Tuesday, 28 May 2019

COT Report: Gold Net Longs Slashed, Copper Shorts Peaking, Oil Bulls Scale Back

Hedge funds continued to cut back on its stretched bullish positioning, while gold net longs were slashed. Copper shorts approaching 2018 and 2019 peaks.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...