#Dollar #Euro #Yen #currencies $USD $DXY $EUR $JPY USD hangs near a 2-month high Vs at a basket of peer currencies on Monday as investors look to lots of upcoming economic data and political developments in the US before making any fresh bets on the Buck. Data on USD futures positions released Friday pointed to […]
Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017. Getting back there would require an astounding 78.6-K contracts of short-covering buying. […]
Traders Buying Corn, Selling Soybean and Wheat $CORN, $SOY, $WEAT Speculators were pegged last week by trade sources as net buyers of Chicago-traded Corn, Soybeans and Wheat, but their Corn views did not budge, and they were net sellers of Soybean and Wheat. Despite a drop in exportable Wheat supply worldwide, US exporters have yet […]
Crude Oil Taps 3-Month Lows, US Supply Glut Swells $OIL, $USO, $BHI Crude Oil (OIL, USO) hung around 3-month lows Monday on rising inventories and drilling activity in the United States. After 2 + months of reduced production from the Organization of the Petroleum Exporting Countries (OPEC), the market is facing evidence that US production […]