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Recession Trade Keeps Risk Assets Under Pressure

Fears over a recession continues to drive financial markets, with commodities feeling the heat

What’s driving the global markets right now?

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.

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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!

June 29, 2022 03:59 PM

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.

June 23, 2022 05:44 AM

Commodities breaking lower as demand concerns intensify

Weakness in China, stagflation across the world and rising prices hurt demand

Technical Tuesday: DJIA, USD/CHF and Copper

Technical analysis on some of the most interesting markets right now

April 26, 2022 11:46 AM

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.

March 7, 2022 02:02 AM

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.

February 15, 2022 02:19 AM

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.

Copper Carves Out a Bullish Reversal at $4.27

Traders remain net-long copper futures, although we now need a fresh batch of bulls to enter, for it to continue its rally from $4.27.

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.