Hedge funds and money managers raised their bullish positions on U.S Crude in the latest week as oil prices surged on improved demand outlook after the U.S. delayed tariffs on Chinese goods. 

Meanwhile funds and money managers trimmed their bullish bets on comex gold and cut net long positions in silver contracts in the latest week. 

Gold last week notched its 3rd striaght weekly gain, holding above $1500, near 6-year highs as fears of a slowing global economy and lack of clarity on the US-China trade wars kept gold prices well supported. 

Traders and investors focus now turns to next week's FOMC minutes and the Federal Reserve Annual Symposium at Jackson Hole. 

Where are commodity prices heading next?  Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Crude Oil with the latest price forecast and predictions:

 

 

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Euro rolling into the Asian session flirting with the 1.1000 handle

The common currency, on the daily chart, is trading in a bear trend below its main daily simple moving averages (DSMAs). On Tuesday, the market will pay attention to the German ZEW survey.

EUR/USD News

GBP/USD: Bearish MACD highlights 2-week-old support-line for sellers

Following its pullback from 1.2507, GBP/USD has been on the sellers’ radar with the recent quotes being around 1.2430 amid initial Tuesday morning in Asia. The pair aims to revisit short-term rising trend-line.

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USD/JPY traders getting set for the central banks this week

USD/JPY reversed the initial risk-off plunge and climbed from 107.70 to 108.10, recovering to its pre-weekend levels despite global financial markets following the strike on Saudi Arabia’s oil facilities over the weekend.

USD/JPY News

Investors Nervous Ahead of FOMC

There are four central bank monetary policy announcements on the calendar this week but the Fed's is hands down the most important. Euro and Pound also fell sharply on Monday.

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Gold pulls back to sub-$1,500 region in search of fresh catalysts

With fewer catalysts to rely on, Gold prices trade near $1,497 during Tuesday’s Asian session. The yellow metal benefited from the drone attack on Saudi Arabian oil facilities that destroyed the oil-rich nation’s 50% output.

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