Tue, Aug 30, 2016
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. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new