The geopolitical tension continues with reports that Trump had a tense call with Israel Netanyahu on Lebanon. Trump wants Israel to slow down its bombings on Lebanon while negotiations for a cease-fire continue with Iran. Netanyahu does not want to stop the bombing. In other geopolitical news: Iran also wants the release of blocked assets prior to the commencement…
Eurozone CFTC EUR NC Net Positions: €-7.5K vs previous €0.5K
In an interview with the New York Post President Donald Trump said US warships are being reloaded with “the best ammunition” in case strikes on Iran resume Warned military action will follow if peace talks fail Said outcome of negotiations should be known within ~24 hours Peace talks taking place in Pakistan (Islamabad) following a two-week cease-fire US delegation…
Australia CFTC AUD NC Net Positions dipped from previous $81.5K to $70.8K
The S&P index has dipped into negative territory with the price is now down 5 points or -0.08% at 6819.25. The low price reached 6818.42. The NASDAQ index is still higher by 66 points or 0.29% but trading at session lows. The Dow industrial average is down 223 points or -0.47%. The S&P index is still above its 100…
United States CFTC Gold NC Net Positions: $156.3K vs previous $163.2K
The major European indices are closing the day with mixed results. The gains were led by Italy’s FTSE MIB which is closing just below its all-time high price reached back to 2000 at 48909.04. Spain’s Ibex close at 18204.31, which is getting close to its all-time high close of 18573.83. A look at the daily closes shows German DAX…
United States CFTC Oil NC Net Positions down to 202.2K from previous 213.5K
The Fed nominee Kevin Warsh nomination hearing scheduled for next week is to be delayed. This is according to the New York Post. No new hearing date scheduled yet Delay due to Senate Banking Committee awaiting required paperwork Committee must give at least one week’s notice before holding the hearing Deadline to proceed as planned was missed (paperwork not…
United Kingdom CFTC GBP NC Net Positions: £-56.4K vs previous £-52.7K
