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19:52
US CFTC: Hedge funds’ bearish sentiment on the yen reaches highest level since 2007
The net long position in US dollars has reached a new high since 2015.
19:44
Despite a faster supply rebound warned by Goldman Sachs, aluminum prices continue to rise
The London Metal Exchange (LME) aluminum price rose by 0.8%, closing at USD 3,115.50 per metric ton. Wu Kunjin, head of base metals research at Minmetals Futures Co., stated that the market has been supported by some Chinese capital flowing into metal stocks and futures, with these funds betting that producers will deliver impressive profit reports in the first half of the year. Additionally, the metal’s 14-day Relative Strength Index (RSI) recently entered the oversold territory, which some believe indicates the price is poised for a rebound. Expand
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