Forex & commodities on April 2, 2018: outlook


Here are my discretionary thoughts on forex and commodities. I only trade the stock market.
Go to the homepage for my latest thoughts on forex and commodities.

Thoughts

  1. The smart money is bullish on the U.S. Dollar, bearish on the Euro, neutral on the Yen, and neutral on the Canadian dollar.
  2. “Smart money” commercial hedgers are slightly bearish on gold, very bullish on silver, and very bearish on oil.

1 am: The smart money is bullish on the U.S. Dollar, bearish on the Euro, neutral on the Yen, and neutral on the Canadian dollar
The U.S. Dollar is fluctuating in an extremely narrow range, and “smart money” commercial hedgers are still bullish on it.

But you can see that they are becoming less and less bullish on the USD the longer the USD consolidates. The longer this USD consolidation drags out, the less of an edge traders and investors have. Nobody knows whether the USD will breakout or breakdown.
The smart money is still very bearish on the Euro (bearish on EURUSD).

Smart money is completely neutral on the Yen (USDJPY).

Smart money is neutral on the Canadian dollar.

1 am: “Smart money” commercial hedgers are slightly bearish on gold, very bullish on silver, and very bearish on oil.
The smart money is still slightly bearish on gold, although they are becoming more neutral.

Conversely, the smart money is becoming EXTREMELY bullish on silver.

And the smart money is EXTREMELY bearish on oil.

Read Forex & commodities on March 30, 2018: outlook

Bottom line

I only trade stocks. These are just my thoughts/outlook on other markets.

  1. Gold and silver are in bull markets.
  2. I’ve decided to buy some gold and silver as long term investments.
  3. The U.S. Dollar is in a bear market.

Leave a Comment