Last week, large speculators increased their short gold position for a fourth week in a row, and so far that is looking like an untimely maneuver.
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Monday, 15 October 2018
Gold Price Analysis: Bulls in Control with Record Shorts at Risk
Last week’s equity market rout had finally reignited the safe haven demand into the precious metal, whereby gold prices saw its largest daily gain (October 11th) since the Brexit referendum.
GBP Analysis: Brexit Negotiations Gridlocked, Key Issues Remain
Sterling slips lower in early trade after weekend Brexit talks continue to highlight the differences between the two sides.
USDJPY Breaks Key Trendline as Risk Sentiment Remains Fragile
Following the largest weekly gain since February, the Japanese Yen looks ripe for further strength amid the fragile risk sentiment, while speculators are caught on the wrong side.
Brexit Analysis: How GBP & Stocks Might React to Alternative Outcomes
As Brexit negotiations between the EU and the UK continue, here's how Sterling, the FTSE 100 index of London stocks and other assets might respond to the various deal or no-deal scenarios.
Crude Oil Price Chart Hints at Topping, Risk-Off Flows May Help
Crude oil price charts hint a top may be taking shape. Another risk-off day on global financial markets may help realize the bearish setup.
Sunday, 14 October 2018
Franc and Yen Aim Higher as European Politics Sour Market Mood
The anti-risk Swiss Franc and Japanese Yen may continue to rise as worrying Brexit news and political deadlock in Sweden soured the markets’ mood.
Krona Likely to Suffer as Sweden Fails to Create New Government
The Krona is likely to suffer as political gridlock continues after Moderate Party leader Ulf Kristersson failed in the first post-election attempt to form a government.
Can Weak China GDP Reignite Emerging Market Selloff as PHP Falls?
Will weakness in Chinese economic growth reignite the selloff in emerging markets as the US Dollar gains, hurting ASEAN FX such as the Philippine Peso and Singapore Dollar?
EUR/USD Technical Analysis: Bias Bearish Amid Conflicting Cues
Euro technical positioning is offering mixed signals but the overall bias seems to favor further weakness against the US Dollar.
GBP/USD Gaps Lower on Brexit Stall, Eyes CPI and Carney Speech
The British Pound’s bullish reversal was stymied by Brexit talks’ stumble this weekend. Inflation data and BOE forward guidance may offer help later this week.
Brexit, Italy Bets Sink GBP/USD, Reversal Due? Asia Stocks to Rise
The US Dollar started benefiting as a reserve currency as Brexit and Italy bets undermined the Euro and British Pound. GBP/USD may reverse lower as Asia stocks could rally.
Saturday, 13 October 2018
Japanese Yen Weekly Technical Outlook: On the Cusp of Gains
The smack down of global risk appetite has reinvigorated the Japanese Yen, which is now on the cusp of making significant technical strides versus several currencies.
Friday, 12 October 2018
S&P 500, Dow Face Critical Support as a Cavalcade of Key Events Rumbles On
The markets absorbed another shock of volatility this past week, but the critical technical milestones in holdout risk benchmarks (S&P 500 and Dow) held back the bearish tide. Will trade wars, yields, Euro-area crisis or other spark override these restraints?
Yuan May Extend Loss on China’s Q3 GDP, Eyes on PBOC for Reference
China’s weak economic growth could add more bearish momentum to the Yuan; at the same time, Chinese regulators may try to avoid extreme volatility.
ETF Flows Highlight Pressured Sectors During the S&P 500, Dow Rout
This week’s drastic decline in US equities dominated headlines, but ETF flows reflect the underlying sentiment of investors.
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