Fri, Oct 9, 2015
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. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko