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Posted by Tango
on January 16, 2020, 11:22 am
The OI continues to be small changes. March which is 69% outright volume shows continued long selling by funds mostly and short covering by commercials. In the total, spreads are 50% of the total volume but they are initiated by forward buying. So we have a situation where commercials are covering shorts, buying forwards new, likely consumer, and not selling forwards. Thank you Nagual for sharing your trades. I have had similar luck but itís difficult for me to get short with all this buying.
USDBRL is 4.1792 +0.0039 (+0.09%) USDCOP is 3,317.9199 +21.92 (+0.67%)