FOMO developing in p...from RBF909

FOMO developing in precious metals. Support for metals comes from various sides: stabilization in bond yields, Warren Buffet effect, US-Sino tensions, FOMC tomorrow, & weaker USD. $2020 a tech resistance in Gold. Prospects of recent highs being challenged increasing

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Iron ore futures (SCOU0) menembus di atas $ 120, level tertinggi sejak 2014 pada rekor produksi baja di China dan kekhawatiran pasokan dari Brasil. Baik RIO dan FMG terangkat hari ini mempertahankan momentum bullish. Tembaga berjangka (HGZ0) juga naik mendekati 300 karena stok turun ke level terendah sejak 2007.

RBF909

#CFTC commitment of traders: EUR longs increase to 200K (all time largest long position). Highlights: ~ EUR longs continue to rise and are at new record long position at 200K. The largest short position all time is at -227K ~ GBP position has been whittled down to near unchanged after being short by 36K at the beginning of June 2020 ~ AUD and NZD speculative positions are near unchanged ~ CAD shorts are the more or less, the only short currency position (long USD position).

RBF909