The following are futures positions of non-commercials as of May 31, 2016. Change is week-over-week. 10-year note: On June 14-15, the FOMC meets. This is the year’s fourth meeting, and there will be four more left after this (July 26-27, … Continued
Spot gold potentially had an important session on Tuesday. Since the May 2nd high of $1,306/ounce through Tuesday’s hammer low, the metal gave back eight percent, in the process losing its now-declining 50-day moving average. The Tuesday low likely came … Continued
The following are futures positions of non-commercials as of May 24, 2016. Change is week-over-week. 10-year note: Was that a yay or nay from Janet Yellen, Fed chair? In an interview at Harvard University on Friday, she said that an … Continued
The following are futures positions of non-commercials as of May 17, 2016. Change is week-over-week. 10-year note: More jawboning this week! Last week, three regional bank presidents – Eric Rosengren (Boston), Loretta Mester (Cleveland), and Esther George (Kansas City) – … Continued
The following are futures positions of non-commercials as of May 10, 2016. Change is week-over-week. 10-year note: Three FOMC voting members were on full jawboning mode on Thursday. Eric Rosengren, Boston Fed president, said markets are underestimating the likelihood of … Continued
There is a lot of excitement among non-commercial futures traders about spot gold’s prospects. In the 12 weeks since February 9th through May 3rd, they nearly tripled net longs in gold futures – from 98,428 to 271,648 contracts – to … Continued
The following are futures positions of non-commercials as of May 3, 2016. Change is week-over-week. 10-year note: Last week, the Bank of Japan shocked markets by not adding to its stimulus program. The yen jumped 2.4 percent. This week, the … Continued
The following are futures positions of non-commercials as of April 26, 2016. Change is week-over-week. 10-year note: Two different central-bank meetings, and two different market reactions this week. Haruhiko Kuroda, Bank of Japan governor, has a habit of surprising the … Continued
The following are futures positions of non-commercials as of April 19, 2016. Change is week-over-week. 10-year note: That this is even being discussed in the press and among economists is a sign of how insane things have gotten in central … Continued
The following are futures positions of non-commercials as of April 12, 2016. Change is week-over-week. 10-year note: Glass half full or half empty? Yet again, the IMF issued a downward revision to its prediction for global GDP growth, cutting 2016 … Continued