in May, showing a robust job market, though the number of unemployed slightly exceeded expectations.
π Dollar's Strong Performance: The U.S. dollar shows strength not seen since the 1980s, raising questions about its sustainability amid global economic shifts.
π Databricks Acquires Tabular: In a strategic move to attract AI clients, Databricks is set to acquire Tabular, a startup specializing in data management for AI applications.
π Challenges for U.S. Chip Industry: Despite billions in federal aid through the Chips Act, the U.S. faces hurdles in ramping up its semiconductor production amid global competition and high costs.
Sources: CNBC, Bloomberg, WSJ
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Date: 5 June 2024
π Elon Musk Redirects AI Chips: Musk orders Nvidia to divert thousands of AI chips, originally reserved for Tesla, to X and xAI, aiming to transform Tesla into a significant AI player.
π Stable Unemployment in Germany: Germany maintains a jobless rate of 5.9% in May, showing a robust job market, though the number of unemployed slightly exceeded expectations.
π Dollar's Strong Performance: The U.S. dollar shows strength not seen since the 1980s, raising questions about its sustainability amid global economic shifts.
π Databricks Acquires Tabular: In a strategic move to attract AI clients, Databricks is set to acquire Tabular, a startup specializing in data management for AI applications.
π Challenges for U.S. Chip Industry: Despite billions in federal aid through the Chips Act, the U.S. faces hurdles in ramping up its semiconductor production amid global competition and high costs.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: Best Trading Tips & Quotes From Ed Seykota]
Ed Seykota is a commodities trader, who pioneered a computerized trading system for the futures market for the brokerage house he were working for.
Trading as a trend follower, he turned $5,000 into $15m over a 12 year period.
Read full post ππ» https://synapsetrading.com/?p=43460
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Ed Seykota is a commodities trader, who pioneered a computerized trading system for the futures market for the brokerage house he were working for.
Trading as a trend follower, he turned $5,000 into $15m over a 12 year period.
Read full post ππ» https://synapsetrading.com/?p=43460
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For those interested in trading & investing content, do check out my new IG channel where I post infographics, trading tips, and short videos answering commonly-asked questions about trading. π₯
https://www.instagram.com/synapsetrading_official
https://www.instagram.com/synapsetrading_official
π DAILY NEWS HIGHLIGHTS! π
Date: 6 June 2024
π Nvidia Surpasses Apple. Nvidia has become the second-most valuable public company in the U.S., trailing only Microsoft.
π ECB Prepares for Rate Cut. The European Central Bank is set to reduce rates for the first time since 2019, signaling an end to the rapid rate-hiking period initiated post-COVID-19.
π Americans' Investment Income Hits High. With the economy enduring higher interest rates, Americans are seeing substantial increases in investment income, though the boom carries potential risks.
π Bank of Canada Leads G-7 in Rate Cuts. The Bank of Canada has cut its main interest rate by a quarter point, the first among the G-7 nations to ease policy after a period of aggressive rate hikes to control inflation.
π Australia's Economic Slowdown. Australia's economy shows minimal growth in the first quarter, hindered by high interest rates and persistent inflation.
Sources: CNBC, Bloomberg, WSJ
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Date: 6 June 2024
π Nvidia Surpasses Apple. Nvidia has become the second-most valuable public company in the U.S., trailing only Microsoft.
π ECB Prepares for Rate Cut. The European Central Bank is set to reduce rates for the first time since 2019, signaling an end to the rapid rate-hiking period initiated post-COVID-19.
π Americans' Investment Income Hits High. With the economy enduring higher interest rates, Americans are seeing substantial increases in investment income, though the boom carries potential risks.
π Bank of Canada Leads G-7 in Rate Cuts. The Bank of Canada has cut its main interest rate by a quarter point, the first among the G-7 nations to ease policy after a period of aggressive rate hikes to control inflation.
π Australia's Economic Slowdown. Australia's economy shows minimal growth in the first quarter, hindered by high interest rates and persistent inflation.
Sources: CNBC, Bloomberg, WSJ
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Do you plan your trades before taking them? Everything should be planned out even before you press the button to execute a trade.
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π DAILY NEWS HIGHLIGHTS! π
Date: 7 June 2024
π Salesforce Launches AI Hub in London. As part of a $4 billion investment in the UK, Salesforce is establishing a new AI center in London to promote industry collaboration and facilitate AI training programs.
