As we can see at the H4 chart, the EUR/USD pair is still being corrected to the downside. The main targets of this correction may be the retracements of 38.2% and 50% at 1.1605 and 1.1513 respectively.
At the H1 chart, the situation is pretty the same. The pair was corrected to the upside by 61.6% and then started a new descending impulse.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart of the USD/JPY pair, the price has broken the local low and right now is still falling inside the downtrend with the targets in the post-correctional extension area between the retracements of 138.2% and 161.8% at 107.88 and 107.37 respectively.
More detailed structure is shown on the H1 chart. After breaking the local low at 108.59, the price may move into the post-correctional extension area between the retracement of 138.2% and 161.8% at 108.24 and 107.99 respectively.
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.
The EUR/USD pair is still consolidating around 1.1718. Possibly, today the price may fall towards 1.1718, break it, and then continue moving downwards to reach 1.1666. After that, the instrument may form another consolidation range, break it to the downside, and reach 1.1487. An alternative scenario implies that the market may try to reach 1.1790 then continue falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has broken its consolidation range to the downside and may continue falling towards the local target at 1.2732. Later, in our opinion, the market may be corrected towards 1.2940 and then continue falling inside the downtrend to reach 1.2600.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is still consolidating around 0.9676. We think, today the price may break this consolidation channel to the upside again and reach 0.9704. After that, the instrument may test 0.9676 from above and then continue moving upwards with the target at 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has reached another new low. Possibly, the price may continue falling to reach 108.22 and then grow towards 109.51. Later, in our opinion, the market may move downwards with the target at 107.06.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is trading to rebound from the upside border of the Expanding Triangle pattern. We think, today the price may continue falling towards 0.7860, break it, and then falling with the target at 0.7757.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is moving downwards. Possibly, the price may reach 58.98 and then start another correction with the target at 59.90. After that, the instrument may continue falling inside the downtrend towards 55.50.
XAU USD, “Gold vs US Dollar”
Gold is forming the first descending wave with the target at 1279.15. After that, the price may grow towards 1289.89, thus forming another consolidation channel. If later the instrument breaks this channel to the downside, the market may fall towards 1258.00; if to the upside – continue growing with the target at 1320.00.
BRENT
Brent has completed another ascending impulse. We think, today the price may be corrected towards 51.22 and then grow to break 52.55. The target of this wave is at 55.15. Later, in our opinion, the market may be corrected to reach 50.00.
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.
While resisting the urge to jump on all the hype, surrounding cryptocurrencies and Bitcoin in particular, it seems that the big question that everyone want to know is who are the celebrities of the industry? To be more precise, who are those people that have become the almost mythical legends behind the sky-rocketing value of Bitcoin? These millionaires didn’t find their success by being a hedge fund manager or by selling the latest fad, they did it purely by mining, buying and selling the now famed cryptocurrency.
Here is our list of those Bitcoin millionaires with big stories, but steel yourself as they are just as likely to run off with your fascination.
1. Arianna Simpson – After working at Facebook, Arianna went onto become the third employee at BitGo, a company that produces Bitcoin wallets and seeks to make digital currencies more useable for businesses. Simpson than become an early investor of Bitcoin in her own right that also includes a portfolio of 40 other investment instruments.
2. Jered Kenna – An ex-marine who re-built a cryptocurrency exchange from the ashes, not just once, but twice, he is considered to be one of Bitcoin’s most persevering profiteers. He initially bought Bitcoin for $0.20 per coin and then traded this first batch for $258 per coin. In 2010 when he reformatted his drive he supposedly lost $200,000 of Bitcoin value. An always prevalent threat, he says he didn’t let the loss get to him.
3. Yifu Guo – Still a student at New York University, Guo developed his Bitcoin wealth by mining it. After amassing a fair few dollars, he then went on to start a company called Avalon that is focused on building the necessary hardware that enables people to mine Bitcoins themselves. His Goal: To continue to put more Bitcoins on the market and make sure it’s around for quite a while longer.
4. Winklevoss Twins – Remember those early litigants of Facebook, who weren’t too chummed about their social network idea getting nicked? Well, we think they might have come to terms with it now, as Bitcoin has turned them into millionaires – to the tune of $11 million. According to the New York Times they invested in the market very early on, well before Bitcoin became the celebrity currency that it is today.
5. Topy Gallippi – With more than just a small vested interest, Gallippi started buying Bitcoin because his company handled the payment system for processing Bitcoins, more widely known as BitPay. So, alongside his financial portfolio that includes bonds, stocks and real estate, it also holds a fair number of Bitcoins.
