Swiss Economicblogs.org
The Swiss Franc net position was reduced from 4.0 contracts long to 0.1 thousand contracts long. Apart from the yen., other speculative position barely changed. We are keen on next week’s data that should reflect the dismal US jobs report. Even recognizing a holiday-short week, speculative position adjustments were minor in the days before the ECB meeting and the US jobs report. There were no gross position adjustments that met the 10k contract threshold. The largest gross...
Read More »Gold – The Commitments of Traders
Commercial and Non-Commercial Market Participants The commitments of traders in gold futures are beginning to look a bit concerning these days – we will explain further below why this is so. Some readers may well be wondering why an explanation is even needed. Isn’t it obvious? Superficially, it sure looks that way. As the following chart of the net position of commercial hedgers illustrates, their position is currently at quite an extended level: Gold Hedgers Position Net position...
Read More »