π Slower Wage Growth Expected in UK. According to a Bank of England survey, UK businesses anticipate wage increases to slow over the next year, easing inflation concerns.
π China Vanke Assures Bond Payment. In a move to ease liquidity fears amid the ongoing property crisis, Chinese developer China Vanke announced it will meet its dollar bond obligations due this Friday.
π ECB Initiates Rate Cut. For the first time since 2019, the European Central Bank has cut interest rates by a quarter point, diverging further from the Federal Reserve's policy.
π Privacy Concerns Over Metaβs AI Project. Meta faces complaints in eleven European countries over privacy concerns related to its latest AI project, underscoring the challenges faced by tech giants in using user data for AI training.
Sources: CNBC, Bloomberg, WSJ
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Date: 7 June 2024
π Salesforce Launches AI Hub in London. As part of a $4 billion investment in the UK, Salesforce is establishing a new AI center in London to promote industry collaboration and facilitate AI training programs.
π Slower Wage Growth Expected in UK. According to a Bank of England survey, UK businesses anticipate wage increases to slow over the next year, easing inflation concerns.
π China Vanke Assures Bond Payment. In a move to ease liquidity fears amid the ongoing property crisis, Chinese developer China Vanke announced it will meet its dollar bond obligations due this Friday.
π ECB Initiates Rate Cut. For the first time since 2019, the European Central Bank has cut interest rates by a quarter point, diverging further from the Federal Reserve's policy.
π Privacy Concerns Over Metaβs AI Project. Meta faces complaints in eleven European countries over privacy concerns related to its latest AI project, underscoring the challenges faced by tech giants in using user data for AI training.
Sources: CNBC, Bloomberg, WSJ
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[Trading Guide: The Practical Guide to Money & Risk Management for Traders]
In this guide on money & risk management, I have compiled everything you would need to know (even as a complete beginner), on how to manage your risk, optimise your trade parameters (entry, stoploss, target price), and measure your trade performance.
Read more ππ» https://synapsetrading.com/?p=37156
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In this guide on money & risk management, I have compiled everything you would need to know (even as a complete beginner), on how to manage your risk, optimise your trade parameters (entry, stoploss, target price), and measure your trade performance.
Read more ππ» https://synapsetrading.com/?p=37156
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π DAILY NEWS HIGHLIGHTS! π
Date: 8 June 2024
π GameStop Plummets 40%. Keith Gill, known as 'Roaring Kitty,' affirmed his belief in GameStopβs reinvention but disclosed no new insights in his latest livestream, disappointing investors and revealing he has no institutional backing.
π Credit Suisse Bondholders Sue Swiss Government. A lawsuit has been filed in the U.S. by Credit Suisse bondholders against the Swiss government for the $17 billion writedown of AT1 debt, demanding full compensation.
π U.S. Job Market Shows Strength. Despite an increase in the unemployment rate to 4%, robust hiring last month underscores the resilience of the U.S. economy, with wage growth also on the rise.
π Russia Considers Raising Interest Rates. The Russian central bank maintained its key rate but signaled potential hikes ahead to address accelerating inflation.
π S&P 500 Dips Following Jobs Report. The strong U.S. jobs data pushed Treasury yields up significantly, leading to a recalibration of Federal Reserve rate cut expectations and a dip in stock markets.
Date: 8 June 2024
π GameStop Plummets 40%. Keith Gill, known as 'Roaring Kitty,' affirmed his belief in GameStopβs reinvention but disclosed no new insights in his latest livestream, disappointing investors and revealing he has no institutional backing.
π Credit Suisse Bondholders Sue Swiss Government. A lawsuit has been filed in the U.S. by Credit Suisse bondholders against the Swiss government for the $17 billion writedown of AT1 debt, demanding full compensation.
π U.S. Job Market Shows Strength. Despite an increase in the unemployment rate to 4%, robust hiring last month underscores the resilience of the U.S. economy, with wage growth also on the rise.
π Russia Considers Raising Interest Rates. The Russian central bank maintained its key rate but signaled potential hikes ahead to address accelerating inflation.
π S&P 500 Dips Following Jobs Report. The strong U.S. jobs data pushed Treasury yields up significantly, leading to a recalibration of Federal Reserve rate cut expectations and a dip in stock markets.
