Hedge funds increased bullish commodity bets by 4% to 2.1 million lots during the week ending April 17. Broad-based buying of energy and metals not least WTI crude oil natural gas and silver more than offset slight selling in grains and livestock. [Read More...]
Comatose Crypto
FEEDI rarely write about cryptocurrencies. Why? Well, because I’ve always thought they were pretty dumb. They have not been accepted as any kind of medium of exchange, except by the most extreme fringes of society. Their benefits are dwarfed by their inconvenience. They were a fad. And their charts have gone from exhilarating to dead-on-arrival. Read More 0 Comments The post Comatose Crypto appeared first on Slope of Hope. [Read More...]
Gold Sector Correction is Maturing
FEEDThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com‘s data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks bottomed in May as we caught what Read More 0 Comments The post Gold Sector Correction is Maturing appeared first on Slope of Hope. [Read More...]
Squawk: AUD/USD Soars To 2-Month High on Upbeat China Trade Balance…
AUD/USD Soars To 2-Month High on Upbeat China Trade Balance The AUD/USD currency pair soared on Friday afternoon to hit new 2-month highs of 0.7185 as traders continued to express optimism with all… [Read More...]
Squawk: Thursday May 9 #FX technical sentiment: #FLAT #MOFuturesFX
Thursday May 9 #FX technical sentiment: #FLAT #MOFuturesFX [Read More...]
Squawk: Elliott wave Analysis: Silver and USDCHF Update by Gregor Horvat…
Elliott wave Analysis: Silver and USDCHF Update by Gregor Horvat Today’s article is about silver and the USDCHF pair. Both are trading in a correction which means both can see more weakness as we… [Read More...]
Squawk: EURGBP looking to press past 0.9100 by Stephen Pope EUR/GBP…
EURGBP looking to press past 0.9100 by Stephen Pope EUR/GBP is up for the third consecutive day The pair is resuming its main bull trend Market is trading above its key moving averages The target to… [Read More...]
Squawk: Dollar next move anticipated: Dollar currently trading at 96.95 trying…
Dollar next move anticipated: Dollar currently trading at 96.95 trying to break 97 level but as we observed the upside is limited till 97.05-10 for the day where under pattern formation currently… [Read More...]
Squawk: Jackson Hole speech by Fed’s Powell. The initial focus seems…
Jackson Hole speech by Fed’s Powell. The initial focus seems to be on Powell’s comment that there no signs of inflation pickup accelerating now that it has risen above 2% and there are no signs of… [Read More...]
COT: Commodities bets at one-year high on agricultural surge
Funds increased bullish commodity bets by 9% to 2.2 million lots in the week to March 6 with buying once again concentrated in agriculture commodities where both softs and grains were bought. [Read More...]