Acuity Trading adds Market Alerts Sentiment Indicator

Fintech firm Acuity Trading has added a new analytical tool to its system, under the name of Market Alerts Sentiment Indicator. Drawing on the success of their existing sentiment trading tools, the Market Alerts Sentiment Indicator uses the same sophisticated technology to identify market sentiment towards any given stock from the global news and online […]

liquidity

Fintech firm Acuity Trading has added a new analytical tool to its system, under the name of Market Alerts Sentiment Indicator.

Drawing on the success of their existing sentiment trading tools, the Market Alerts Sentiment Indicator uses the same sophisticated technology to identify market sentiment towards any given stock from the global news and online investment community but goes further by identifying when similar market sentiment levels or ‘patterns’ have occurred in the past. These are instances are analysed to determine what the effect on price was within a particular time frame to provide traders with a clear indication of what could happen again under the same conditions.

Andrew Lane, Acuity’s Managing Director, today made a corporate statement on the launch:

“This product embodies the predictive capabilities highlighted in our recent research conducted by Barcelona University on our sentiment data and is an example of what opportunities lie in big data. The Market Alerts indicator is specifically designed to surface new trade ideas that the rest of the market won’t easily have identified because the trends are too inconspicuous without technological capabilities.”

Brad Alexander, VP of Sales at Acuity Trading added

“Recent results for hourly alerts on EURUSD were correct in 9 out of 11 cases during a 24 hour period with most leading to significant price movement. In a similar time frame, 4 out of 4 alerts on the Dow Jones index were also correct and in the month of September, our results on Crude Oil were correct in 8 out of 9 cases.”

“This level of confidence in an indicator is truly exciting,” continues Alexander. “What we are seeing is the movement of sentiment from an ambiguous idea to something tangible and actionable.”

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<