Despite this list, it is actually impossible to say how many bitcoin wallet owners out there are actual millionaires because while the number of wallets and the amounts they hold are public knowledge, the people who own these wallets are anonymous. This millionaire listing is a deduction of the amount of money each of these people would earn if they were to sell their Bitcoin holdings.
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.
Large speculators raised their bearish net positions in the Russian Ruble futures markets this week for a second straight 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 Russian Ruble futures, traded by large speculators and hedge funds, totaled a net position of -6,804 contracts in the data reported through Tuesday August 15th. This was a weekly reduction of -1,006 contracts from the previous week which had a total of -5,798 net contracts.
Ruble speculative positions have now been in bearish territory for eight straight weeks with this week’s standing being the most bearish level since turning over on June 27th.
Russian Ruble Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 6,608 contracts on the week. This was a weekly gain of 1,067 contracts from the total net of 5,541 contracts reported the previous week.
RUBUSD:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the RUBUSD Currency Pair closed at approximately $0.0167 which was a gain of $0.001 from the previous close of $0.0166, 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).
US Dollar Index Non-Commercial Speculator Positions:
Large speculators slightly advanced their net positions in the US Dollar Index 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 US Dollar Index futures, traded by large speculators and hedge funds, totaled a net position of -2,124 contracts in the data reported through Tuesday August 15th. This was a weekly gain of 560 contracts from the previous week which had a total of -2,684 net contracts.
The speculative positions in the dollar index has now been in bearish territory for four straight weeks after falling into a bearish position on July 25th.
US Dollar Index Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -4,814 contracts on the week. This was a weekly shortfall of -774 contracts from the total net of -4,040 contracts reported the previous week.
UUP:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the UUP ETF, which tracks the price of US Dollar Index, closed at approximately $24.32 which was an advance of $0.06 from the previous close of $24.26, 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).
US Dollar net speculator positions leveled at $-8.84 billion as of Tuesday
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators raised their bullish bets for the US dollar last week. See full article
The non-commercial contracts of WTI crude futures totaled a net position of 463,473 contracts, according to data from last week. This was a slide of -17,156 contracts from the previous weekly total. See full article
The large speculator contracts of gold futures totaled a net position of 187,734 contracts. This was a weekly advance of 38,897 contracts from the previous week. See full article
The large speculator contracts of 10-year treasury note futures totaled a net position of 200,592 contracts. This was a weekly reduction of -29,244 contracts from the previous week. See full article
The large speculator contracts of S&P 500 futures totaled a net position of -1,912 contracts. This was a decrease of -1,780 contracts from the reported data of the previous week. See full article
The non-commercial contracts of silver futures totaled a net position of 38,851 contracts, according to data from last week. This was a weekly gain of 4,987 contracts from the previous totals. See full article
The large speculator contracts of copper futures totaled a net position of 36,829 contracts. This was a weekly boost of 3,693 contracts from the data of the previous week. See full article
The Commitment of Traders report data is published in raw form every Friday by the Commodity Futures Trading Commission (CFTC) and shows the futures positions of market participants as of the previous Tuesday (data is reported 3 days behind).
US Dollar net speculator positions leveled at $-8.84 billion last week
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators raised their bullish bets for the US dollar last week.
Non-commercial large futures traders, including hedge funds and large speculators, had an overall US dollar short position totaling $-8.84 billion as of Tuesday August 15th, according to the latest data from the CFTC and dollar amount calculations by Reuters. This was a weekly rise of $1.39 billion from the $-10.23 billion total short position that was registered the previous week, according to the Reuters calculation (totals of the US dollar contracts against the combined contracts of the euro, British pound, Japanese yen, Australian dollar, Canadian dollar and the Swiss franc).
The US dollar aggregate level had fallen for the previous seven weeks going from a $+7.82 billion position on June 20th to $-10.23 billion on August 8th before this week’s pullback. The dollar level has now been in an overall short standing for five straight weeks for the first time in over a year.
Weekly Speculator Contract Changes:
The individual major currencies saw four weekly changes above the (+ or -) 10,000 contract mark this week in the speculators category.
Japanese yen bets advanced by over +18,000 contracts this week and have gained for four consecutive weeks. The overall short position continues to decline further below the -100,000 net contract level after reaching a recent high short level of -126,919 contracts on July 18th.
The euro position fell by over -14,000 contracts this week and has now declined three out of the past four weeks after ascending to the highest bullish level since May 3rd 2011.
Canadian dollar positions dropped by over -11,000 positions this week after rising for eleven straight weeks that brought the CAD spec level from highly bearish to a strong bullish level.
