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  • Article / Yesterday at 8:44 GMT

    COT: Oil longs, grain shorts and pace of gold buying hits record

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs, grain shorts and pace of gold buying hits record
    Hedge funds increased bullish bets across 25 major commodities futures by 13% to 1.7 million lots in the week to January 9. Once again the buying was concentrated in crude oil and gold. Short-covering in sugar and coffee supported a net purchase of soft commodities while bearish bets on key crops reached a new record.
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  • 1d
    Alan M Alan M
    Thanks Kay, glad your back!
  • Squawk / Friday at 21:33 GMT
    Managing Director / Technical Research Limited
    New Zealand
    The US stock market rallied to a new high ahead of the long weekend (see chart below)

    This last piece of bullish sentiment seems confined to the US; few other markets joined in this week.

    The US dollar index broke thru key chart support (see chart) as the dollar weakened across the board.

    The bond market was initially impressed with the CPI inflation update but soon gave up gains.

    The core rate rose a touch to 1.8% rounded (actually 1.78%, up from 1.71% previously – so nothing to get excited about)

    Core inflation has been stuck in to 1.7-1.8 percent range for 8 months (see chart)
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    3d
    brandon lee brandon lee
    Hi max, at the same time we saw big moves in the eurusd.
    3d
    Max McKegg Max McKegg
    Absolutely! If you would like to receive my Full FX Trading Report on Monday then you're welcome to contact me. My details under my TradingFloor Bio....
    3d
    Morris Morris
    Looking at level 90 then 80. These are long term! If these hold it may be time to change our bearish view but depending on Max EW...
  • Article / Friday at 16:10 GMT

    Stable genius downgrades Nafta risks for loonie

    FX Trade Strategist / www.Loonieviews.net
    Canada
    Stable genius downgrades Nafta risks for loonie
    The Canadian dollar is the biggest (and only) loser since the January 5 close in New York, with the Japanese yen leading the rest of the currencies higher. Nafta concerns have underpinned USDCAD, while a potential shift in future ECB guidance and a tweak in BoJ bond purchases has undermined the US dollar.
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    3d
    Market Predator Market Predator
    Hello Michael. I'd like to ask you if housing prices (debt) is no more problem for BoC. What do you think please?
    3d
    Michael O'Neill Michael O'Neill
    Hi Market Predator. Nothing has changed (yet) to suggest that the BoC's concern with elevated household debt has changed. New mortgage rules went into effect at...
  • Article / Friday at 14:47 GMT

    WCU: Energy leads commodities in bullish start to 2018 —#SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Energy leads commodities in bullish start to 2018 —#SaxoStrats
    Demand for energy has got commodities off to a bullish start in the first full trading week of 2018. A weaker dollar and increased focus on inflation together with geopolitical risks were some of the main drivers of a strong beginning to the year for crude oil and gold. Correction risks lurk, however, with oil potentially at risk
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    3d
    edo edo
    There seem to lack a couple of lines on the Nat Gas storage charts
  • 3d
    Morris Morris
    Hi ! Mate . Look at your weekly chart! $63 is key neckline of a massive inverse sHs? It is now short term resistance at if it...
    3d
    Morris Morris
    There are also lots of inv sHs patterns on the weekly. Note one at $50 that was broken! There is strong momentum as per your note on...