InvestMacro

By CountingPips.com – Receive our weekly COT Reports by Email

Silver Non-Commercial Speculator Positions:

Large speculators dropped their net positions in the Silver futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 2,469 contracts in the data reported through Tuesday December 19th. This was a weekly lowering of -7,445 contracts from the previous week which had a total of 9,914 net contracts.

Speculative bets have now fallen for five straight weeks and by a total of -66,704 contracts over that time frame. The overall position at +2,469 net positions is now at the lowest level since June 3rd 2014 when the net level was just +766 contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -18,621 contracts on the week. This was a weekly uptick of 6,208 contracts from the total net of -24,829 contracts reported the previous week.

SLV ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SLV ishares ETF, which tracks the price of silver, closed at approximately $15.22 which was an advance of $0.36 from the previous close of $14.86, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.com – Receive our weekly COT Reports by Email

By CountingPips.com – Receive our weekly COT Reports by Email

Copper Non-Commercial Speculator Positions:

Large metals speculators sharply lifted their bullish net positions in the Copper futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 42,698 contracts in the data reported through Tuesday December 19th. This was a weekly lift of 14,944 contracts from the previous week which had a total of 27,754 net contracts.

Speculative bets rose this week by the most on a weekly basis since November 8th 2016 when positions jumped by 28,338 contracts. The net position is back over the +40,000 contract level after falling below this threshold for the past two weeks.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -43,066 contracts on the week. This was a weekly drop of -11,937 contracts from the total net of -31,129 contracts reported the previous week.

JJC ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the JJC iPath Bloomber Copper ETN, which tracks the price of copper, closed at approximately $35.76 which was an advance of $1.57 from the previous close of $34.19, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.com – Receive our weekly COT Reports by Email

Bitcoin’s 50% crash was not entirely unexpected

By Elliott Wave International

“Wild” doesn’t begin to describe Bitcoin’s price action. This spring, it traded as low as $1200. Last week, BTC futures topped $20,000.

Yesterday (December 21), in an article by newsmax.com, Elliott Prechter warned about Bitcoin’s future:

Elliott Prechter: I Wouldn’t Touch Bitcoin, Risk of Collapse Too Big
Thursday, 21 Dec 2017 10:38 AM

“We provided the first financial publication in the world that discussed Bitcoin when it traded at 6 cents in 2010. Amidst obscurity, skepticism and disinterest, we explained the currency and said it had great potential,” says Prechter.

Today, however, he says if you aren’t already in the game when it comes to bitcoin, you might be better off sitting this one out.

“Bitcoin had great potential in 2010, but not in 2018. With today’s elevated prices, manic psychology and weak fundamentals, I wouldn’t touch it. The risk that it could collapse is too great.”

Prechter says bitcoin could prove to be as fragile as a flower, or more specifically a tulip, comparing the bitcoin phenomena to the 1600s tulip mania in the Netherlands.

Then, the next day, Bitcoin crashed (just as Prechter had warned), reaching a low of $10,400 on cash exchanges.

When powerful new technologies emerge, they attract droves of investors. We saw it with the internet sector in the late 1990s. At the time, we described it as a bubble in the making.

Obviously the internet survived the bubble–and now thrives. But many investors’ portfolios didn’t.

We expect the same with Bitcoin. The blockchain technology that’s behind it and other cryptocurrencies holds great potential. But unprepared investors, oblivious to the big picture, will see — and have already seen — their positions get run over.

That doesn’t have to be you. You can be among the few prepared investors who understands what truly drives price swings in the crypto market.

We have two ways to help. The Theorist continues to cover the big-picture cryptocurrency trend — and in fact, a Financial Forecast Service subscription, of which the Theorist is a part, will continue to show you exactly how the Bitcoin bubble is a preview of the still-larger financial markets mania.

And for speculators who dare to dip their toe in these fast-moving waters, we’ve just launched Cryptocurrency Pro Service. It delivers daily and intraday Bitcoin forecasts, with plans to add more cryptos soon. Learn more about Cryptocurrency Pro Service.

One thing’s for sure. When there’s this much volatility in a market, the opportunities — and risks — are huge. More than ever before, you need to know what the Elliott waves are saying.

Whatever your level of interest in Bitcoin and cryptos, we’ve got you covered.

Article By RoboForex.com

BTC USD, “Bitcoin vs US Dollar”

As we can see at the H4 chart, the divergence made the BTC/USD pair reverse to the downside. By now, the price has already reached the retracement of 38.2%. The next targets may be the retracements of 50.0% and 61.8% at 11234.00 and 9277.00 respectively.

At the H1 chart, the pair continues falling steadily

ETH USD, “Ethereum vs. US Dollar”

As we can see at the daily chart, the divergence made the ETH/USD pair start a new correction, which has already reached the retracement of 50.0%. The next downside target may be the retracement of 61.8% at 570.36. After that, the instrument may start a new ascending impulse.

At the H1 chart, the situation is similar and confirms the scenario described above. The resistance level is near the high at 860.99.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has finished the descending impulse. We think, today the price may move upwards to reach 1.1868. After that, the instrument may start another decline towards the local target at 1.1750.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still consolidating. If later the instrument breaks this range to the downside, the market may reach 1.3243; if to the upside – grow towards 1.3450 and then continue falling inside the downtrend.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has broken its consolidation range upwards. Possibly, the price may grow towards 0.9927 and then fall to reach 0.9857. Later, in our opinion, the market may start another growth with the target at 1.0031.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has expanded the consolidation channel and reached the first target; right now, it is forming another descending impulse towards 112.84. After that, the instrument may start another growth with the target at 113.70.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has broken the consolidation range to the upside. Possibly, the price may extend this wave towards 0.7720. Later, in our opinion, the market may trade to the downside and reach 0.7555.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has broken 58.50 downwards. Possibly, today the price may continue falling inside the downtrend to reach the local target at 57.97.

