Only problem are they squaring positions in pre for a new rally in EUR/USD. Or are a new set of hedgers (US exports, EU imports) entering long positions on the assumption of a reveral and a new EUR/USD decline?
If I had to guess I would say that the CHF/USD is a much smaller currency pairs in terms of volume and as such the signals that it gives are going to be more erratic.
In september 2003 the hedgers where net long CHF/USD and yet the CHF/USD rallied strongly.
About the inverse relationship:
In forex EUR/USD and USD/CHF
In COT EUR/USD and CHF/USD
Thus in forex there is going to be an inverse relationship in COT there is going to be a direct relationship. Just depends on how the cross is quoted (i.e. which is the base currency and which is the selltement currency).
I guess if hedgers are net long while the trend is up it is even more bullish than is hedgers where only somewhat short while the trend is up.
right click on the picture
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open a imaging program (start, programs, accessories, imaging)
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I was also thinking that if hedgers are net long CHF/USD they are factoring in an extreme geo-political threat. As the CHF is a safe haven par excellence.
How is the posting of charts/pictures going. Maybe to copy a chart you need to use the print screen button in your charting program as opposed to the plain copy. Then just paste the chart in as above.
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