Mon, Jun 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Opinion on commodities is split according to CMC's clients

Thursday, May 02, 2013

Beverly Chandler, Opalesque London: The April trading update from CMC Markets finds that the debate on the volatile gold price is splitting sentiment on commodities. The firm writes: "Sentiment on the direction of commodities is split almost equally after price volatility – particularly on metals – in April, with gold suffering a one-day drop of 9.2% on the 15th." CMC reports that 52% of our clients went long commodities in April, compared to 45% a month ago. 55% of our clients trading gold took a bullish view, compared to 48% in April.

However, despite divided opinion, commodities trading grew in popularity in April with CME reporting that the number of commodities trades placed by clients was up 9% in April compared to March as clients looked to capitalise on the volatility.

"Confidence in the major indices was shaken by the pull back in commodity prices" CME writes with 76% of their clients taking a bearish stance towards the FTSE 100 in April, perhaps because of its heavy weighting towards natural resources. Overall, 72% of CMC’s clients trading indices took a bearish view.

Stocks fared better with sentiment towards stocks softening slightly in April as 83% of CMC’s equity clients taking long positions, down from 86% in the previous month. Treasuries were the most bearish of the asset classes in April with 85% of CMC’s clients’ money going short, although this represents a drop from 93% in March.......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.