1
$\begingroup$

What does CFTC total net contracts number imply about a currency? For example, if total net contract is positive does that mean market is long USD/BRL? Btw I’m checking numbers on Bloomberg, ticker is “CFTC CME Brazilian Real Total Net Contracts/Combined”

Thanks

Improve this question
$\endgroup$

1 Answer 1

Reset to default
1
$\begingroup$

For every buyer of a future, there is a seller so the market is neither long or short by the number of contracts. This is the net weekly change of the number of open contracts by all the trader categories for Brazilian Real Futures traded on the CME.

Improve this answer
$\endgroup$
2
  • $\begingroup$ So does that mean in favor of BRL or not? $\endgroup$
    – TryingtobeQuant
    May 10, 2019 at 12:27
  • $\begingroup$ Neither. It's just the weekly change in the number of open contracts. $\endgroup$
    – AlRacoon
    May 10, 2019 at 12:30

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.