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Dollar Gains Extended, Oil Steadies At Higher Levels
Article By:
Marc Chandler
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Monday, June 5, 2023 8:32 AM EDT
The US dollar has extended its post-employment gains today, helped by firmer rates and several countries seeing downward revisions from the preliminary May PMI. July WTI gapped higher after the Saudi Arabia announced a cut of 1 million barrels a day.
Currency Speculators Push Mexican Peso Bullish Bets To 168-Week High
Article By:
Zachary Storella
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Sunday, June 4, 2023 4:20 PM EDT
The COT currency market speculator bets were higher this week as seven out of the eleven currency markets we cover had higher positioning while the other four markets had lower speculator contracts.
Week Ahead: Australia And Canada - Hawkish Hold? US Bill Issuance Jumps
Article By:
Marc Chandler
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Saturday, June 3, 2023 1:20 PM EDT
The week ahead highlights include Australia and Canada central bank meetings. Even if neither hike rates, the rhetoric may turn more hawkish as officials prepare for a possible hike in Q3.
Debt Ceiling Progress, Dollar Higher
Article By:
Marc Chandler
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Wednesday, May 31, 2023 8:54 AM EDT
The US budget agreement passed a House committee vote by 7-6 and the bill is scheduled to be voted on by the entire House today before the Senate take it up with the idea of passing it Monday.
June 2023 Monthly
Article By:
Marc Chandler
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Sunday, May 28, 2023 11:00 AM EDT
June is a pivotal month. The US debt-ceiling political drama cast a pall over sentiment even if it did not prevent the dollar from rallying or the S&P 500 and Nasdaq from setting new highs for the year.
As The Peso Crumbles To Ashes, Argentina Seeks Help From China
Article By:
Mish Shedlock
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Sunday, May 28, 2023 4:27 AM EDT
Argentina wants a bigger currency swap line with China to combat 100 percent inflation.
The Dollar Consolidates After Powell Sapped Its Mojo
Article By:
Marc Chandler
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Monday, May 22, 2023 7:42 AM EDT
Federal Reserve Chair Powell's offered a stronger case for a pause in the monetary tightening before the weekend and this sapped the dollar's mojo. The greenback is mostly consolidating through the European morning in quiet turnover.
Speculator Extremes: MXN Peso, Cocoa, Lean Hogs & 2-Year Lead Bullish & Bearish Positions
Article By:
Zachary Storella
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Sunday, May 21, 2023 9:50 PM EDT
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Currency Speculators Raise British Pound Bullish Bets For 6th Time In 7 Weeks
Article By:
Zachary Storella
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Sunday, May 21, 2023 2:00 PM EDT
The COT currency market speculator bets were higher this week as six out of the eleven currency markets we cover had higher positioning while the other five markets had lower speculator contracts.
Week Ahead: US Debt Ceiling Drama Continues And The Dollar's Two-Week Rally Stalls
Article By:
Marc Chandler
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Saturday, May 20, 2023 8:33 AM EDT
Mostly stronger than expected economic data, hawkish rhetoric by several Fed officials, some signs of progress on the perverse drama over the debt ceiling, and a solid week for bank shares helped the dollar extend its recent recovery.
Lower US/World Wheat Crops, USDA Optimistic On Corn & Beans
Article By:
Jerry Gidel
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Monday, May 15, 2023 5:02 AM EDT
The USDA’s May updates had surprises in its US & World crop estimates that impacted their new-crop supply/demand forecasts this month. The World Board’s initial US winter wheat crop forecast was 100 million bu lower than trade’s expectations.
WASDE Update: USDA’s First Crop Estimates For 2023/24
Article By:
ING Economics
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Monday, May 15, 2023 4:46 AM EDT
The USDA’s first estimates for the 2023/24 marketing year present a soft outlook for corn and soybeans as global supply improves, whilst demand is expected to increase at a modest pace.
The Commodities Feed: Sentiment Remains Negative
Article By:
ING Economics
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Monday, May 15, 2023 3:32 AM EDT
Sentiment remains largely negative for the commodities complex. For oil, the market will be keen to see what revisions, if any, the IEA makes to its global oil demand forecasts later in the week.
COT Speculator Extremes: Peso, 2-Year, 5-Year & SP500 Lead Weekly Bullish & Bearish Positions
Article By:
Zachary Storella
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Monday, May 15, 2023 2:45 AM EDT
This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong moves in the underlying market.
Currency Speculators Push Mexican Peso Positions To 165-Week High As Peso Cruises
Article By:
Zachary Storella
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Sunday, May 14, 2023 7:46 PM EDT
The COT currency market speculator bets were higher this week as six out of the eleven currency markets we cover had higher positioning while the other five markets had lower speculator contracts.