The document discusses the profitability of non-commercial positions in currency markets, highlighting that profit seekers have consistently made money since 1993, often at the expense of commercial users. It includes analysis of currency speculators' ability to predict currency directions and the impact of FX volatility on profits. The document also presents tabular data on average weekly P&L for profit-seekers and liquidity-seekers from 1993 to 2013, and specific currency positions in 2010-2013.
doj/DataSet10/EFTA01451144.pdf
{"title":"EX Blueprint Thin end of the wedge","key_people":["Daniel Brehon"],"document_date":"2014-01-09","document_type":"tabular","key_locations":["New York","London"],"key_organizations":["Deutsche Bank","Bloomberg Finance LLP","Reserve Bank of Australia"],"reference_numbers":["DB-SDNY-0107387","SDNY_GM_00253571","EFTA01451144"]}