CFTC weekly report (W/E Nov 19) points out that after reducing length in previous weeks, the combination of a somewhat less robust USD, lower rates and new uncertainty associated with the US-China trade deal prompted money managers to aggressively increase net gold positioning, notes the research team at TD Securities. Key Quotes “Investors covered short exposure as prices rebounded from the lows. At the same time, the upward price momentum helped to drive long positioning higher on speculation that the uncertain macro environment may prompt rates to continue to decline, which would drive prices through resistance to a higher trading range. While uncertainty continues on the trade and economic fronts, it is likely that it will not be enough to continue a significant long extension into the end of the year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF moves sideways below parity following last week’s rally FX Street 3 years CFTC weekly report (W/E Nov 19) points out that after reducing length in previous weeks, the combination of a somewhat less robust USD, lower rates and new uncertainty associated with the US-China trade deal prompted money managers to aggressively increase net gold positioning, notes the research team at TD Securities. Key Quotes "Investors covered short exposure as prices rebounded from the lows. At the same time, the upward price momentum helped to drive long positioning higher on speculation that the uncertain macro environment may prompt rates to continue to decline, which would drive prices through resistance to a higher trading… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
