Articles
United States CFTC Gold NC Net Positions rose from previous $128.8K to $136.9K
281053 December 31, 2022 05:09 FXStreet Market News
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United States CFTC Oil NC Net Positions up to 247.6K from previous 238.2K
281052 December 31, 2022 05:05 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
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Japan CFTC JPY NC Net Positions up to ¥-37.7K from previous ¥-40.9K
281051 December 31, 2022 05:05 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
European Monetary Union CFTC EUR NC Net Positions up to €146.2K from previous €142.3K
281050 December 31, 2022 05:02 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States CFTC S&P 500 NC Net Positions: $-174.3K vs previous $-159.8K
281049 December 31, 2022 05:02 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Mexico Fiscal Balance, pesos down to -154.83B in November from previous -59.99B
281048 December 31, 2022 04:56 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia CFTC AUD NC Net Positions fell from previous $-34.1K to $-36.8K
281047 December 31, 2022 04:56 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Oil rallies more than $2 to finish the year with a flurry
281046 December 31, 2022 04:35 Forexlive Latest News Market News
There weren’t many safe havens in 2022 but energy was one of them.
Oil finished today with a flurry, gaining $2.03 to $80.43 for the first annual close above $80 since 2013. It was far from a smooth ride though as oil surged to $130.50 on fears that Russian supplies would be cut off before falling all the way back to $70.08 earlier this month.
Further out the curve, prices have moved up and that’s made energy the best sector in the S&P 500.
The volatility on the yearly chart since 2020 is staggering.
oil yearly
Going into next year, many are betting that slowing growth saps demand but others see China reopening eventually spurring bids for barrels.
On the supply side, Russia is starting to lose some barrels and the SPR sales are now set to reverse. Oil companies have shown discipline so far and are suffering from cost inflation but there’s still money to be made by drilling.
Full Article
This year the US 10-year yield rose by the most since at least 1953
281045 December 31, 2022 04:26 Forexlive Latest News Market News
US 10 year yield yearly
This is the most-important chart in the world.
When you watch TV, it’s all about the annual losses in stock markets but there’s far more money in global bonds and this year wasn’t just a bad year, it was the worst in living memory.
Bonds puked in 2022 to end a 40-year cycle of falling rates that started in the early 1980s.
Where this chart goes in 2023 and beyond is the single biggest driver of global markets. So far the high was 4.33% and you could argue that 4% has been rejected but it will surely be tested again.
Down the curve, the 2-year yield rose 370 basis points this year, which is the largest since regular issuance of 2s in 1973.
I’ve long called bonds the biggest bubble in world history and it’s bursting before our eyes. The surprise to me in 2022 is that the implosion in bonds hasn’t led to any kind of contagion, aside from a short-lived problem in a UK pension product.
But the pain is percolating and whether it’s housing, corporate balance sheets, private equity, banks or something else, a storm is brewing.
Full Article
4 trading themes for 2023: #2 High inflation or brutal recession?
281044 December 31, 2022 03:02 Forexlive Latest News Market News
There are two major risks that markets are grappling with:
- That inflation stays too high or gets stuck at 4%
- That growth falls off a cliff because rates
are too high and the lagged effects of monetary policy
The Fed is in the middle, trying to engineer a soft landing and
sounding far too confident about it. A camel has a better chance of passing
through the eye of a needle than the Fed of nailing a soft landing so it’s much
more a question of on which side they miss.
In terms of how they characterize
risks, they’re much more worried about inflation so I’m not going to fight that
— the better bet is that they eventually overtighten and kill growth. That will put a fresh bid into the US dollar and weigh on on risk assets but the timing of how that unfolds is also uncertain.
In any case, there isn’t a great deal to be made in any kind
of trade predicting lower growth. The bond market is already there, oil and commodities
are down. Stocks are beaten up.
So what’s the trade? It’s one economic data point at a time.
I haven’t seen a market so tuned into macro data since 2008. Every data
point is a market mover right now and that speaks to the uncertainty. I don’t
see that ending so that natural volatility in economic data will add extra
volatility to markets. That’s exactly what we do here at ForexLive and it’s the best kind of a market for macro traders.
A wave of releases starts next week, including December
non-farm payrolls. Your most important tool in 2023 is the economic calendar.
4 trading themes for 2023: #4 Give China a KISS
4 trading themes for 2023: #3 Europe is a weather trade (but the sun can’t shine forever)
Full Article
USD/CAD Price Analysis: Battles at the 20-day EMA drop toward 1.3530s
281042 December 31, 2022 02:26 FXStreet Market News
- USD/CAD struggles at the 20-day EMA and tumbles towards the 1.3530 area.
- USD/CAD Price Analysis: Oscillators offering mixed signals, but price action stalling at crucial EMAs to keep the pair rangebound.
The USD/CAD advance stalled at the 20-day Exponential Moving Average (EMA) at 1.3570 and dropped toward the 50-day EMA as the US Dollar (USD) weakened, while crude oil extended its recovery, a tailwind for the Canadian Dollar (CAD). At the time of writing, the USD/CAD is trading at 1.3530.
USD/CAD Price Analysis: Technical outlook
From a daily chart perspective, the USD/CAD dropped to fresh two-day lows but shy of the weekly low of 1.3484. During the last five trading days, the 20-day Exponential Moving Average (EMA), around 1.3570, capped the USD/CAD recovery towards the 1.3700 figure. And since mid-December, the USD/CAD embarked on successive series of lower highs/lows as the major consolidated ahead of the year’s end.
The Relative Strength Index (RSI), at bearish territory, keeps USD/CAD sellers hopeful for further downside, while the Rate of Change (RoC), suggests selling pressure is waning. Therefore, unless the USD/CAD decisively breaks below 1.3484, that could open the door for further losses. The next support would be the 100-day EMA at 1.3416, ahead of the 1.3400 figure, and the 200-day EMA at 1.3215.
As an alternative scenario, the USD/CAD first resistance would be the 20-day EMA at 1.3570. Once cleared, the next resistance would be 1.3600, followed by the 1.3700 mark.
USD/CAD Key Technical Levels
Full Article
United States Baker Hughes US Oil Rig Count down to 621 from previous 622
281041 December 31, 2022 02:26 FXStreet Market News
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.