InvestMacro

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

Gold Non-Commercial Speculator Positions:

Large metals speculators increased their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to the Veteran’s Day holiday.

The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 195,790 contracts in the data reported through Tuesday November 7th. This was a weekly rise of 2,695 contracts from the previous week which had a total of 193,095 net contracts.

Speculative positions have gained for three out of the past four weeks although the net bullish position remains under the +200,000 contract level for a third week.

Gold Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -215,287 contracts on the week. This was a weekly decline of -4,639 contracts from the total net of -210,648 contracts reported the previous week.

GLD ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the GLD ETF, which tracks the price of gold, closed at approximately $121.21 which was a boost of $0.54 from the previous close of $120.67, 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

S&P500 Non-Commercial Speculator Positions:

Large speculators increased their bearish net positions in the S&P500 futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to the Veteran’s Day holiday.

The non-commercial futures contracts of S&P500 futures, traded by large speculators and hedge funds, totaled a net position of -1,725 contracts in the data reported through Tuesday November 7th. This was a weekly reduction of -1,477 contracts from the previous week which had a total of -248 net contracts.

Speculative positions have now been in a net short position for a second consecutive week and are at the largest short position in the last eight weeks.

S&P500 Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 5,631 contracts on the week. This was a weekly rise of 7,696 contracts from the total net of -2,065 contracts reported the previous week.

SPY ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P500 Index, closed at approximately $258.67 which was a rise of $1.52 from the previous close of $257.15, 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

Silver Non-Commercial Speculator Positions:

Large speculators raised their net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Monday due to the Veteran’s Day holiday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 68,902 contracts in the data reported through Tuesday November 7th. This was a weekly advance of 8,750 contracts from the previous week which had a total of 60,152 net contracts.

Speculative positions have now risen for three out of the past four weeks and the current level is at the best standing since September 12th which recorded 74,987 net contracts.

Silver Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -81,641 contracts on the week. This was a weekly drop of -10,613 contracts from the total net of -71,028 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 $16.01 which was a boost of $0.22 from the previous close of $15.79, 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 speculators cut back on their 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 Monday due to the Veteran’s Day holiday.

The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of 42,575 contracts in the data reported through Tuesday November 7th. This was a weekly decrease of -5,018 contracts from the previous week which had a total of 47,593 net contracts.

Speculative positions have now fallen for two straight weeks (and by a total of -10,677 contracts in that time) to the lowest net level in four weeks.

Copper Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -49,639 contracts on the week. This was a weekly rise of 2,804 contracts from the total net of -52,443 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 $35.27 which was a shortfall of $-0.24 from the previous close of $35.51, 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

Article By RoboForex.com

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7662; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7680 and then continue moving downwards to reach 0.7570. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7725. In this case, the pair may continue growing towards 0.7810. To confirm further decline, the pair has to break the Triangle’s downside border and fix below 0.7620.

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.6929; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.6920 and then continue moving upwards to reach 0.7060. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6860. In this case, the pair may continue falling towards 0.6770.

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2681; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 1.2695 and then continue moving downwards to reach 1.2580. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2790. In this case, the pair may continue growing towards 1.2940.

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 completed the correctional wave. We think, today the price may break the ascending channel and fall towards 1.1600. Later, in our opinion, the market may grow with the target at 1.1666, reverse to break 1.1600 to the downside, and then continue falling to reach 1.1530.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has finished the ascending wave and completed the correction. Possibly, today the price may break 1.3085 downwards and continue falling inside the downtrend to reach 1.2990.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is moving upwards with the target at 1.0012. After that, the instrument may fall towards 0.9967 and then start another growth to reach 1.0070.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving upwards to reach 114.00. Later, in our opinion, the market may fall towards 113.50 and ten resume growing inside the uptrend to reach 115.00.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is moving downwards. Possibly, the price may reach 0.7615. After that, the instrument may start another correction with the first target at 0.7800.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading above 59.00. The main scenario implies that the instrument may continue the correction toward 58.60 and then resume growing to reach 59.00.

XAU USD, “Gold vs US Dollar”

Gold has broken 1279 downwards and may continue falling to reach 1268. Later, in our opinion, the market may grow towards 1279 and then start another decline with the target at 1250.

BRENT

Brent is consolidating around 63.80. If later the instrument breaks this range to the upside, the market may grow towards 65.50; if to the downside – continue the correction to reach 61.00. After that, the instrument may start another growth with the target at 66.70.

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 Gabriel Ojimadu, Alpari

By Adinah Brown

In this article we take to the “streets”, or rather the trading chat sites, to ask those on the coal face, i.e. the traders, what are the cryptocurrencies that they think show the most promise? By that we mean a return of 100% growth within the course of one year. This is what our respondents had to say.

David Mckinnon, Ireland, Blockchain enthusiast, 

I split my trades between Bitcoin, Vertcoin and Litecoin. In my opinion they are the three best performing cryptocurrencies with the strongest fundamentals and expect that they will become the crux of my portfolio over the course of 2018.

My distribution across these three coins, would vary anywhere between 50-70% on Bitcoin and the rest split fairly evenly between Vertcoin and Litecoin. Though, within the coming year I think that Vertcoin may experience the highest percentage gains, it still remains to be a riskier cryptocurrency than Litcoin, which in itself could double in value. I therefore place the bulk of my deposits on Bitcoin to moderate the risk.

