Everything I say may appear slightly contrarian when viewed using the COT index as an indicator but the British Pound is a good example at present which I hope will make the point with a little explanation. At present the Commercial futures holders are net...
COT Index – Weekly Chart British Pound (GBP) 23rd March 2009
The COT index for the British Pound shows the important turn back in week 32 when the pound stopped rising against the US dollar and started to reverse. The most recent data would seem to suggest that the British Pound has not stopped falling despite...