Mexican peso bets decreased by over -11,000 contracts this week and declined for a second straight week. MXN positions, despite the fall, are in very bullish territory with a net standing of +94,849 contracts.
In total, the major currencies that improved against the US dollar last week were the Japanese yen (18,321 weekly change in contracts), Swiss franc (221 contracts) and the Australian dollar (1,602 contracts).
The currencies whose speculative bets declined last week versus the dollar were the euro (-14,418 weekly change in contracts), British pound sterling (-6,700 contracts), Canadian dollar (-11,472 contracts), New Zealand dollar (-8,646 contracts) and the Mexican peso (-11,588 contracts).
Table of Weekly Commercial Traders and Speculators Levels & Changes:
Currency
Net Commercials
Comms Weekly Chg
Net Speculators
Specs Weekly Chg
EuroFx
-104,369
17,421
79,267
-14,418
GBP
33,275
12,537
-31,860
-6,700
JPY
89,173
-20,996
-77,492
18,321
CHF
4,372
924
-1,181
221
CAD
-69,109
15,876
51,349
-11,472
AUD
-77,465
-1,990
59,612
1,602
NZD
-27,585
8,307
24,839
-8,646
MXN
-100,573
12,437
94,849
-11,588
This latest COT data is through Tuesday 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. All currency positions are in direct relation to the US dollar where, for example, a bet for the euro is a bet that the euro will rise versus the dollar while a bet against the euro will be a bet that the dollar will gain versus the euro.
Weekly Charts: Large Trader Weekly Positions vs Price
EuroFX:
British Pound Sterling:
Japanese Yen:
Swiss Franc:
Canadian Dollar:
Australian Dollar:
New Zealand Dollar:
Mexican Peso:
*COT Report: The weekly commitment of traders report summarizes the total trader positions for open contracts in the futures trading 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).
The Commitment of Traders report is published every Friday by the Commodity Futures Trading Commission (CFTC) and shows futures positions data that was reported as of the previous Tuesday (3 days behind).
Each currency contract is a quote for that currency directly against the U.S. dollar, a net short amount of contracts means that more speculators are betting that currency to fall against the dollar and a net long position expect that currency to rise versus the dollar.
(The charts overlay the forex closing price of each Tuesday when COT trader positions are reported for each corresponding spot currency pair.) See more information and explanation on the weekly COT report from the CFTC website.
Large oil speculators reduced their bullish net positions in the WTI Crude Oil 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 WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 463,473 contracts in the data reported through Tuesday August 15th. This was a weekly lowering of -17,156 contracts from the previous week which had a total of 480,629 net contracts.
Speculative positions have now fallen for two straight weeks following a previous streak of five weekly gains. Despite the weekly decline, net bullish bets have remained above the +400,000 contract level for four weeks in a row.
WTI Crude Oil Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -473,499 contracts on the week. This was a weekly advance of 3,243 contracts from the total net of -476,742 contracts reported the previous week.
USO:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the USO Crude Oil ETF, which tracks the price of WTI crude oil, closed at approximately $9.75 which was a shortfall of $-0.31 from the previous close of $10.06, 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).
Large bond speculators cut back on their bullish net positions in the 10-Year Note 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 10-Year Note futures, traded by large speculators and hedge funds, totaled a net position of 200,592 contracts in the data reported through Tuesday August 15th. This was a weekly decline of -29,244 contracts from the previous week which had a total of 229,836 net contracts.
The 10-Year Note speculative positions have now fallen for three out of the last four weeks and declined to the lowest net bullish position since May 2nd.
10-Year Note Commercial Positions:
Meanwhile, the commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -49,945 contracts on the week. This was a weekly decrease of -3,241 contracts from the total net of -46,704 contracts reported the previous week.
IEF ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the 7-10 Year Treasury Bond ETF (IEF) closed at approximately $106.97 which was a gain of $0.07 from the previous close of $106.9, 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).
Large speculators continued to push their bullish net positions higher 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 Friday.
The non-commercial futures contracts of Gold futures, traded by large speculators and hedge funds, totaled a net position of 187,734 contracts in the data reported through Tuesday August 15th. This was a weekly boost of 38,897 contracts from the previous week which had a total of 148,837 net contracts.
Gold speculative bets have now gained by +127,596 net contracts in just the past four weeks alone and the current level is now the best standing since June 13th when net positions totaled +190,274 contracts.
Gold Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -196,631 contracts on the week. This was a weekly loss of -37,120 contracts from the total net of -159,511 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 $120.98 which was a boost of $1.12 from the previous close of $119.86, 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).
