Question from Benjamin: What is the CFTC and what does it do? Did it cause the GBP’s recent bullish movement?

Posted by Mario Sant Singh 21 January 2013 0 Comment

The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the United States government that regulates futures and option markets.

The CFTC releases a myriad of market reports ranging from Commitments of Traders (COT) to Bank Participation Reports. It also provides the latest press releases for relevant markets events. I am barely scratching the surface here. It is best to go to www.cftc.gov to find more information.

Regarding the GBP rally that you mentioned, many factors influence a currency. I doubt that reports from a regulatory body like the CFTC will have much influence on any currency.

 
To your success as a profitable trader,

Mario

 
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Categories:

Forex Strategies, Forex Trading For Beginners, Forex Trading Strategies, Learn Forex

Tags:

bank participation reports, CFTC, commitments of traders, COT, currency trading, exchange rate, foreign currency, forex, forex trading, futures, option markets, regulatory body, US Commodity Futures Trading Commission, USA

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