[Blog Post: The Time Element - Choosing the Correct Timeframe]
Using multiple timeframes can provide different perspectives on the market, and provide key information on the lead-lag relationship.
Small timeframes lead larger ones, and larger ones drive the smaller ones. Understanding the inter-play is crucial.
Read more ππ» https://synapsetrading.com/?p=2733
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Using multiple timeframes can provide different perspectives on the market, and provide key information on the lead-lag relationship.
Small timeframes lead larger ones, and larger ones drive the smaller ones. Understanding the inter-play is crucial.
Read more ππ» https://synapsetrading.com/?p=2733
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π DAILY NEWS HIGHLIGHTS! π
Date: 9 June 2024
π Biden's Strategy in Gaza Falters. Efforts by the U.S., involving Qatar and Egypt, to pressure Hamas into agreeing to a ceasefire with Israel have failed, leading to increased resolve within the militant group.
π Google's New CFO Gets Lucrative Welcome. Alphabet has awarded its new CFO, Anat Ashkenazi, a $9.9 million signing bonus and $13.1 million in restricted stock units to offset the loss of benefits from her previous employer, Eli Lilly.
π Elon Musk's Pay Dispute Echoes Past Employee Grievances. As Tesla's CEO contests his compensation package, it mirrors previous disputes where employees claimed they were not adequately compensated.
π Saudis Allocate Majority of Aramco Shares to Foreign Investors. About 60% of the recent Aramco public offering has reportedly been allocated to investors from the US and Europe, attracting orders around $65 billion.
π LNG Adoption Accelerates in China's Transportation Sector. With LNG prices falling, one in three new heavy-duty trucks in China now runs on gas, highlighting a shift towards cleaner energy alternatives in transportation and shipping.
Sources: CNBC, Bloomberg, WSJ
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Date: 9 June 2024
π Biden's Strategy in Gaza Falters. Efforts by the U.S., involving Qatar and Egypt, to pressure Hamas into agreeing to a ceasefire with Israel have failed, leading to increased resolve within the militant group.
π Google's New CFO Gets Lucrative Welcome. Alphabet has awarded its new CFO, Anat Ashkenazi, a $9.9 million signing bonus and $13.1 million in restricted stock units to offset the loss of benefits from her previous employer, Eli Lilly.
π Elon Musk's Pay Dispute Echoes Past Employee Grievances. As Tesla's CEO contests his compensation package, it mirrors previous disputes where employees claimed they were not adequately compensated.
π Saudis Allocate Majority of Aramco Shares to Foreign Investors. About 60% of the recent Aramco public offering has reportedly been allocated to investors from the US and Europe, attracting orders around $65 billion.
π LNG Adoption Accelerates in China's Transportation Sector. With LNG prices falling, one in three new heavy-duty trucks in China now runs on gas, highlighting a shift towards cleaner energy alternatives in transportation and shipping.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: An Unofficial Guide to Living Your Best Life]
Would you rather have a life that is financially rich but poor in every other aspect, or a life which is rich in every aspect?
Read full post ππ» https://synapsetrading.com/?p=37536
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Would you rather have a life that is financially rich but poor in every other aspect, or a life which is rich in every aspect?
Read full post ππ» https://synapsetrading.com/?p=37536
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π DAILY NEWS HIGHLIGHTS! π
Date: 10 June 2024
π Aramco's Shares Climb After $11.2 Billion Stock Sale. Saudi oil giant Aramco sees its shares rise following a successful stock sale that aligns with Saudi Arabia's Vision 2030 to diversify its economy beyond oil.
π Public Hostility Towards Inflation Challenges the Fed. Despite the Federal Reserve's long-standing 2% inflation target, rising public discontent over inflation pressures the Fed and stimulates debate among economists about raising the target to 4%.
π De Beers Faces Crucial Decision Amid Lab-Grown Diamond Popularity. With a shift in American preferences towards lab-grown diamonds, the next buyer of De Beers must excel not only in mining but in marketing as well.
π US Postal Serviceβs $40 Billion Modernization Stumbles. Initial efforts to overhaul the Postal Service, led by Postmaster General Louis DeJoy, encounter significant delays due to staffing and operational issues.
