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Posted by Tango
on November 25, 2019, 9:34 am
The increase in the OI indicates new vs. new. EFPs guessing that In March they are a liquidating factor and the remaining months are new, possibly origin. Otherwise, who are the main buyers and sellers. Probably commercials are selling together with others. Have the funds turned positive, or are they abstaining and some other sector is buying new? The COT showed a net short position of 10k approximately for managed money. Maybe they got flat by Friday and are now buying new? In any event, today the market is steady as the buying remains constant and the selling sporadic. USDBRL is 4.2098 +0.0136 (+0.32%) and USDCOP is 3,420.4099 -2.34 (-0.0684%).