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Article / 4 hours agoHedge funds cut bullish commodities bet by 138,177 lots in the week to December 5. Hardest hit were metals with gold, silver and copper all seeing major reductions. Oil saw light profit taking after Opec+ meeting while natural gas got slammed as the US winter continued to delay its arrival. Grains were bought while softs were mixed.Read the article
Article / 5 hours ago
Morning Markets: Bitcoin futures steal the showAsian market sentiment was optimistic today after Wall Street headed higher in the wake of upbeat nonfarm jobs data. Such gains, however, struggle to attract attention at a time when the launch of Bitcoin futures trading saw prices spike 25%, triggering two circuit-breaker halts, while massive volumes sparked delays.Read the article
Article / 11 hours ago
Morning Report APAC: Asia unfazed by impending hikeBitcoin may have gone live and the US may be looking for a rate hike in a few days, but its seems it has all been priced in in Asia. Markets this morning were mixed, if not subduedRead the article
Article / Yesterday at 23:35 GMT
Today's Trade: S&P/ASX200 heads higher, thanks to Wall St, commoditiesThe S&P/ASX200 edged higher in early trading, thanks to modest gains on Wall St, and firmer commodity prices. The energy sector and miners look set to benefit from higher crude, copper and iron ore prices.Read the article
Squawk / Friday at 21:47 GMTUS financial markets crawled into the close on Friday, with stocks, bond yields and USD all up modestly.
The 2 year v 10 year bond spread, a measure of yield curve shape, is back up to 59 bp from 50 bp earlier in the week. That’s helping USD,
USD may get another boost after the Fed’s meeting winds up on Wednesday https://www.tradingfloor.com/posts/fed-could-play-a-wild-card-and-spark-usd-rally-next-week-9090824
The Bitcoin bonanza continues although the price had slipped back to $15000 by mid-afternoon.
It may be speculative but at least there’s no negative carry – as there is in 16 global bond markets (see chart).
Who owns all those Bitcoins? It seems the Winklevoss twins of The Social Network move fame have a haul worth about $1.7 billion.
And by the look of it, someone else is in the money (see photo)
Article / Friday at 15:22 GMT
Bank of Canada's governor baits the mouse trapA slew of major central bank policy meetings will dominate FX trading beginning on Wednesday of next week, although the bar is set very low for fresh, market-moving insight from them.Read the article
Article / Friday at 14:34 GMT
WCU: Commodities in broad-based retreat into year endThe Bloomberg Commodity Index slumped by the most since March this week as selling hit all sectors, not least the bellwether sectors of energy and industrial metals. The agriculture sub-index fared even worse as it dropped to levels last seen during the Great Financial Crisis nine years ago.Read the article
Article / Friday at 12:25 GMT
Mid-session Europe: Sterling reverses course after Brexit dealThe UK and the EU have dealt with the Brexit issues posed by Northern Ireland, but the consequent sterling rally was weak despite assurances that negotiations could move forward and onto trade.Read the article
Article / Friday at 8:00 GMT
Morning Markets: Bitcoin up, down, and all aroundThursday's Bitcoin trade exposed the fundamental difference in volatility between Bitcoin and more conventional assets while stocks edged higher on the back of a US rally. Meanwhile all eyes are on today's US nonfarm payrolls figure, which could influence Fed thinking and impact forex, bonds and commodities.Read the article
Article / Friday at 0:52 GMT
Today's Trade: ASX jumps above 6000The rise in oil prices overnight has given energy-related shares a nice start for the day on the ASX, but the banks, too are enjoying a lift, bringing the ASX total above 6000Read the article