๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 10 June 2024
๐ 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.
๐ 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%.
๐ 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.
๐ US Postal Serviceโs $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.
๐ 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
Share ๐ป https://www.tg-me.com/synapsetrading
Date: 10 June 2024
๐ 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.
๐ 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%.
๐ 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.
๐ US Postal Serviceโs $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.
๐ 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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โค1
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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๐1
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 11 June 2024
๐ 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.
๐ 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.
๐ 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.
๐ 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.
๐ 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
๐ 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.
๐ 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.
๐ 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.
๐ 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.
๐ 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 ๐๐ป https://synapsetrading.com/?p=44010
Share ๐ป https://www.tg-me.com/synapsetrading
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 ๐๐ป https://synapsetrading.com/?p=44010
Share ๐ป https://www.tg-me.com/synapsetrading
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 12 June 2024
๐ Apple Shares Close at Record High After Company Unveils AI Software. Analysts believe the new AI features will drive consumers to upgrade their devices since the tools are only available on newer models.
๐ Boeing Sales Tumble as the Company Gets No Orders for the 737 Max for the Second Straight Month. The dismal results followed poor figures for April, when Boeing reported seven salesโnone of them for the Max.
๐ Canadian Border Agents Reach Tentative Deal to Avoid Strike. The union representing more than 9,000 Canadian border agents reached a tentative agreement with government negotiators that would avoid a strike that threatens to disrupt trade with the U.S.
๐ EU Secures More Than 40 Million Bird Flu Vaccines. The European Commission said the vaccine is intended for those most at risk of contracting the virus, such as poultry farm workers and veterinarians.
๐ Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy. Australian businesses reported a reacceleration in inflation pressures in May despite the backdrop of a lifeless economy.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
Date: 12 June 2024
๐ Apple Shares Close at Record High After Company Unveils AI Software. Analysts believe the new AI features will drive consumers to upgrade their devices since the tools are only available on newer models.
๐ Boeing Sales Tumble as the Company Gets No Orders for the 737 Max for the Second Straight Month. The dismal results followed poor figures for April, when Boeing reported seven salesโnone of them for the Max.
๐ Canadian Border Agents Reach Tentative Deal to Avoid Strike. The union representing more than 9,000 Canadian border agents reached a tentative agreement with government negotiators that would avoid a strike that threatens to disrupt trade with the U.S.
๐ EU Secures More Than 40 Million Bird Flu Vaccines. The European Commission said the vaccine is intended for those most at risk of contracting the virus, such as poultry farm workers and veterinarians.
๐ Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy. Australian businesses reported a reacceleration in inflation pressures in May despite the backdrop of a lifeless economy.
Sources: CNBC, Bloomberg, WSJ
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โค1
[Infographic: 10 Essential Trading Rules of Professional Traders]
Here are my top 10 trading rules I developed, after over 10,000 hours of trading professionally, and I hope that this will help you take your trading to the next level.
Read more ๐๐ป https://synapsetrading.com/?p=18574
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Here are my top 10 trading rules I developed, after over 10,000 hours of trading professionally, and I hope that this will help you take your trading to the next level.
Read more ๐๐ป https://synapsetrading.com/?p=18574
Share ๐ป https://www.tg-me.com/synapsetrading
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 13 June 2024
๐ Inflation Slows in May: Consumer prices rose 3.3% from a year ago, driven by a 2% drop in the energy index and a 0.1% increase in food.
๐ Oil Prices Rise: Supply-demand balance expected to tighten in the third quarter as U.S. crude stockpiles rose by 3.7 million barrels and gasoline inventories increased by 2.6 million barrels last week.
๐ EU Announces Higher Tariffs on Chinese EVs: The EU imposes a 38.1% tariff on non-cooperative Chinese battery-electric vehicle producers and a 21% duty on cooperative but unsampled carmakers.
๐ Canada Fights for Economic Security in Pre-Election U.S. Campaign: Canadian officials emphasize maintaining duty-free access to the U.S. economy to boost Americaโs economic growth.
๐ Fed Projects Just One Cut This Year Despite Mild Inflation Report: Central bankers anticipate inflation returning closer to their goal next year, with a longer wait on rate reductions.
Sources: CNBC, Bloomberg, WSJ
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Date: 13 June 2024
๐ Inflation Slows in May: Consumer prices rose 3.3% from a year ago, driven by a 2% drop in the energy index and a 0.1% increase in food.
๐ Oil Prices Rise: Supply-demand balance expected to tighten in the third quarter as U.S. crude stockpiles rose by 3.7 million barrels and gasoline inventories increased by 2.6 million barrels last week.
๐ EU Announces Higher Tariffs on Chinese EVs: The EU imposes a 38.1% tariff on non-cooperative Chinese battery-electric vehicle producers and a 21% duty on cooperative but unsampled carmakers.
๐ Canada Fights for Economic Security in Pre-Election U.S. Campaign: Canadian officials emphasize maintaining duty-free access to the U.S. economy to boost Americaโs economic growth.
๐ Fed Projects Just One Cut This Year Despite Mild Inflation Report: Central bankers anticipate inflation returning closer to their goal next year, with a longer wait on rate reductions.
Sources: CNBC, Bloomberg, WSJ
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โค1
A good trader should avoid projecting their own views onto a chart. The point of analysis is to see what the chart is telling us objectively, not to confirm our own preconceived notions.
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๐พ3
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 14 June 2024
๐ Wise Shares Plunge 10% After Forecasting Slower Growth. British payments company Wise expects underlying year-over-year income growth of 15-20% for the fiscal year ending March 2025, down from the 31% growth reported for the previous fiscal year.
๐ Bank of Canada Defends QE Impact. A senior Bank of Canada official stated that the central bank's pandemic-era bond purchasing boosted economic output by as much as 3%.
๐ Russia Halts Dollar and Euro Trading on Main Exchange. Russia stopped trading in U.S. dollars, euros, and Hong Kong dollars on its flagship stock exchange following new U.S. sanctions aimed at restricting Moscowโs financial operations.
๐ Taiwan Central Bank Maintains Key Interest Rates. Taiwanโs central bank kept interest rates steady, citing cooling inflation and steady economic growth.
๐ Tesla May Increase Model 3 Prices in Europe Due to Tariffs. Tesla is likely to raise the price of its Model 3 in Europe starting July 1 in response to upcoming EU tariffs on electric vehicles made in China.
Sources: CNBC, Bloomberg, WSJ
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Date: 14 June 2024
๐ Wise Shares Plunge 10% After Forecasting Slower Growth. British payments company Wise expects underlying year-over-year income growth of 15-20% for the fiscal year ending March 2025, down from the 31% growth reported for the previous fiscal year.
๐ Bank of Canada Defends QE Impact. A senior Bank of Canada official stated that the central bank's pandemic-era bond purchasing boosted economic output by as much as 3%.
๐ Russia Halts Dollar and Euro Trading on Main Exchange. Russia stopped trading in U.S. dollars, euros, and Hong Kong dollars on its flagship stock exchange following new U.S. sanctions aimed at restricting Moscowโs financial operations.
๐ Taiwan Central Bank Maintains Key Interest Rates. Taiwanโs central bank kept interest rates steady, citing cooling inflation and steady economic growth.
๐ Tesla May Increase Model 3 Prices in Europe Due to Tariffs. Tesla is likely to raise the price of its Model 3 in Europe starting July 1 in response to upcoming EU tariffs on electric vehicles made in China.
Sources: CNBC, Bloomberg, WSJ
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[Trading Guide: Complete Guide to Investing & Trading Psychology]
In this detailed guide on investing and trading psychology, you will learn how to master the psychological and mental aspect of trading, to achieve long-term consistency & profitability.
Read more ๐๐ป
https://synapsetrading.com/?p=34435
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In this detailed guide on investing and trading psychology, you will learn how to master the psychological and mental aspect of trading, to achieve long-term consistency & profitability.
Read more ๐๐ป
https://synapsetrading.com/?p=34435
Share ๐ป https://www.tg-me.com/synapsetrading
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 15 June 2024
๐ Adobe Shares Surge 15% for Sharpest Rally Since 2020. CEO Shantanu Narayen cited the software companyโs โhighly differentiated approach to AI and innovative product delivery.โ
๐ Musk Pay Victory Removes Cloud at Tesla, but Fresh Legal Fight Looms. The vote to approve the multibillion-dollar pay package sets the stage for the next round of the court battle.
๐ Pandemic Felled Dozens of Stellar Credit Ratings. CFOs Want Them Back. Delta, Macyโs, and others are among the โfallen angelsโ that lost their investment-grade halo in 2020. Finance chiefs have been slashing debt and fortifying balance sheets to recoup that ranking.
๐ ByteDance to Lay Off Staff at Indonesian E-Commerce Unit. TikTokโs parent will lay off staff at its Indonesian e-commerce unit to cut costs in the wake of a deal that let the video-sharing app reopen its online shop in the Southeast Asian country.
