Saturday, January 27, 2007

Yen and Pound Speculative COT positions As of last Tuesday

1/27/07 Yesterday's COT report for postitions as of Tuesday showed record breaking extremes for these currencies. GBP/JPY peaked on Tuesday to 241.40 then dropped to 238.20 by friday.
COT is suppose to be a contrarian indicator. Problem is that the data is released on 3 days after the fact.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home