The Barclay’s Currency Traders Index finished 2007 on a high note and has carried that momentum into 2008.
The CTI, which is comprised of 114 managed money programs (currency futures and spot forex), started out the year with a 2.47-percent gain in January — just a little less than it gained in all of 2007, its first positive year since 2004. The index has had only four losing years since being launched in 1987, although two of them came in 2005 and 2006.
All seven of Barclay’s indices began the year with positive months, with the benchmark commodity trading advisor (CTA) index up 7.6 percent.
The Barclay BTOP FX Index, which tracks the largest currency trading programs, was not as fortunate in the year’s opening month. The index fell 1.23 percent in January, closing at 1,017.63.
The index closed 2007 at 1,033.09 after reaching a monthly high of 1,038.75 on Dec. 12. The all-time high of 1,053.60 was set in late July.
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