United Kingdom CFTC GBP NC Net Positions increased to £-80.4K from previous £-107K

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day’s monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical…

Read more

United States CFTC Gold NC Net Positions declined to $199.9K from previous $207.9K

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day’s monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical…

Read more

What It Means and How to Get Started

A trader recently asked: “Why trade Bitcoin? What’s it gonna do, 2x, 3x? These days stocks can do that. So what’s the point?” It’s a reasonable question, but it misses something fundamental about trading: leverage. Traders don’t necessarily need Bitcoin, gold or a stock to double in price to achieve a substantial percentage return on their trading capital. Depending…

Read more

United States CFTC Oil NC Net Positions down to 89.3K from previous 100.3K

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day’s monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical…

Read more