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Gold Selloff Seen As "Stop-Loss Liquidation Positioning Reset", Not Fundamentally Driven
Gold Selloff Seen As "Stop-Loss Liquidation Positioning Reset", Not Fundamentally Driven
Gold’s break below key technical support of 4050 to the 4023 low in New York trading on Wednesday appears driven primarily by stop-loss liquidation and positioning rather than a material deterioration in macro fundamentals, according to UBS.
As the bank's trader Marcus Millis writes, "the move flushed out long exposure and left positioning looking more balanced, reducing the immediate risk of further forced selling."
However, he cautions, the broader trading backdrop remains challenging. That's because with front-end USD rates expected to stay...
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Jul 2, 2026 / Tyler Durden
Yen Surges As Jittery Traders Expect Imminent Intervention After Japan Reveals New Strategy To Wipe Out Shorts
Yen Surges As Jittery Traders Expect Imminent Intervention After Japan Reveals New Strategy To Wipe Out Shorts
After plunging to a fresh 40 year low overnight, the yen strengthened sharply against the dollar amid rising speculation that the currency’s continued weakness may prompt a fresh round of intervention by Japan. The yen then surged again after the June US jobs report showed a much weaker picture than expected.
But let's focus on the first, more unexplained move, which took place just after 2:30am ET, when the Yen rose as much...
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Jun 1, 2026 / Tyler Durden
Florida Becomes First State To Sue "Unsafe" OpenAI And Sam Altman Over AI Harms
Florida Becomes First State To Sue "Unsafe" OpenAI And Sam Altman Over AI Harms
OpenAI no longer has to worry about being last in the AI IPO race and lagging ARRs when compared to Anthropic, not to mention a potential Supreme Court showdown against Elon Musk (pending appeal). Earlier today, Florida became the first state to file a lawsuit against OpenAI and its chief executive, Sam Altman, launching a new broadside in a growing rebellion against the alleged safety failings of artificial-intelligence chatbots.
The lawsuit, filed Monday by Florida Attorney General...
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Jan 9, 2023
'We Are Facing The Entire NATO In Ukraine': Kremlin Says, As UK Mulls Battle Tanks
Russian Security Council Secretary Nikolay Patrushev has issued ultra-provocative words claiming that it's not fundamentally Ukraine that Russia is at war with, but that the Russian military is facing all of NATO inside Ukraine.
"The events in Ukraine aren’t a clash between Moscow and Kiev. It’s a military confrontation of NATO, first of all the US and Britain, with Russia. Fearing a direct engagement, NATO instructors push Ukrainian men to certain death," he said in a fresh interview with state-owned newspaper aif.ru.
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