Treasury capital flows showed foreign accounts purchased $99.1 B in net long
Speculators recently cut their net long
position in COMEX gold to the weakest position since January 2016
London: Fitch Ratings said the depreciation of the Angolan kwanza should not trigger a significant immediate deterioration of capital adequacy in the country's banking sector assuming banks' foreign-exchange positions are largely unchanged from end-November 2017, when the sector had a net long
open foreign-currency (FC) position.
In his new column, Reuters' John Kemp warns that, despite the already record number of long bets on contracts, money managers are continuing to place more, with the number of net long
bets on Brent alone having risen by an equivalent of 14m barrels in the week to Jan.
Data from the Chicago Futures Trading Commission show that hedge funds and speculative accounts ramped up their net long
Euro positions by more than 35,000 contracts to 127,868 in the week to Jan.
Hedge funds and other money managers raised their net long
position in the three main Brent and West Texas Intermediate (WTI) futures and options contracts by the equivalent of 89 million barrels in the week to May 23.
The combined impact of these changes is that hedge funds and other money managers increased their net long
position in crude futures and options by a modest 26mn barrels to 555mn barrels.
Hedge funds and other money managers boosted net long
positions in the three major Brent and WTI futures and options contracts by the equivalent of 48 million barrels.
Downward pressure on prices came largely from speculators, who in a two-month span reduced their net long
positions in ICE Brent and Nymex WTI futures by nearly 75 per cent and 45 per cent, respectively.
Over the same period, hedge funds and other money managers raised their net long
position in US crude futures from the equivalent of 258 million barrels to a record 401 million.
The Commitments of Traders data for the week ended January 29 showed platinum net long
positions rising by 171,150 ounces to 2.72 million ounces and palladium net long
positions up by 357,500 ounces to 2.6 million ounces.
The Commitments of Traders Futures and Options report as of October 2nd for Silver showed Non-Commercial traders were net long
42,948 contracts, an increase of 4,748 contracts.