Commercial Trader商业性交易商 0 Y9 m0 G% P, | Uses the futures market for "hedging purposes since they are involved in the production, processing or merchandising of a commodity. # C6 V. X3 o2 {5 g Commercial traders are well capitalized & usually provide the "fuel" for market advances/declines. 5 D( ?7 Y2 G: f3 z) L j In foreign currency futures however, commercial positions are less relevant as the majority of trading is done in the forex market. ; `. u e* W+ r$ K Non Commercial Trader (Speculators)非商业性交易商(投机者)# a8 m' c' x( }6 R
Is a market participant who tries to profit from the buying and selling of futures contracts by anticipating future price movements.& c: `' h! a. C/ E/ m. e1 I
Non commercial data is a reliable source of information as it captures trader's positions in a specific market.5 p' t& `% e6 H+ J5 w+ {
Extreme positioning in the currency futures market has historically been accurate in identifying important market reversals. # j5 T4 E- G9 [ Many FX traders rely on the currency futures data to determine future price direction.