speculative short-covering can quickly fuel an unexpected price advance. While the corn market represents an obvious example with the divergence between commercial and non-commercial net positions at historical extremes, sometimes hints in the CFTC COT data are more subtle...
Daniel Ivascyn rode one big trade all the way to the top of the bond-market universe: speculative mortgage debt that he scooped up on the cheap in the wake of the great financial crisis. It made a fortune and, in turn, made everyone forget about the messy departure of his predecessor ...
delivery, etc. The Open Interest is the sum of all long or short positions [1]. For example, if the sum of all long positions in the market is equal to 1000 contracts, it means that the sum of all short positions in the same market, too, is equal to 1000 contracts...
The benefits of this approach are twofold: (1) the model is able to track changes in the underlying business cycle, and (2) the model explicitly incorporates data on the net positions of money managers as a proxy for speculative activity. After verifying the sensitivity of our results to ...
Speculative net long positions in the euro rose to nearly year-to-date highs, slightly above the 100K mark. This increase was also reflected in the long/short ratio and in the net shorts held by Commercial players. EUR/USD experienced a gradual decline, but this downward movement has so ...
According to the Commodity Futures Trading Commission (CFTC), market participants remain in net short speculative positions against the US dollar on all major currencies, except the euro and the Swiss franc. The largest net short position is seen in descending order on the Japanese yen, the Austr...