Copper

Goldman Issues Two Different Price Targets On Gold In The Same Day

Goldman 1: "We are maintaining our end-of-year gold price forecast of $1250/toz barring a substantial escalation in North Korea."
Goldman 2: "Gold has targets in the area of 1,375-1,380. Target/turn neutral at 1,375-1,380. Add on pullbacks towards 1,300."

Global Stocks Shake Off North Korea Jitters; Chinese Yuan Slides

Traders are eager to buy the latest dip, as US futures pared yesterday's losses before markets reopen after the Labor Day holiday, as global stocks looked to put any North Korean unpleasantries into the rear view mirror and assume another happy ending:

FX Week Ahead - Fast Money Algos Stretch The Limits Again, Time For Redress

A common feature of the currency markets these days is to push the established themes and narratives as far they can be, and at a time when the USD is suffering on all fronts, fast money accounts are using thin market conditions to their advantage. Friday's price action emphasised this completely, as all it took was the absence of policy talk from Fed chair Yellen at Jackson Hole to set off another hit on the USD.