Commitment of Traders Report: The Long and Short of It
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By Marc Chandler
NEW YORK (BBH FX Strategy) -- Most observers who look at the weekly Commitment of Traders report in the currency futures market focus on the net noncommercial, or speculative, positioning.
That's because the speculative positions contain information about views while commercials are typically thought of as hedgers (having an underlying business exposure).Observers study the net position because it combines the long and shorts into a number that can be tracked.
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