Forex & commodities on April 9, 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 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.

The smart money is still very bearish on the Euro (bearish on EURUSD). This is while Europe’s economic indicators are starting to deteriorate a little bit.

Smart money is slightly bearish on the Yen (slightly bullish on USDJPY).

Smart money is slightly bullish on the Canadian dollar (slightly bearish in USDCAD). This comes as Trump wants to reach a quick NAFTA deal.

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.

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

And the smart money is still bearish on oil.

Read Forex & commodities on April 6, 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.

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