Currency traders are managing to keep their heads above water, but it’s still a good idea to keep a life vest nearby. The Barclay’s Currency Traders Index (CTI) was down slightly (0.13 percent) in June, dropping the index to a gain of just 0.39 percent for the first six months of the year.
What’s worse is that the CTI decline came in a month when Barclay’s five other sub-indices and composite CTA index showed their biggest gains of the year. While the CTI was the best-performing of the seven indices through May, it’s now the second-worst performer, leading only the Agricultural Traders Index, which has dropped 1.59 percent since the beginning of the year.
The CTI, which tracks 114 managed money programs that trade currency futures and/or spot forex, is coming off back-to-back losing years and is trying to avoid its first three-year losing streak in its 20-year history.
The Barclay BTOP FX Index, which tracks the largest investable currency trading programs and accounts for at least half of the investable assets of all programs tracked by Barclay, continues to rise at a slow-but-steady pace.
The index was up 0.75 percent in June, pushing its climb since the beginning of the year to 2.6 percent. As of June 29, the BTOP was at 1,034.11, less than five points from its all time high set on June 22.
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