Gold Silver Reports – Gold Futures Post Highest Close Since 2016 in Heavy Trading — Gold futures settled at the highest since August 2016, as investors got behind a rally brought on by a falling dollar. Volume soared in the futures market, with trading more than double the daily average.
Asian Stocks Mixed; Dollar Drops to Three-Year Low
Gold Silver Reports – Asian Stocks Mixed; Dollar Drops to Three-Year Low – The rally in Asian stocks stalled Wednesday even after U.S. stocks rose for a third day. The yen strengthened as the dollar resumed its decline.
Long Volatility on U.S. Stocks Before Their Earnings Reports
Gold Silver Reports – Keep a bias toward long volatility on U.S. stocks before their earnings reports, JPMorgan Chase & Co says.
The options market is expecting earnings-related volatility to be roughly in line with the historical average, but a larger-than-normal risypremium is justified by “the important and idiosyncratic tax reform data point accompanying companies’ earnings reports,” JPMorgan strategists Shawn Quigg, Marko Kolanovic and Bram Kaplan wrote in a report.
CrudeOil MCX Sell on Rise, Downside Target 3960—3890
Gold Silver Reports – CrudeOil MCX Sell on Rise, Downside Target 3960—3890 — Technically Crude Oil market is under fresh selling as market has witnessed gain in open interest by 77.33% to settled at 15690.
Copper MCX Sell on Rise, Downside Target 449—444
Gold Silver Reports – Copper MCX Sell on Rise, Downside Target 449—444 – Technically Copper market is under fresh selling as market has witnessed gain in open interest by 6.85% to settled at 12282 while prices down 2.25 rupees.