CTAs are being whipsawed in Copper and Aluminum following President Trump’s moistened tone with regard to tariffs on China, TDS’ Senior Product Strategist Daniel Ghali notes.
Trump’s tone diminishes the variety of Copper and Aluminum CTAs
” The more powerful cost action over night is most likely to catalyze significant algo purchasing activity at a loss metal, however the set-up for algo streams still does not look terrific with our simulations of future rates recommending that no situation for cost action over the coming week will bring in subsequent purchasing programs.”
Source: FXstreet.