John Young, USA, Founder of a Google Plug-in and self-acclaimed Crypto nerd

After completing a simulation that applies a geometric Brownian motion on 15 separate cryptocurrencies. I’ve chosen to spread my trading portfolio across a few of the best performing.

At the risk of sounding overly typical, my first choice is with Bitcoin. The simulation results showed that we can be 95% sure that over the course of this coming year, Bitcoin prices will fall between $4,614, and $129,269, which leaves a mean of $41,238.

The smart contract cryptocurrency, Ethereum also showed promising results of a 95% certainty that its prices will fall between $40, and $3,004 with a mean of $829. However, more recently Ethereum has been more volatile as steps have been put in motion to change the structure of its blockchain towards a new consensus method. Any decision could have significant bearing on its perceived value.

Lastly, because of its wild volatility is OmiseGo. OmiseGo appears to be a number of things.

1. Decentralized exchange

2. Liquidity provider mechanism

3. Clearinghouse messaging network

4. Asset-backed blockchain gateway

It is not owned by any single entity, but rather hosts an open distributed network of validators which enforce behavior of all participants. For this token the simulator was practically useless with a variation between $33 and $1,030,718, leaving a mean of $480,414. Not something you’d really want to hang your hat on, OmiseGo’s volatility made Bitcoin look like nothing short of a government bond.

Raj Singh, Mumbai, Programmer  

I really like the way things are headed for IOTA. Converting the concept of IoT into a cryptocurrency, IOTA enables companies to explore new B2B frame works by making every technological resource a potential service to be traded on an open market, in real time, at no fee.  Currently, trading at $0.5 I think it is heavily undervalued and due to its underlying fundamental value, has great potential for growth.

That wraps up our review. Keep in mind that none of our respondents are financial advisers and these opinions are just humble, if not hopeful, opinions.

About the Author:

Adinah Brown is a professional writer who has worked in a wide range of industry settings, including corporate industry, government and non-government organizations. Within many of these positions, Adinah has provided skilled marketing and advertising services and is currently the Content Manager at Leverate.

By Murray Gunn, Elliott Wave International

With all the speculation around the future of Bitcoin and other cryptocurrencies, we thought you’d find this interesting.

Dam Square, Amsterdam 1636. Rue de Quincampoix, Paris 1719. ‘Change Alley, London 1720. Is Zug, Switzerland 2017 about to be added to this roll call of bubble epicenters?

The sleepy town of Zug, nestled amidst beautiful countryside, is the unlikely host of what has become known as Crypto Valley as crypto currency ventures flock to set-up business there, lured by low taxes and light regulation. The Swiss, it would appear, are at the forefront of a potentially radical change in global currency markets. As an article from CityWire states – “Known for its innovative spirit, Switzerland’s financial industry has been ahead of the curve in developing blockchain and cryptocurrencies.”

The Swiss National Bank are said to be seriously considering an e-franc, a cryptocurrency using the blockchain technology. Sweden, where, to be fair, the world’s first central bank was created in the 1600s, is also said to be quite far down the line of development. The CME has announced that it is to start a Bitcoin future. Is crypto-mania the biggest bubble in history, or an epochal change for money and FX markets? It might be both.

Elliott Prechter was among the very first to note the potential for Bitcoin, both to turn into a bubble and for its disruptive potential. As he alluded to in his most recent paper, crypto-mania is almost undoubtedly a bubble but, after the inevitable crash, whichever currency is left standing may well change the way the world works.

How will FX trading evolve? Perhaps it will disappear altogether. After all, if there is just one world currency, there would be no need for exchange. Perhaps there will be national crypto currencies, which undoubtedly defeats the objective. Perhaps crypto currencies aren’t currencies at all, but actually speculative assets with zero intrinsic value. At this stage, I, for one, don’t mind admitting that I have no idea how the crypto technology will affect FX and money-markets. As Alan Watts so serenely put it, “The only way to make sense out of change is to plunge into it, move with it, and join the dance.” That, I hasten to add, is most definitely not an endorsement of doing any trading in the crypto space.

I will leave you with a chart to ponder. Did you know that you can buy shares in a central bank? Yes, the Swiss National Bank shares are freely traded. The chart below shows you what they have done over the last couple of years, alongside the price of Bitcoin. Is it just me, or is anyone else intrigued with what is going on in Switzerland?

Article By RoboForex.com

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading at 0.7688; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test the downside border of the cloud at 0.7690 and then continue moving downwards to reach 0.7580. However, the scenario that Implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7725. In this case, the pair may continue growing towards 0.7810.

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is trading at 0.6941; the instrument is still moving above Ichimoku Cloud, which means that it may continue growing. We should expect the price to test the upside border of the cloud at 0.6925 and then continue moving upwards to reach 0.7060. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6860. In this case, the pair may continue falling towards 0.6770.

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair is trading at 1.2688; the instrument is still moving below Ichimoku Cloud, which means that it may continue falling. We should expect the price to test Tenkan-Sen and Kijun-Sen at 1.2690 and then continue moving downwards to reach 1.2570. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.2815. In this case, the pair may continue growing towards 1.2940.

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.