Positions and changes made by hedge funds across commodities and forex futures during the week to November 17.Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called...
Market Quick Take – November 23, 2020
Markets are starting off the week on a reasonably positive footing after a late sell-off on Friday in the US failed to follow through into the Monday session in Asia. The US dollar is on the defensive and oil prices are pressing on range highs, in general suggesting that the...
Macro Dragon WK 48: Limitless Upside Part II…
Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
Breakout Identified in EURJPY
The Breakout Opportunities system has just sold EURJPY at 123.016. The system recommends entering this trade at any price between 122.832 and 123.126. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.712, suggesting that the EURJPY may have further...
New Space Race — 2021’s Biggest Mega Trend
This week, SpaceX launched a manned taxi shuttle into space — the first of its kind.
Managing Our Qualcomm Call Options
Knowing when to get out… Two weeks ago, we added call options on Qualcomm (Nasdaq: QCOM) to give you an example of the types of opportunities we have in my premium research service, Quick Hit Profits.
WCU: Vaccine and weather buoy commodities
Commodity weekly taking a closer look at how politics, vaccine hopes and weather impact have impacted the recent price actionGlobal markets remain torn between the negative impact of surging coronavirus cases around the world and the prospect for vaccines being rolled out in the new year. Since the November 9...
The $10bn vaccine surprise, dangerous EV stocks, and value trap
Read about the surprise $10bn EU price tag on Covid-19 vaccines and how it will impact Pfizer's partner BioNTech, the dangers lurking in electric vehicle stocks that seem to defy logic, and finally about the value rotation that either did not happen and got paused. It has been a quiet...
FX Update: Reflation narrative struggling for air
Late yesterday, US Treasury Secretary Mnuchin announced he was pulling the plug on a number of emergency Fed facilities. The market met the news with a collective shrug, but it could prove pivotal down the road. Meanwhile, the long end of the US yield curve is generally failing to support...
Podcast: Mnuchin pulls plug on Fed, market shrugs.
Today we look at reflationary narrative and how it is holding up - or not, especially in the US treasury market, where the longest yields continue to fall. Also a look into the implications of US Treasury Secretary Mnuchin pulling the plug on emergency Fed lending programs, signs of stress...