π Expanding Job Opportunities for Autistic Individuals. Beyond the tech industry, companies across various sectors are increasingly acknowledging the unique skills of autistic and neurodivergent individuals and are adapting workplaces to be more inclusive.
Sources: CNBC, Bloomberg, WSJ
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Date: 10 June 2024
π Aramco's Shares Climb After $11.2 Billion Stock Sale. Saudi oil giant Aramco sees its shares rise following a successful stock sale that aligns with Saudi Arabia's Vision 2030 to diversify its economy beyond oil.
π Public Hostility Towards Inflation Challenges the Fed. Despite the Federal Reserve's long-standing 2% inflation target, rising public discontent over inflation pressures the Fed and stimulates debate among economists about raising the target to 4%.
π De Beers Faces Crucial Decision Amid Lab-Grown Diamond Popularity. With a shift in American preferences towards lab-grown diamonds, the next buyer of De Beers must excel not only in mining but in marketing as well.
π US Postal Serviceβs $40 Billion Modernization Stumbles. Initial efforts to overhaul the Postal Service, led by Postmaster General Louis DeJoy, encounter significant delays due to staffing and operational issues.
π Expanding Job Opportunities for Autistic Individuals. Beyond the tech industry, companies across various sectors are increasingly acknowledging the unique skills of autistic and neurodivergent individuals and are adapting workplaces to be more inclusive.
Sources: CNBC, Bloomberg, WSJ
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The financial markets run on mass psychology, such as greed and fear. If you want to master the market, you first need to master your own greed and fear.
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π DAILY NEWS HIGHLIGHTS! π
Date: 11 June 2024
π Taiwan's Energy Crunch Threatens Global Chip Industry. Taiwan's dependency on imported energy, mainly coal and gas, poses significant risks to its semiconductor sector, crucial to global supply chains, amid frequent power outages.
π Musk Challenges Apple's Partnership with OpenAI. In response to Apple integrating OpenAI's ChatGPT with Siri, Elon Musk has threatened to ban Apple devices from his companies, citing privacy concerns.
π Global Ad Revenue Set to Reach $1 Trillion Sooner Than Anticipated. According to GroupM, global advertising revenue is expected to grow by 7.8% to nearly $990 billion in 2024, surpassing earlier forecasts due to robust market dynamics.
π Innovation in Aviation: Solar-Powered Planes Ascend. New developments in aviation see solar-powered planes capable of providing long-duration surveillance and telecommunications services, surpassing the capabilities of balloons and satellites.
π Boeing's Training Overhaul Amid Workforce Challenges. Boeing is facing urgent training needs for new employees after an exodus of experienced workers, impacting the quality and safety of its aircraft production.
Sources: CNBC, Bloomberg, WSJ
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Date: 11 June 2024
π Taiwan's Energy Crunch Threatens Global Chip Industry. Taiwan's dependency on imported energy, mainly coal and gas, poses significant risks to its semiconductor sector, crucial to global supply chains, amid frequent power outages.
π Musk Challenges Apple's Partnership with OpenAI. In response to Apple integrating OpenAI's ChatGPT with Siri, Elon Musk has threatened to ban Apple devices from his companies, citing privacy concerns.
π Global Ad Revenue Set to Reach $1 Trillion Sooner Than Anticipated. According to GroupM, global advertising revenue is expected to grow by 7.8% to nearly $990 billion in 2024, surpassing earlier forecasts due to robust market dynamics.
π Innovation in Aviation: Solar-Powered Planes Ascend. New developments in aviation see solar-powered planes capable of providing long-duration surveillance and telecommunications services, surpassing the capabilities of balloons and satellites.
π Boeing's Training Overhaul Amid Workforce Challenges. Boeing is facing urgent training needs for new employees after an exodus of experienced workers, impacting the quality and safety of its aircraft production.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Proof of Work vs. Proof of Stake: Which One is Better?]
Did you know there is an epic battle between the two main cryptocurrency verification systems?
In this post, I'm going to break down everything you need to know about this ongoing battle of cryptocurrency algorithms, and the pros & cons of each system.
Read more ππ» https://synapsetrading.com/?p=44010
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Did you know there is an epic battle between the two main cryptocurrency verification systems?
In this post, I'm going to break down everything you need to know about this ongoing battle of cryptocurrency algorithms, and the pros & cons of each system.
Read more ππ» https://synapsetrading.com/?p=44010
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