Price weakness to catalyze a large-scale CTA selling in Copper – TDS
Source Fxstreet
CTAs are selling Copper and Aluminum, TDS' Senior Commodity Strategist Daniel Ghali notes.
Trump dampens his tone with respect to tariffs on China
"CTAs are selling Copper and Aluminum, with price action playing into the significant asymmetry in expected flows following President Trump's dampened tone with respect to tariffs on China."
"With no scenario for price action over the coming week likely to attract subsequent buying programs, the weakness in prices is now sufficiently large to catalyze large-scale CTA selling activity in the red metal, with up to -25% of algos' max size likely sold this session."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Left Hand in Safe-Haven, Right Hand Against Inflation: International Gold Prices Hit New Highs with Seemingly No ResistanceTradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers beh
TradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers beh
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, hovers around 104.30.
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday.
Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
The EUR/USD pair struggles to capitalize on the previous day's goodish bounce from over a three-week low, around the 1.0730 area, and edges lower during the Asian session on Friday.
Related Instrument
