Select Language

Copper CTAs to abandon their net longs - TDS

Breaking news

Copper CTAs to abandon their net longs - TDS

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.01.23 00:56
Copper CTAs to abandon their net longs - TDS

update 2025.01.23 00:56

Downside asymmetry in the set-up for Copper flows is forming. Range-bound price action is akin to time-decay for trend signals, which lowers the bar for whipsaws in algo positioning, TDS' Senior Commodity Strategist Daniel Ghali notes.

CTAs may turn to building a significant net short position

"Our simulations of future prices point to no reasonable scenario for price action that could lead to subsequent CTA buying activity for the time being, but conversely, the bar is low for CTAs to sell their entire book long."

"In fact, a continued downtape in prices could force CTAs to abandon their net long and flip towards building a significant net short position, in a series of selling programs that could total up to -55% of algos' max size."


Date

Created

 : 2025.01.23

Update

Last updated

 : 2025.01.23

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Forex Today: US data and Trump dictate the sentiment in the FX galaxy

The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0.
New
update2025.01.23 03:46

Mexican Peso stages recovery amid easing Trump's tariffs concerns

The Mexican Peso (MXN) recovered on Wednesday after depreciating by 0.65% against the Greenback on Tuesday.
New
update2025.01.23 03:25

US Dollar mildly recovers as traders assess fresh tariff talk

The US Dollar trades flat on Wednesday after two days of losses as the correction aims to continue.
New
update2025.01.23 03:22

Dow Jones Industrial Average continues to grind higher during midweek headline lull

The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button.
New
update2025.01.23 03:05

Copper CTAs to abandon their net longs - TDS

Downside asymmetry in the set-up for Copper flows is forming. Range-bound price action is akin to time-decay for trend signals, which lowers the bar for whipsaws in algo positioning, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
update2025.01.23 00:55

Any further strength in Gold is likely to lift Silver - TDS

Algos are going to propel precious metals further. Markets expect CTAs will add to their net length in Gold over the coming week, in any scenario for future prices. This bolsters our conviction that the time for caution in gold has ended, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
update2025.01.23 00:52

USDJPY climbs amid renewed US trade tension, steady US yields

The USD/JPY rose in early trading during the North American session, bolstered by Trump's trade rhetoric against Canada, Mexico, the EU, and China.
New
update2025.01.23 00:51

EUR/GBP Price Analysis: Bullish momentum slows near 0.8450 resistance

The EUR/GBP pair advanced modestly on Wednesday, climbing to 0.8450 as it continues to oscillate within a defined range of 0.8440 to 0.8475.
New
update2025.01.23 00:38

AUD/USD Price Forecast: Stage is set for bullish reversal

The AUD/USD pair revisits the monthly high around 0.6300 in Wednesday's North American session.
New
update2025.01.22 23:37

USD/CHF ticks higher SNB brings possibility of negative rates on table

The USD/CHF pair ticks higher to near 0.9060 in Wednesday's North American session.
New
update2025.01.22 22:51

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel