News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • 'Thank you chair Powell, now back to the real business - alts are up and running again'....#cardano #solana #ethereum @DailyFXTeam https://t.co/cLA7Cy54KZ
  • Fed's Powell: - Fed is evaluating whether or not to launch a central bank digital currency - Fed has not made a decision on a CBDC yet
  • #Powell: Fed's tapering will be gradual $SPX $USD $XAUUSD
  • Fed's Powell: - Rate liftoff is unlikely to occur before the end of the taper -Tapering will be gradual, and the Fed can accelerate or decelerate the taper if required
  • Fed's Powell: - I want to finish the taper before considering balance sheet reductions - The time has not yet come to discuss the Fed's balance sheet
  • Fed's Powell: - Evergrande situation appears to be unique to China - The number of US corporate defaults is very low
  • Missed today's FOMC? Get your live coverage from @CVecchioFX and read up your market update from @JStanleyFX here:https://t.co/5QfvWdLjSY https://t.co/VqUGhH3wWr
  • $USD set a fresh Sept. high during the presser 93.73 is the 2021 high, next res level on my chart $DXY https://t.co/ZJ2P2eOULf https://t.co/94x826g0qy
  • Fed's Powell: - It is critical that the debt ceiling be lifted in a timely manner - No one should assume the Fed can fully protect the markets or the economy in the event of a default
  • At least they are willing to acknowledge that there is diminishing benefit to additional stimulus. Not outright admission of the detriments that can arise though (like a bubble born of moral hazard) which does us a disservice https://t.co/a37kaefyZY
COT Report: Crude Oil, Gold, Silver, Copper Outlook

COT Report: Crude Oil, Gold, Silver, Copper Outlook

Justin McQueen, Strategist

COT Report: Analysis and Talking Points

  • Investors Pull Back from Overcrowded Bullish Oil Positionings
  • Gold net longs surge as Investors Demand Safe Havens
  • Copper Net Shorts Gains as Trade War Tension Weigh on Sentiment

The Predictive Power of the CoT Report

Oil: As the economic outlook continues to deteriorate, speculators have begun to shed their bullish positioning for the first time since early March. This could also be attributed to a slight pullback in the somewhat overcrowded bullish positioning in Brent with the ratio of long/short positions at 15.5:1 (highest since September 28th, 2018).

Gold / Silver: Hedge funds rushed to safe havens with gold net longs rising by over 46k lots to circa 66k lots (highest since March 29th). However, as Silver prices trade at 6-month lows, investors have continued to add to net shorts, which increased a marginal 53 lots to 14.9k lots.

Copper: Rising trade war tensions have caused investors to maintain its bearish positioning on the base metal as net shorts increase by over 8.5k lots as gross longs are liquidated, while gross shorts had also been added. Total net shorts (-35k lots) is now the highest since February 1st.

COT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper OutlookCOT Report: Crude Oil, Gold, Silver, Copper Outlook

FX COT REPORT

Japanese Yen and Euro Shorts Collapse, USD Longs Reduced

KEY TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES