According to the CFTC Commitments of Traders report for the week ended July 7, NET LENGTH for crude oil futures plunged -17 850 contracts to 686 543 for the week. Speculative long positions fell -17 850 contracts while shorts dropped -9 341 contracts. For refined oil products, NET LENGTH for gasoline declined -5 891 contracts
Weekly jobless claims were lower than expected last week as workers slowly returned to their jobs in the wake of rising coronavirus cases. Claims for the week ended July 4 totaled 1.314 million, compared with the 1.39 million expected from economists surveyed by Dow Jones. The total marked a decrease of 99,000 from a week
After gold prices hit an eight-year high on Wednesday this week, consolidation took over. Investors saw the US dollar gain traction following the majestic price action on Thursday. This created some turbulence for the precious metal especially with the ten-year United States Treasury yield diving sharply to 60-basis points in addition to ending the session
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The Japan Virtual and Crypto Assets Exchange Association (JVCEA) — a self-regulatory organization for the crypto industry in Japan — recently published a report on Japanese holdings of major cryptocurrencies in March. 169,376 BTC was held on Japanese exchanges, up more than 11% from the previous month. XRP was up 6.4% to 3.2 billion XRP. Ether was
U.S. Customs and Border Protection has admitted that there is no practical way for Americans to avoid having their movements tracked by its license plate readers, according to its latest privacy assessment. CBP published its new assessment — three years after its first — to notify the public that it plans to tap into a
S&P and Dow also trading to new session highs The major US stock indices have now all turned positive. The NASDAQ index which has been lagging the S&P and Dow today, as the race declines and is now trading in the black and at new session highs. The S&P index and Dow industrial average are also trading at their
Weekly FX speculative positioning data from the CFTC: EUR long 104K vs 98K long last week GBP short 16K vs 21K short last week JPY long 17K vs 24K long last week CHF long 4K vs 4K long last week AUD short 1k vs 3K short last week NZD short 0K vs 0K short last week
NEW YORK: Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data showed US energy firms cut the number of oil
As suggested in the CFTC Commitments of Traders report in the week ended July 7, NET SHORT for USD Index futures slipped -36 to 4 939 contracts. Speculative long positions increased +2 324 contracts and short positions gained +2 288 contracts. Bets increased on both sides. Yet, traders were yet to form a consensus on
Jaeden Milam makes clear acrylic safety shield dividers on a computer-controlled cutting machine at Screaming Images amid the spread of the coronavirus on May 18, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images U.S. producer prices unexpectedly fell in June as the economy battles depressed demand amid the Covid-19 pandemic. The Labor Department
USD/JPY is trading 0.25% lower in a mixed session for the dollar on Friday. The pair has been in a 2 big figure range for a month now. USD/JPY 4-hour chart USD/JPY seems stuck in a sideways range. In historical terms, if there was this much uncertainty in the world the yen would be going
Bitcoin (BTC) has been trading sideways for around a month now and is being outperformed by several other altcoins like Ether (ETH) and Chainlink (LINK). The cryptocurrency also hit the lowest levels of volatility since November 2018. Moreover, Bitcoin’s trading volume in it’s USDT and USD pairs has decreased by 56% and 44%, while global
Google announced its plans to acquire Fitbit for $2.1 billion back in November. As of this writing, the deal has yet to go through, courtesy of all the usual regulatory scrutiny that occurs any time one large company buys another. EU regulators are often a key hurdle for these sorts of deals, and this time
WTI settles at $40.55, up 96 cents Front month WTI crude had been as low as $38.54 but bounced more than $2 to finish nicely higher on the day. Crude has been tied to $40 for weeks but today’s rebound is a preliminary sign of a higher low. If crude can get above $41.63 next
Forex news for North American trade on July 10, 2020: Markets: Gold down $4 to $1799 WTI crude up 86-cents to $40.49 US 10-year yields up 2 bps to 0.6348% S&P 500 up 33 points to 3184 JPY leads, AUD lags The tone was negative overall and with a US dollar bid heading into New