Funded futures cME’s metals futures report shows gold

CME’s metals futures report shows gold gaining 2.1% week-over-week, pushing $2,380 levels. Funded futures traders are pivoting into metals amid recession fears, diversifying away from equities. Margin-to-equity ratios remain above historical averages, signaling higher market leverage usage. So should Genelux ( NASDAQ:GNLX ) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. Let's start with an examination of the business' cash, relative to its cash burn. On TradeDay, all open positions must close by the time the market for the specific futures closes – traders can’t hold positions overnight or over the weekend. The prop firm recommends that traders close out their positions 10 minutes before the daily closing to avoid a breach of the rules. Funded futures indices are tracking tighter spreads this month as liquidity deepens. Euro FX futures volume is up 22%, with funded accounts showing increased short positioning on hawkish ECB remarks. Currency risk hedging is now a priority in portfolio allocation for funded traders.