No metal buying programs in the near future – TDS
Source Fxstreet
CTAs are being whipsawed in Copper and Aluminum following President Trump's dampened tone with respect to tariffs on China, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Trump's tone shrinks the number of Copper and Aluminum CTAs
“The stronger price action overnight is likely to catalyze notable algo buying activity in the red metal, but the set-up for algo flows still doesn't look great with our simulations of future prices suggesting that no scenario for price action over the coming week will attract subsequent buying programs.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Strong third-quarter results from major Wall Street banks have kicked off the 2025 earnings season on a high note, with JPMorgan Chase posting record revenue, and Goldman Sachs and Citi delivering their best Q3 ever.
Bitcoin price edges below $112,500 on Wednesday, struggling to extend its rebound amid renewed macroeconomic headwinds.
The AUD/USD pair trades 0.5% higher to near 0.6520 during the European trading session on Wednesday.
The Pound Sterling (GBP) trades higher against a majority of its currency peers on Wednesday.
Gold extends its impressive rally to a new record-high above $4,200 on Wednesday as markets assess the latest headlines surrounding the US-China relations.
Related Instrument
