Aussie and Gold Bullish Willingness to Both Cooldown

  • US dollars held by speculators increased.
  • The crude oil speculative net long-held by speculators increased.
  • Silver speculative net long positions held by speculators decreased.

The US Commodity Futures Trading Commission (CFTC) on Friday released a report, as of October 7 to October 13 the week: AUD see more willingness to cool; to see more gold willingness to cool down, gold speculative net longs decreased by 7,916 contracts to 240,671 contracts, indicating that investors’ willingness to be bullish in gold has cooled.

 

Gold Bars

The speculative net longs of US dollars held by speculators increased by 3,471 contracts to 437 contracts, indicating that investors’ willingness to bullish the US dollar has increased.

The euro speculative net long position held by speculators decreased by 5,671 contracts to 168,637 contracts, indicating that investors’ willingness to be bullish on the euro has cooled.

The speculative net short position of the pound sterling held by speculators decreased by 1,496 contracts to 9,802 contracts, indicating that investors’ willingness to bear on the pound has cooled.

The speculative net long position of yen held by speculators decreased by 1,126 contracts to 19,976 contracts, indicating that investors’ willingness to bullish yen has cooled.

The speculative net long position in Swiss francs held by speculators decreased by 924 contracts to 12,172 contracts, indicating that investors’ willingness to bullish Swiss francs has cooled.

The speculative net longs of Australian dollars held by speculators decreased by 6,993 contracts to 3,854 contracts, indicating that investors’ willingness to bullish the Australian dollar has cooled.

The speculative net short position of the Canadian dollar held by speculators decreased by 4,483 contracts to 13,564 contracts, indicating that investors’ willingness to bear the Canadian dollar has cooled.

The speculative net long position in the New Zealand dollar held by speculators increased by 1,400 contracts to 6,490 contracts, indicating that investors’ willingness to bullish the New Zealand dollar has increased.

The speculative net long position of gold held by speculators decreased by 7,916 contracts to 240,671 contracts, indicating that investors’ willingness to bullish gold has cooled.

Silver Bars

Speculative silver speculative net long positions held by speculators decreased by 469 contracts to 40,788 contracts, indicating that investors’ willingness to bullish silver has cooled.

The crude oil speculative net long-held by speculators increased by 1,261 contracts to 472,797 contracts, indicating that investors’ willingness to bullish crude oil has increased.

During the European period, market economic data and news are scarce, and the total fluctuation of each product is relatively limited. Investors trading crude oil need to pay attention to the OPEC+ joint technical committee meeting. There is no specific time for the meeting. Investors can pay attention to relevant reports.

During the New York session, investors need to pay less attention to data. Investors should pay attention to the US housing market index and Canadian wholesale sales. In the evening, Fed Vice Chairman Clarida will also give a speech on the economic outlook. Recently, Fed officials have repeatedly urged the White House to introduce more stimulus policies on public occasions. If Clarida makes such a statement, it may bring some support to the market.

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Benedict Kasigara

I have been working as a freelance editor/writer since 2006. My specialist subject is film and television having worked for over 10 years from 2005 during which time I was the editor of the BFI Film and Television.

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