XAU USD, “Gold vs US Dollar”

Gold is consolidating at the top of the ascending wave. According to the main scenario, the price may fall towards 1250 (at least). An alternative one suggests that the instrument may try to expand the range upwards to reach 1270.  After that, the instrument may continue falling inside the downtrend.

BRENT

Brent is still moving upwards. Possibly, the price may reach 65.25 and then fall towards 64.15. After that, the instrument may start another growth with the target at 66.30.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

22 December 2017
Belmopan, Belize

RoboForex Ltd, an international financial broker, which provides online-trading and investment services on financial markets, is announcing the extension of trading sessions and changes in trading conditions for operations involving CFDs on cryptocurrencies.

Starting December 23rd 2017, CFDs on cryptocurrencies (BTCUSD and ETHUSD) will be available for trading 24/7. The Company’s clients will be able to place buy or sell orders in these instruments at any time on weekdays and even at weekends in order not to miss a single opportunity offered by the cryptocurrency market.

Apart from extending trading sessions, we’re introducing several changes into trading conditions. The minimum order volume for BTCUSD and ETHUSD instruments has been decreased up to 0.01 lots. Cryptocurrencies will be available for trading on Prime accounts and CopyFX and RAMM platforms.

Earlier this month, RoboForex announced the increase of the leverage value up to 1:10 for trading BTCUSD and ETHUSD instruments through three platforms, MT4, MT5, and R Trader. Also, the Company introduced the Bitcoin cryptocurrency as the base currency for ProStandard accounts and RoboForex Wallets.

About RoboForex Ltd

RoboForex Ltd (Belize) is a company, which delivers brokerage services on a world-wide basis. The company provides traders, who work on financial market, with access to its own trading platforms. RoboForex Ltd has the brokerage license IFSC/60/271/TS/17. More detailed information about the Company’s activities and operation can be found on the official website at www.roboforex.com.

Article By RoboForex.com

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair formed the convergence, thus finishing the downtrend, and started a new ascending correction. The closest targets may be the retracements of 38.2% and 50.0% at 0.7740 and 0.7815 respectively. The support level is near the current low at 0.7501.

As we can see at the H1 chart, after completing the previous ascending impulse, the pair is being corrected sideways and has already reached the retracement of 23.6%. The next targets of this descending correction may be the retracements of 38.2% and 50.0% at 0.7627 and 0.7606 respectively. After breaking the high at 0.76942, the instrument may start forming a new ascending impulse.

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, the USD/CAD pair formed the divergence and started a new correction, which has already reached the retracement of 23.6%. Right now, the instrument is moving towards the retracement of 38.2% at 1.2807. The next targets may be the retracements of 50.0% and 61.8% at 1.2771 and 1.2737 respectively.

At the H1 chart, the situation is similar and confirms the scenario described above.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has broken the consolidation range to the upside and finished the structure of the third ascending wave. We think, today the price may moving downwards to reach 1.1827 and then grow with the target at 1.1863, thus forming another consolidation range between these two levels. If later the instrument breaks this range to the upside, the market may grow towards 1.1901; if to the downside – fall to reach 1.1760.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still consolidating around 1.3376. If later the instrument breaks this range to the downside, the market may reach 1.3243; if to the upside – grow towards 1.3450 and then continue falling inside the downtrend.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating around 0.9855. According to the main scenario, the price may break this range upwards to reach the target at 0.9960 and then start another consolidation channel there.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has broken the consolidation channel upwards and right now is forming the fifth ascending structure. Possibly, today the price may reach 114.01. Later, in our opinion, the market may be corrected towards to reach 113.15 and then start another growth with the target at 114.28.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating close to the upside border of the Triangle pattern. If later the instrument breaks this range to the upside, the market may start another ascending structure towards 0.7760; if to the downside – fall to reach 0.7575.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating above 58.53. If later the instrument breaks it, the market may continue falling inside the downtrend to reach the local target at 57.70.

XAU USD, “Gold vs US Dollar”

Gold has reached the target of the ascending wave. We think, today the price may consolidate there. According to the main scenario, the price may fall towards 1250 (at least) and then grow to reach 1258.

BRENT

Brent is still moving upwards. Possibly, the price may reach 65.00 and then fall towards 64.60. After that, the instrument may start another growth with the target at 66.00.

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

By Elliott Wave International

December 20, 2017
Limassol, Cyprus

RoboForex (CY) Ltd, a European financial broker, which provides online trading and investment services on financial markets, is announcing a strategic partnership with SEB Bank. Starting today, European clients of the broker will have an opportunity to deposit funds to their trading accounts using SEB Bank payment system.

RoboForex (CY) Ltd is expanding the list of opportunities for transferring funds to its European clients’ accounts via SEB Bank payment terminal. This new depositing method is available in the United Kingdom, Germany, Latvia, Lithuania, Poland, Finland, and Estonia. SEB Bank is one of the largest banks of Sweden and Northern Europe, which provides services to millions of European clients.

Anton Ivanov, the marketing manager: “We’re constantly improving our products and expanding our affiliate network in order to provide our clients with flexible conditions and quality services. Within the framework of the Company’s development strategy and raising RoboForex (CY) Ltd profile on the European market, we’re increasing opportunities offered to our clients, who will be able to deposit funds to their trading account via SEB Bank payment system easily and safely.”

About RoboForex (CY) Ltd

RoboForex (CY) Ltd, a European broker that provides traders, who work on financial market, with access to its own trading platforms. RoboForex (CY) Ltd is CySEC regulated broker with the license № 191/13. More detailed information about RoboForex (CY) Ltd can be found on the official website at www.roboforex.eu.