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COT: Brent long cut to ten-year low; Metals left exposed to end of week slump
The non-commercial dollar long versus eight IMM futures and the dollar index extended a succession of weekly declines to six, and during this time the gross dollar long has been cut by 61% to USD 11 billion during a period where the dollar index drifted lower by just one percent. In the latest reporting week to June 4 the flows remained heavily skewed towards dollar selling, led by buying of 24k contracts of JPY (USD 1.9 billion equivalent), 10.3k EUR (USD 1.4 billion), 17.8k GBP (USD 1.4 billion). Partly offsetting these were small selling of CHF and CAD, driving their respective net shorts to biggest since 2018 and ... (full story)
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From @financialjuice|Jun 10, 2024|1 commentpost:
ECB'S PRESIDENT LAGARDE: IT IS POSSIBLE ECB WILL HOLD RATES FOR LONGER THAN A SINGLE MEETING. post: ECB'S PRESIDENT LAGARDE: INTEREST RATES ARE NOT NECESSARILY ON A LINEAR DECLINING PATH, THERE MIGHT BE PERIODS WHEN WE HOLD - NEWSPAPER INTERVIEW. post: ECB'S PRESIDENT LAGARDE: TIME-DEPENDENT GUIDANCE ON RATES NOT HELPFUL. post: ECB'S PRESIDENT LAGARDE: I AM KEEN TO SEE THE EVOLUTION OF LABOUR COSTS AND CORPORATE PROFITS.
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- Posted: Jun 10, 2024 12:08pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 439