๐ Bank of Japan Plans to Reduce Bond Buying, Yen Weakens. In a decision seen as a step toward monetary tightening, the bank said it would reduce the amount of monthly government bond purchases, as it left its policy interest rate unchanged.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
Date: 15 June 2024
๐ Adobe Shares Surge 15% for Sharpest Rally Since 2020. CEO Shantanu Narayen cited the software companyโs โhighly differentiated approach to AI and innovative product delivery.โ
๐ Musk Pay Victory Removes Cloud at Tesla, but Fresh Legal Fight Looms. The vote to approve the multibillion-dollar pay package sets the stage for the next round of the court battle.
๐ Pandemic Felled Dozens of Stellar Credit Ratings. CFOs Want Them Back. Delta, Macyโs, and others are among the โfallen angelsโ that lost their investment-grade halo in 2020. Finance chiefs have been slashing debt and fortifying balance sheets to recoup that ranking.
๐ ByteDance to Lay Off Staff at Indonesian E-Commerce Unit. TikTokโs parent will lay off staff at its Indonesian e-commerce unit to cut costs in the wake of a deal that let the video-sharing app reopen its online shop in the Southeast Asian country.
๐ Bank of Japan Plans to Reduce Bond Buying, Yen Weakens. In a decision seen as a step toward monetary tightening, the bank said it would reduce the amount of monthly government bond purchases, as it left its policy interest rate unchanged.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Overconfidence Bias in Trading - How Can I Ever be Wrong?]
Due to overconfidence bias, people tend to think that they are smarter and make better decisions than they actually do in reality.
How can we avoid this mistake in trading?
Read more ๐๐ป https://synapsetrading.com/?p=6043
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Due to overconfidence bias, people tend to think that they are smarter and make better decisions than they actually do in reality.
How can we avoid this mistake in trading?
Read more ๐๐ป https://synapsetrading.com/?p=6043
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Spencer Li (Synapse Trading)
Announcement: Our TMP live classroom sessions are back after a 7 year break! For the past 7 years, I have stopped doing live events (even before Covid) to focus on my trading and supporting my existing students, and our community has been steadily growing.โฆ
[Last Call] Just a reminder that this is happening next weekend, and we have a last few seats left, so don't miss this chance, or the next one might be several months away!
Click here to find out more:
๐ฅ https://synapsetrading.com/the-synapse-program/
Dates & details:
๐ฅ https://forms.gle/V4YEDEkumxGSfWa2A
Click here to find out more:
๐ฅ https://synapsetrading.com/the-synapse-program/
Dates & details:
๐ฅ https://forms.gle/V4YEDEkumxGSfWa2A
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 16 June 2024
๐ Week Ahead for FX, Bonds: Rate Decisions Due in U.K., Australia. Markets await a raft of interest-rate decisions, including in the U.K., Australia, China, Indonesia, Switzerland, and Norway, while French assets will be watched closely ahead of snap elections.
๐ The Only App That Always Wins the Battle for Your Attention. Duolingo taps into the power of streaks and hooks you with perfectly timed nudges. Can its success translate to other companies?
๐ The Big AI Question: Are You Ready to Pay for It? Consumers who are tempted to upgrade will find higher prices for new AI-powered gadgetsโand new subscription fees to access their full capabilities.
๐ Reality TVโs New Spin on Romance: Commitment Over Drama. As viewers flock to romance TV, the latest shows highlight love and proposals instead of rivalries and steamy trysts.
๐ What Does $48 Billion Get Tesla Investors? A Return of the Old Elon Musk. The CEO filled shareholdersโ heads with visions of robots and driverless cars, but they come with a cost beyond his pay package.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
Date: 16 June 2024
๐ Week Ahead for FX, Bonds: Rate Decisions Due in U.K., Australia. Markets await a raft of interest-rate decisions, including in the U.K., Australia, China, Indonesia, Switzerland, and Norway, while French assets will be watched closely ahead of snap elections.
๐ The Only App That Always Wins the Battle for Your Attention. Duolingo taps into the power of streaks and hooks you with perfectly timed nudges. Can its success translate to other companies?
๐ The Big AI Question: Are You Ready to Pay for It? Consumers who are tempted to upgrade will find higher prices for new AI-powered gadgetsโand new subscription fees to access their full capabilities.
๐ Reality TVโs New Spin on Romance: Commitment Over Drama. As viewers flock to romance TV, the latest shows highlight love and proposals instead of rivalries and steamy trysts.
๐ What Does $48 Billion Get Tesla Investors? A Return of the Old Elon Musk. The CEO filled shareholdersโ heads with visions of robots and driverless cars, but they come with a cost beyond his pay package.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
[Infographic: What is Paper Trading?]
As a new trader, does it make sense to start off with paper trading and what is the correct way to do it?
Read full post ๐๐ป https://synapsetrading.com/?p=37281
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As a new trader, does it make sense to start off with paper trading and what is the correct way to do it?
