Aug 15 2019 @ 09:19
With Gold prices stretched and Bitcoin Around Key support, convergence could be approaching. In previous analysis we’ve highlighted a positive (although imperfect) correlation between Bitcoin and USD/CNY. And in recent times we’ve seen Bitcoin and gold rise in tandem during bouts of risk off, although we can see the relationship has broken down these past […]
Jul 22 2019 @ 04:35
Weekly COT Report: USD Long Exposure Drops To A 3-Month Low As of Tuesday 16th of July: Net-long exposure for USD hit a 13-month low at $11.66 billion ($16.4 billion against G10) Traders are their most bullish on CAD futures since March 2018 Sterling traders extend net-short exposure to a 10-month high FX majors weekly […]
Jul 15 2019 @ 04:39
Weekly COT Report: Traders Remain Wary Of King Dollar As of Tuesday 15th July 2019: Traders were net-long USD $12.38 billion ($16.95 against G10 currencies), up by $0.1 billion to snap a five-week streak of long reduction Large speculators have been net-long CAD for two consecutive weeks, and at their most bullish level since March […]
Jun 20 2019 @ 04:20
Following today’s FOMC meeting gold prices exploded and stopped just shy of $1400, as the world digested the increasing ‘easiness’ of central banks policies. The Fed had confirmed their dovish stance nearer the end of the US session, with nearly half of the voting FOMC members expect two cuts this year. Shortly after, RBA’s Philip […]
Jun 16 2019 @ 06:54
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Jun 10 2019 @ 04:11
Weekly COT Report: As of Tuesday 4th June: Large speculators were net-long USD by $30.9 billion, -$0.36 billion from the prior week ($34.7 billion against G10 currencies JPY net-short exposure fell to a 3-month low Traders are their most bearish on GBP since mid-January GBP and JPY saw the largest volume change of -15.8k and […]
Jun 06 2019 @ 04:22
Whilst gold is up just a modest 3.9% this year, it’s rallied 14.8% since the 2018 low and the trend structure remains bullish. Furthermore, by yesterday’s close the shiny yellow metal had racked up its most bullish 4-day run since June 2016 to underscore its recent pickup of bullish momentum. The main culprit for gold’s […]
Jun 03 2019 @ 04:18
The weekly COT report: As of Tuesday 28th May: Large speculators increased net-long exposure to USD by just $0.48 billion to $31.3 billion ($35.7 billion against G10 currencies) Traders were net-short NZD futures at their most bearish level since December 2018 Net-short exposure on GBP was its most bearish since March, although we’ve seen a […]
May 31 2019 @ 04:22
We outlined a case as to why we thought gold’s corrective low is in and, despite a deeper than anticipated pullback, a longer-term bullish case above $1266.0 remains in-tact. We remain cautiously bullish above $1266 Gold has declined nearly 6% from the 2019 high to the 2019 low. Yet as this follows on from a […]
Apr 10 2019 @ 05:08
There’s a decent zone of support for gold around $1275-$1280 which has fended off any further downside. Although, with the zone consisting of structural lows from January and March, a 38.2% Fibonacci ratio and the 200-day eMA, it was never going to be an easy nut to crack initially. Bullish momentum has picked up from […]