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No metal buying programs in the near future – TDS

CTAs are being whipsawed in Copper and Aluminum following President Trump’s dampened tone with respect to tariffs on China, TDS’ Senior Commodity Strategist Daniel Ghali notes. Trump’s tone shrinks the number of Copper and Aluminum CTAs “The stronger price action…

Retreats below 0.8450 toward 200-day SMA

EUR/GBP struggles to sustain uptrend, facing resistance near 0.8473. Pair tests 200-day SMA at 0.8422; could revisit year-to-date high if support holds. Potential downward move targets 100-day SMA at 0.8348 if support breaks. The EUR/GBP failed to extend its gains…