Read full post ๐๐ป https://synapsetrading.com/?p=37281
Share ๐ป https://www.tg-me.com/synapsetrading
๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 17 June 2024
๐ Investors Fear Long Stretch of Calm in Markets Canโt Last. With stock indexes at record highs, market volatility has been exceptionally low.
๐ โPoo in the Waterโ: How Financial Engineering Sullied Britainโs Most Famous River. The U.K.โs largest water utility has been accused of loading up on debt to pay investors dividends while failing to upgrade Londonโs Victorian-era sewers.
๐ The Big Loser in Teslaโs Shareholder Vote Is Delaware. Teslaโs move to reincorporate in Texas is about much more than saving on state fees: Itโs Elon Muskโs attempt to loosen Delawareโs grip on American corporations.
๐ How the US Mopped Up a Third of Global Capital Flows Since Covid. The trend marks a major shift from the pre-pandemic days when capital poured into emerging markets, including a rapidly growing China.
๐ Bill Gates said heโs prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
Date: 17 June 2024
๐ Investors Fear Long Stretch of Calm in Markets Canโt Last. With stock indexes at record highs, market volatility has been exceptionally low.
๐ โPoo in the Waterโ: How Financial Engineering Sullied Britainโs Most Famous River. The U.K.โs largest water utility has been accused of loading up on debt to pay investors dividends while failing to upgrade Londonโs Victorian-era sewers.
๐ The Big Loser in Teslaโs Shareholder Vote Is Delaware. Teslaโs move to reincorporate in Texas is about much more than saving on state fees: Itโs Elon Muskโs attempt to loosen Delawareโs grip on American corporations.
๐ How the US Mopped Up a Third of Global Capital Flows Since Covid. The trend marks a major shift from the pre-pandemic days when capital poured into emerging markets, including a rapidly growing China.
๐ Bill Gates said heโs prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
๐1
Do you feel like prices are responding to your actions? The truth is that the market does not even know you exist, and prices continue to move regardless of what you do.
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๐ DAILY NEWS HIGHLIGHTS! ๐
Date: 18 June 2024
๐ Apple stops offering buy now, pay later loans in U.S. โStarting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay,โ an Apple spokesperson told CNBC.
๐ China May retail sales beat expectations, but industrial output and fixed asset investment missed. Industrial output grew by 5.6% year-on-year, missing the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll.
๐ Customer Experience Gets Worse. Again. The average customer experience rating of U.S. companies hits a new low amid inflation and fallible customer-service chatbots.
๐ Tesla Sues EV-Battery Supplier Over Alleged Disclosure of Trade Secrets. According to the lawsuit, Matthews International allegedly improperly filed patent applications incorporating Teslaโs trade secrets without the electric-car makerโs consent.
๐ OpenAI Expands Healthcare Push With Color Healthโs Cancer Copilot. Color Health has developed an AI assistant using OpenAIโs GPT-4 model to help doctors screen and treat cancer patients.
Sources: CNBC, Bloomberg, WSJ
Share ๐ป https://www.tg-me.com/synapsetrading
Date: 18 June 2024
๐ Apple stops offering buy now, pay later loans in U.S. โStarting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay,โ an Apple spokesperson told CNBC.
๐ China May retail sales beat expectations, but industrial output and fixed asset investment missed. Industrial output grew by 5.6% year-on-year, missing the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll.
๐ Customer Experience Gets Worse. Again. The average customer experience rating of U.S. companies hits a new low amid inflation and fallible customer-service chatbots.
๐ Tesla Sues EV-Battery Supplier Over Alleged Disclosure of Trade Secrets. According to the lawsuit, Matthews International allegedly improperly filed patent applications incorporating Teslaโs trade secrets without the electric-car makerโs consent.
๐ OpenAI Expands Healthcare Push With Color Healthโs Cancer Copilot. Color Health has developed an AI assistant using OpenAIโs GPT-4 model to help doctors screen and treat cancer patients.
Sources: CNBC, Bloomberg, WSJ
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โค1
[Blog Post: Expanding Triangle Pattern Trading Strategy Guide]
Have you faced a market where there are large price swings and high volatility? How do you profit from such markets?
The expanding triangle pattern is one such example, and there are 3 main trading strategies to trade this pattern.
Read more ๐๐ป https://synapsetrading.com/?p=37574
Share ๐ป https://www.tg-me.com/synapsetrading
Have you faced a market where there are large price swings and high volatility? How do you profit from such markets?
The expanding triangle pattern is one such example, and there are 3 main trading strategies to trade this pattern.
Read more ๐๐ป https://synapsetrading.com/?p=37574
Share ๐ป https://www.tg-me.com/synapsetrading