金融英语辅导资料之银行业务与管理18

会计考友

　　Commercial Trader商业性交易商
' Z' e( |2 I, o; I6 r7 P2 f　　Uses the futures market for "hedging purposes since they are involved in the production, processing or merchandising of a commodity.
4 o- D4 S% M0 t  a" ?; H5 Y9 P  f/ {　　Commercial traders are well capitalized & usually provide the "fuel" for market advances/declines.
　　In foreign currency futures however, commercial positions are less relevant as the majority of trading is done in the forex market.
　　Non Commercial Trader (Speculators)非商业性交易商（投机者）
# X1 u( N0 [# h* H1 Y! y/ `　　Is a market participant who tries to profit from the buying and selling of futures contracts by anticipating future price movements.
& z  |% {: @/ u- L　　Non commercial data is a reliable source of information as it captures trader's positions in a specific market.
　　Extreme positioning in the currency futures market has historically been accurate in identifying important market reversals.
! q! c: i8 ]6 n　　Many FX traders rely on the currency futures data to determine future price direction.