Hedge Funds Selling Crude at Rapid Clip
According to the CFTC’s Commitments of Traders report, hedge funds sold crude oil at the fastest pace in 8 months in the week ended May 18. Bets that crude oil would appreciate fell by 32 percent among large speculative traders while the net long position among large and small traders fell to 89,335 contracts. The… Continue Reading
Forex Playbook: May 23-29 – Global Economy on the Brink
Overview Risk appetite faced near destruction last week, with global equities and commodities valuations suffering their worst losses in recent memory. Including Friday’s “rally” – which was more of a panicked scramble to cover shorts in the final 20 minutes of weekly trading – the Dow and S&P 500 each declined over 4 percent while… Continue Reading
Beware the Volatility; Global Markets Poised for Big Friday Moves
The global risk selloff continues today around the globe, as fear seems the only theme remaining in the marketplace. Large liquidations across asset classes are pushing equities, oil and gold lower on the trading session. The Dow and S&P 500, while off their lows, remain in negative territory, as only institutional traders are finding value… Continue Reading
Cross Market Signals: Significant Correction, Reversal Looming
Investors should be extremely cautious in the weeks ahead, as all signs are pointing to a market correction that may prove more extreme than some are expecting. From global credit markets to forceful currency trends, risk aversion appears to be a systemic concern at this point, rather than the superficial concern that it was only… Continue Reading
Ahead of Fed Rate Statement: Markets Overview
Ahead of the FOMC rate statement, scheduled for 2:15 p.m. release in New York, markets have been relatively quiet, though rebounding slightly from yesterday’s rout. Stocks: The Dow and S&P 500 are holding onto gains of (approx.) 0.5 percent each while the tech-heavy Nasdaq is slightly negative on the session. Futures: Crude oil is higher… Continue Reading
Daily Forex Signal: Short USD/CHF
Please visit the forum to view today’s forex signal on the USD/CHF. To view the signal, you must be a free registered member of Forex Playbook. Please login or register for free.
Forex Playbook: March 14-20
With the S&P 500 on the cusp of fresh highs, investors have regained their collective appetite for risk. Expect measured losses for the US Dollar in the coming week of Forex trading, as the spotlight shifts toward higher yielding assets.
Forex Playbook: October 18-24
As Wall Street stumbles at the 10,000 mark, the US Dollar remains at recent lows relative to its major counterparts. The coming week of trading will be pivotal for global investors, as a break higher in equities will signal continued weakness in the US Dollar in the intermediate term. Last Week’s Forex Playbook: +105 Pips
Playbook Results: October 11-17
Net Pips: +105
Playbook Results: October 04-10
Net Pips: -157
