According to the Commitments of Traders (COT) report on insider-week.com, non-commercial banks, also known as speculators or large hedge funds, have been increasing their net long positions in the forex market. This suggests that they are bullish on certain currency pairs.
For example, the COT report shows that non-commercial banks have been increasing their net long positions in the EUR/USD and GBP/USD pairs, indicating a bullish outlook for these currency pairs. Conversely, they have been reducing their net long positions in the USD/JPY pair, suggesting a bearish outlook for this currency pair.
Overall, the COT report provides insights into how large traders, such as non-commercial banks, are positioning themselves in the forex market. While this information can be useful for informing trading strategies, it’s important to keep in mind that financial markets can be unpredictable, and it’s crucial to do your research and seek advice from professional sources before making any investment decisions.
So looking for trading opportunties with this in mind!
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