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COT: Gold and Crude longs maintained amid strong underlying support
In the forex market, broad dollar strength continued ahead of the Easter break, most notably against CHF (-1.9%), GBP (-1.2%), and NZD (-0.8%). Overall, it drove a second week of aggressive dollar buying, lifting the gross long versus eight IMM currency futures to an October 2022 high at USD 13.8 billion. The EUR net long slumped by 35% to a September 2022 low at 31k contracts, the CHF net short reached a December 2019 high at -22k, while the JPY short expanded to -129k, not far from the 2017 record high at -136k. Except the greenback, the only other currency enjoying demand was the MXN which, due to its high level ... (full story)
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From @financialjuice|Apr 2, 2024post:
PBOC SETS YUAN MID-POINT AT 7.0949 PER DOLLAR VERSUS LAST CLOSE OF 7.2320PBOC sets USD/ CNY mid-point today at 7.0949 (vs. estimate at 7.2282) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2320. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% • 250bn yuan of RRs mature today. • Thus net 248n yuan drain on the day in OMOs.
From cmegroup.com|Apr 2, 2024CME Group, the world's leading derivatives marketplace, today reported its March and Q1 2024 market statistics, showing average daily volume (ADV) reached 24.3 million contracts ...
From @BNONews|Apr 2, 2024post: BREAKING: Powerful earthquake hits northeast Taiwan, felt in Taipei - JMA post:
*TSUNAMI WARNING ISSUED FROM JAPAN QUAKE: NHK post: 
? *JAPAN EARTHQUAKE MAGNITUDE 7.5, JMA SAYS https://t.co/OR3HYId4V0
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From pmi.spglobal.com|Apr 2, 2024March PMI data revealed that China's service economy further expanded at the end of the first quarter of 2024. Moreover, the pace of business activity growth accelerated in March ...
From youtube.com/elliott_wave|Apr 2, 2024Commodity Market Elliott Wave Analysis for Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Uranium, Crude Oil, Natural Gas. Commodity Market Elliott Wave Analysis ...
From cboe.com|Apr 2, 2024Implied volatilities fell across asset classes last week in a week in a holiday-shortened week, with the notable exception of gold. GLD 1M implied vol jumped over 2 pts to 13.4% ...
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- Posted: Apr 2, 2024 9:32pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,523
