What is really strange (and scary) is that COT report seems to be saying that hedgers are hedging (as usual) but the liquidity seems to be from small speculators.
Big speculators (hedge funds) haven't jumped in yet. This might be because of deleveraging though.
edit: I'm talking euro contract (which is basically EURUSD because it's in USD).
Big speculators (hedge funds) haven't jumped in yet. This might be because of deleveraging though.
edit: I'm talking euro contract (which is basically EURUSD because it's in USD).