Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Commodities

Traders add back to their XAU/USD positions – TDS

Source Fxstreet

Top traders on the Shanghai Futures Exchange (SHFE) have added back to their net Gold (XAU/USD) and Silver (XAG/USD) positions, Senior Commodity Strategist at TDS Ryan McKay notes.

Asian demand remains strong

“Asian demand is set to remain strong, while nascent sings are appearing that macro interest may be starting to pick up as ETF positions are on course to post their first monthly increase since May 2023.”

“The PCE data came in roughly in line with expectations, and the y/y pace for core PCE represents the lowest level of the cycle. Overall, inflation data continues to gradually normalize back to the trend the Federal Reserve (Fed) would like to see, but it is still not enough evidence for officials to pound the table on policy easing.”

“In this sense, precious metals investors are likely to remain on the sidelines for the time being, with this week's job data serving as the next piece of Fed the puzzle.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ethereum (ETH) Price Closes Above $3,900 — Is a New All-Time High Possible Before 2024 Ends?Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Author Beincrypto

Dec 17, 2024

Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.

Gold nears $4,700 record as US–EU trade war fears ignite haven rush Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.

Author FXStreet

Jan 20, Tue

Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend.

Bitcoin options open interest hits $74.1B, topping futures volume for the first time: Checkonchain Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.

Author Mitrade

Jan 20, Tue

Bitcoin options open interest hit $74.1B vs. $65.2B futures as BTC trades at $93,189; Checkonchain flags IBIT/Deribit concentration and a 15% hashrate drop.

Ethereum slides below $3,000 as sellers defend $3,020 and $2,880 becomes the key line Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.

Author Mitrade

Yesterday 03: 27

Ethereum fell below $3,000 after failing at $3,200, with resistance at $3,020 and key support at $2,880; a break lower could target $2,800 and $2,750, while a rebound needs $3,120–$3,150.

When is the US President Trump’s speech at WEF in Davos and how could it affect EUR/USD United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".

Author FXStreet

Yesterday 10: 40

United States (US) President Donald Trump is scheduled to deliver his speech at the World Economic Forum (WEF) in Davos after 13:00 GMT. Trump’s trip to Davos was delayed after Air Force One was forced to turn around due to a "minor electrical issue".

Related Instrument