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
As U.S. President Trump once again signaled a de-escalation of tensions in the Middle East, global markets swiftly entered "TACO trade" mode: risk assets rallied, safe-haven assets retrea
WTI rises back above mid-$90.00s amid Middle East tensions and supply risksWest Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
West Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
Iran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.
$180 Oil Prices Imminent? Saudi Arabia Warns: Crisis to Last Until Late April, Oil Prices Will Break Historic HighsThe continuous escalation of geopolitical conflicts in the Middle East is pushing global energy markets toward their most severe test in nearly 20 years.The Wall Street Journal reports th
The continuous escalation of geopolitical conflicts in the Middle East is pushing global energy markets toward their most severe test in nearly 20 years.The Wall Street Journal reports th
Related Instrument
