The Gold Analysts' Sentiment Index | Alchemist (2024)

FAQs

The Gold Analysts' Sentiment Index | Alchemist? ›

The Gold Analysts Sentiment Index (GASI) is essentially an average derived from figures contributed by 17 gold analysts from a number of the world's leading bullion banks and investment houses as an indication of their price expectations for gold for the week ahead.

Sentiment indicators show the percentage, or raw data, of how many trades or traders have taken a particular position in a currency pair. For example, assume there are 100 traders trading a currency pair; if 60 of them are long and 40 are short, then 60% of traders are long on the currency pair.

The Sentiment Index gauges effective speculative interest in currency pairs and currencies, and therefore can be used as a contrarian indicator.

The Daily News Sentiment Index is a high frequency measure of economic sentiment based on lexical analysis of economics-related news articles. The index is described in Buckman, Shapiro, Sudhof, and Wilson (2020) and based on the methodology developed in Shapiro, Sudhof, and Wilson (2020).

The Hanke - Cofnas Gold Sentiment Dial

Positive dial scores represent a bullish momentum, and negative scores represent a bearish momentum at that hour. However, when scores become extended into extreme ranges below -10 and above +10, they indicate a coming reversal in gold prices.

Consumer Confidence in the United States decreased to 67.40 points in May from 77.20 points in April of 2024. Consumer Confidence in the United States averaged 85.39 points from 1952 until 2024, reaching an all time high of 111.40 points in January of 2000 and a record low of 50.00 points in June of 2022.

There are several sentiment indicators used in forex trading, such as the Commitment of Traders (COT) report, the Fear and Greed Index, and the VIX volatility index. However, the most widely used and considered to be the most accurate sentiment indicator is the Speculative Sentiment Index (SSI).

One of the most frequently used indicators of market sentiment is the CBOE Volatility Index or VIX. The VIX is a forward-looking indicator that measures volatility in the S&P 500 index for the next 30 days.

Market sentiment is demonstrated through price movements of the security in question. If prices are on the rise, then this is indicative of a bullish market. Whereas prices on the decline point toward bearish sentiment. Sentiment will differ depending on the market, and in some cases often correlate with one another.

How to read daily sentiment index? ›

Its readings are based on raw data as well as 3, 5, 9, and 18-day moving averages. A reading of 1 is extremely low, while 100 is extremely high. 50 is the dividing line: Sentiments above 50 are considered to be bullish, while anything under 50 is bearish.

Specifically, the sentiment score uses the Adjusted Insight Score, which is a measure of a company's long-term ESG track record. Volume is determined by the number of ESG-relevant articles in the past year, relative to expectations.

VADER stands for Valence Aware Dictionary and sEntiment Reasoner. It's a tool used for sentiment analysis, which is basically a way to figure out if a piece of text is expressing positive, negative, or neutral emotions [sentiment analysis ON Analytics Vidhya analyticsvidhya.com].

The S-Score answers the question, “Is the conversation on Twitter about a particular stock significantly more positive or negative than normal?” Higher levels of sentiment indicate a stronger reaction. High positive sentiment indicates a security is statistically likely to move higher.

The MarketGrader Sentiment Score is a real-time indicator that is calculated daily and is designed to complement our GARP (growth-at-a-reasonable-price) analysis, whose objective is to help investors efficiently navigate the short-term price fluctuations in stock prices.

FEAR & GREED INDEX FAQs

The Fear & Greed Index is a way to gauge stock market movements and whether stocks are fairly priced. The theory is based on the logic that excessive fear tends to drive down share prices, and too much greed tends to have the opposite effect.

The US Dollar Index – known as USDX, DXY, DX and USD Index – is a measure of the value of the United States Dollar (USD) against a weighted basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and fall if it weakens.

Sentiment indices based on investor sentiment surveys attempt to measure the stock market sentiment. The literature on these indices focusses mainly on whether investor sentiment influences the financial markets or not.

Sentiment analysis is a crucial aspect of forex trading, and the SSI is considered to be the most accurate sentiment indicator. By understanding market sentiment, traders can better manage risks, predict market movements, and make profitable trading decisions.