Markets: Metals Continue to Dip, Crude Oil & Gasoline Fall Sharply, Bonds on the rise...

by Andrea Unger

Need More Help? Book Your FREE Strategy Session With Our Team Today!

We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.

BOOK YOUR FREE STRATEGY SESSION NOW >>

It was a quieter week than the previous ones for the markets despite the U.S. inflation rate exceeding 9%.

We saw slightly negative 5-day returns for stock indexes. The bonds showed some positive returns instead.

Energy futures, Metals, Soft commodities, and Grains suffered losses.

On the other hand, the strength of the US Dollar continues. During the week, the Euro-Dollar exchange rate even touched parity.

To learn more about how the markets are moving and the volatility trend, don't miss our weekly overview!

Enjoy the video!

Transcription

Hey everyone and welcome to this brand new video! One of the coaches at Unger Academy here, and this is our usual chat that we have every weekend about what happened on the markets over the last five days.

Alright, so it was a calm week on the markets, despite the Fed's announcement of a further increase in the inflation rate that exceeded 9%.

As you can see, the stock indexes were slightly negative compared to last week.

By contrast, bond indexes seemed to have found an upward trend again. Among them all, the rise of the Euro Bund stands out, which seems to be quite steady and solid.

Mixed returns, on the other hand, for energetics, where Crude Oil and Gasoline fell sharply, losing as much as 6-7% in the course of this week alone. However, Natural Gas reached close to seven points.

On the other hand, as far as the Metals are concerned, we had very negative returns both in the short and medium term, but also in the long term as well. I am referring especially to Copper, which lost 10% this week alone. But, of course, the situation can be extended to Silver, Platinum and Gold as well.

Meats, on the other hand, remained slightly positive, and just as with metals, all soft commodities, and Coffee in particular, experienced a sharp decline in their prices, with very high short-term volatility.

The same is also true for Grains. Wheat scored as much as -10% in this week alone.

Lastly, among the currencies, the strength of the US dollar stands out, which again this week saw the Dollar index rise by quite a bit, and the Euro-Dollar exchange rate even touched the parity threshold.

Let's take a final look at the general trend in cryptocurrencies using Bitcoin as a reference. After a sharp drop that took place in early June, it appears that there is a new trading range period, very similar to what we experienced during the month of May.

Let's take a quick look at the term structure of volatility, hence the Vix. After a small drop at the beginning of the week, the market seems to have recovered, thus bringing the Vix, the index of fear, to period lows of around 25 points.

Now the rollover schedule for next week. We have got Crude Oil to rollover this weekend, so between Friday and Monday, and at the end of next week Natural Gas, of course taking us from August to September for both futures.

Alright for today, the overview of markets ends here.

If you need help and are interested in getting started to invest in the markets systematically as we do, then I recommend that you click on the link below this video. It will take you to a page full of very useful resources. From there you can register for a free presentation by Andrea Unger, get our best-selling book "The Unger Method" covering only the shipping costs, or even book a call with a member of our team to get some free strategic advice. No obligation.

Finally, I'd like to remind you, if you haven't already done so, to subscribe to our channel and click on the notification bell so you can be promptly notified of the release of all our new videos and all our new content.

I also invite you to again leave us a Like on this video, if you liked it, and to write below in the comments if you'd like to see other topics on systematic trading discussed. The floor is open.

And that's it for today! Have a great weekend, and I will see you next week. Bye bye for now!

Need More Help? Book Your FREE Strategy Session With Our Team Today!

We’ll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.

BOOK YOUR FREE STRATEGY SESSION NOW >>

Andrea Unger

Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.

I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems. 

In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.

Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.

Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.