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  • Article / 5 hours ago

    Morning Report APAC: Sales tax delay talk gives Tokyo stocks a lift

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: Sales tax delay talk gives Tokyo stocks a lift
    US stocks were in consolidation mode overnight, pausing to digest a strong two-day advance. In Asia, stocks have opened higher in Japan on the prospect of a sales tax delay. Turning to commodities, industrial metals rallied after oil soared above $50/barrel. And there's plenty of action in agricultural commodities, with sugar and South African wheat prices soaring, and corn traders turning bullish.
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  • Article / Monday at 16:12 GMT

    COT: Crude net-long jumped last week as short base collapsed

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Crude net-long jumped last week as short base collapsed
    Hedge funds increased commodity bets by 3% to 1.15 million lots, a two-year high, during the week ending May 17. Net buying was seen across all sectors apart from metals due to a second week of aggressive copper selling. Sugar longs hit a new record while crude oil longs jumped as the short base continued to dwindle on both WTI and Brent
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    3d
    fxtime fxtime
    A 16:1 ratio seems more a tulip mania considering the increasing flotilla of crude stock holding. Whilst we have large outages on the world markets we aren't...
    3d
    Ole Hansen Ole Hansen
    Hi fxtime. That is an increased risk that can not be ignored. The question right now is what will be the trigger? The seasonal inventory draw/increased refinery...
    3d
    fxtime fxtime
    TOTALLY agree.....the safest route is via options. Straddle/Strangle OTM may be the safest but there are plenty of defined risk strategies available. Canada and Iran will likely...
  • Article / 16 May 2016 at 9:15 GMT

    COT: Bullish commodity bets reduced as dollar strengthens

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Hedge funds reduced bullish commodity bets for the first time in five weeks last Tuesday as the dollar strengthened. The biggest reduction was in metals with copper traders returning to a net short after just two weeks. Both gold and oil saw reductions as the short base increased
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  • Article / 12 May 2016 at 2:04 GMT

    Morning Report APAC: Asian equities to join retreat in US stocks

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: Asian equities to join retreat in US stocks
    Crude prices have rallied on an EIA report of a fall in crude inventories. In the US, disappointing earnings results pressured equities. So watch for equities to retreat in Asia, as a result of disappointing earnings in US and Asia. And watch for Asian consumer-discretionary shares to extend selloff, off the back of US retailers.
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  • 09 May
    Ole Hansen Ole Hansen
    Crude oil running out of gas? At least that is what the COT data on Brent crude could be indicating for the week ending May 3. During...
  • Article / 02 May 2016 at 7:29 GMT

    COT: Bullish commodity bets back above 1 million lots

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Bullish commodity bets back above 1 million lots
    Hedge funds kept up brisk buying last week, with the total net long across 12 major commodities rising by one-third to more than one million lots and grain accounting for most of the increase. Copper saw strong demand in a crazy week for China-dependent commodities.
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    06 May
    anthclarke anthclarke
    Fundamentals for $JO looking very good on a medium term basis. Regardless of the current supply concerns in Brazil the stronger demand from Asia should drive prices...
  • Article / 25 April 2016 at 8:00 GMT

    COT: Commodity bets surge on broad-based buying interest

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Another strong week for commodities attracted continued buying from hedge funds. The positioning of 12 major commodities jumped by 43% to 782,000 lots, a far cry from the net-short of 142,000 lots seen just 3-months ago. The net-longs in silver and WTI crude oil hit a new record and an 11 month high respectively.
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    25 April
    Ole Hansen Ole Hansen
    The ICE Europe Exchange has just released its weekly COT data on Brent Crude oil. The net-long increased by 4% to a new record of 418,000...
    25 April
    Nickolya Nickolya
    I noticed, according to statistics, after the maximum should be a sudden correction
  • 21 April
    John Roberti John Roberti
    Are you saying that it is the result of excess long position pushing to level unjustified with minor events being the factor for the reverse movement which...
    21 April
    matsuri matsuri
    stock markets are positively correlated with oil price. The oil rally could not withstand long since there is too excessive number of long positions whose closing (even...
    21 April
    John Roberti John Roberti
    matsuri: rangebound means, if I understand correctly ole, between 40 and 45 thus a reduction of 28.000 barrels per day in a glut of 2 millions should...