Kathy Lien
BK Asset Management
How to use CFTC Commitment of Traders (COT) report to trade forex.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD remains below 1.0600 amid safe-haven flows, awaits ECB Lagarde's speech
EUR/USD faces challenges due to safe-haven flows amid escalating Russia-Ukraine conflict. Traders anticipate that the incoming Trump administration's pro-inflationary policies could support the US Dollar.
GBP/USD rises above 1.2700 after UK inflation data
GBP/USD trades marginally higher on the day above 1.2700 in the European morning on Wednesday. The data from the UK showed that the annual inflation, as measured by the change in the CPI, rose to 2.3% in October from 1.7% in September, supporting Pound Sterling.
Japanese Yen remains depressed against USD, seems vulnerable near weekly low
The USD/JPY pair extends the overnight turnaround from over a one-week low. Fading safe-haven demand, along with the BoJ uncertainty, undermines the JPY. Bets for a less aggressive Fed easing lend some support to the USD and the pair.
Editors’ Picks
GBP/USD rises above 1.2700 after UK inflation data
GBP/USD trades marginally higher on the day above 1.2700 in the European morning on Wednesday. The data from the UK showed that the annual inflation, as measured by the change in the CPI, rose to 2.3% in October from 1.7% in September, supporting Pound Sterling.
EUR/USD remains below 1.0600 amid safe-haven flows, awaits ECB Lagarde's speech
EUR/USD faces challenges due to safe-haven flows amid escalating Russia-Ukraine conflict. Traders anticipate that the incoming Trump administration's pro-inflationary policies could support the US Dollar.
Gold looks to test offers at $2,660 amid cautious optimism
Gold price stays on the front foot early Wednesday, looking to regain the $2,650 barrier as the road to recovery extends for the third straight day. Traders now await the upcoming speeches from US Fed policymakers and Nvidia’s earnings report amid lingering geopolitical concerns between Russia and Ukraine.
XRP on the verge of a rally to $1.96 as investors maintain bullish sentiment
Ripple's XRP exchange reserve decline and open interest growth reveal strong bullish sentiment among investors. XRP's estimated leverage ratio shows investors are taking high leverage risk, and a correction often ensues when the ratio peaks.
How could Trump’s Treasury Secretary selection influence Bitcoin?
Bitcoin remained upbeat above $91,000 on Tuesday, with Trump’s cabinet appointments in focus and after MicroStrategy purchases being more tokens.
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