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
　　Uses the futures market for "hedging purposes since they are involved in the production, processing or merchandising of a commodity.
% O5 A3 r( A$ T) ]! m　　Commercial traders are well capitalized & usually provide the "fuel" for market advances/declines.
, O" H4 h* O' t% {　　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）
　　Is a market participant who tries to profit from the buying and selling of futures contracts by anticipating future price movements.
. U9 h2 R9 A/ P, Y$ z+ U　　Non commercial data is a reliable source of information as it captures trader's positions in a specific market.
# V; M9 a, ^9 k9 ^% a# M/ o5 M　　Extreme positioning in the currency futures market has historically been accurate in identifying important market reversals.
9 O+ t3 y, J, k' J+ L8 I　　Many FX traders rely on the currency futures data to determine future price direction.