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    OFFICIAL TRUMP5.99
     -0.33%
    5.99
    Gold4200.26
     -0.05%
    4200.26
    EUR/USD1.16695
     -0.01%
    1.16695
    WTI59.047
     +0.42%
    59.047
    USD/JPY154.836
     -0.24%
    154.836
    NAS10025629.9
     +0.12%
    25629.9
    AUD/USD0.66144
     +0.22%
    0.66144
    Brent63.35
     +0.14%
    63.35
    Bitcoin93209.30
     -0.42%
    93209.30

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    Long position VS. short position: Which one is better?
    In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
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    Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
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    DXY: Return of safe haven – OCBC

    Source Fxstreet

    US Dollar (USD) fell overnight as US PPI data underwhelmed. DXY was last at 98.32 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

    Daily momentum is mild bearish bias

    "But USD rebounded this morning, alongside other safe-haven proxies, including CHF, JPY and gold on geopolitical escalation. Israel attacks on Iran also saw >10% jump in brent. "

    "Not surprisingly, risk proxies including AUD and KRW traded on the backfoot. Iran has indicated that they will respond 'harshly'. Geopolitical noises may temporarily distort the USD downtrend and temporarily weigh on risk proxies especially heading into the weekend."

    "Daily momentum is mild bearish bias while RSI shows signs of rising from near oversold conditions. Support at 97.60 (overnight low). Resistance at 99.30 (21 DMA), 99.80 levels (50 DMA)."

    Disclaimer: For information purposes only. Past performance is not indicative of future results.

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