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Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets
Commitment of traders report (COT): Copper investors run to the exit
If copper truly is a barometer of economic health, then it is worth noting that large speculators were their most bearish on copper futures since March 2020 last week.
Fears of global slowdown continue to weigh on Copper and AUD/USD
With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!
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Dr Copper chimes in on the recession debate
The Federal Reserve (Fed) is the central bank of the United States and operates under a dual mandate to effectively promote the goals of maximum employment while maintaining price stability.
Commodities breaking lower as demand concerns intensify
Weakness in China, stagflation across the world and rising prices hurt demand
Commitment of traders report (COT): Euro bears trim exposure
Traders increased net-long exposure to euro futures by over 18k contracts last week, and we suspect EUR/USD’s two-week rally has further to run.
Weekly COT report: Traders flip to net-short exposure on the euro
Traders flipped to net-short exposure to euro futures for the first time since early January last week.
Technical Tuesday: DJIA, USD/CHF and Copper
Technical analysis on some of the most interesting markets right now
Copper selling intensifies on China
More than 2 years into the pandemic and Covid is still roiling financial markets.
China’s service PMI gets served, base metals lower
Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic.
Gold breaks $2000 - Meanwhile Copper makes its move
It’s been a violent start to the week as the Russian/Ukraine conflict intensifies and news that the Biden administration and its allies are discussing an embargo of Russian oil. This article discusses what the spillover from the weekend’s events means for gold and copper.
Weekly COT report: Managed funds most bullish on gold in 3-months
Bullish exposure continues to fall for the US dollar despite the Fed on the cusp of beginning their rate-hike cycle.
A tale of two metals, Gold and Copper Part II
In 2021 the key driver of gold was movements in real yields and the U.S. dollar. However, in late November, evidence emerged that this was no longer the case.
Earnings Previews: Where next for the Glencore and BHP share prices?
Mining stocks are riding high as commodity prices climb higher. We explain what to expect from upcoming earnings out from Glencore and BHP.
Asian Open: Copper breaks out in style following US CPI
To be fair, plenty of markets broke out during the predominantly weak USD environment, but copper’s large daily volume and clear break of resistance really caught our eye.
Asian Open: Copper Turns Higher at Key Support Zone
Having fallen over 11% from October’s high, momentum for copper has finally turned higher from a key area of resistance to suggest a swing low has been seen.
Asian Open: Traders Increase Net-Long USD Exposure to Post-Pandemic High
Traders are now net-long the USD by US $13.4 billion according to data compiled by IMM, which its most bullish level since March 2020.
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Asian Open: The Dollar Dominates as Retail Sales Fly Off the Shelf
An unexpected rise in retail sales saw equities wobble and the US dollar broadly rise, weighing on metals in particular. Today we wait for a potential secondary reaction on silver.
Asian Open: Worst session for the ASX 200 in 4-Months
Falling nearly 2%, it wasn’t a great day to be long the ASX 200. The question now is whether it was a mere blip in its uptrend or the turning of the tide.
Asian Open: Dollar Rallies from 200-day eMA, Metals Feel the Heat
With trading volumes replenished as US traders returned to their desks, they were quick to bid the dollar as growth concerns lingered and weighed on risk appetite.
Asian Open: ADP Employment Misses the Mark, ISM Data mixed
High expectations for a rebound on the ADP employment report failed to live up to the hype, weighing on the dollar and equity markets (ever so slightly).
Asian Open: New Highs for Wall Street, Gold to Hold Above 1800?
Gold prices saw a firm close above a cluster of resistance levels on Friday. And after a pullback overnight we’re waiting to see if it can extend last week’s rally.
Asian Open: Traders Were Their Most Bullish on USD In 17-Months
Leading into the Jackson Hole Symposium, traders were net-long against the dollar at levels not seen since March 2020.