Highlighting the COT Currency data this week is the US Dollar Index which continued to creep up a little higher in the past few weeks. The dollar index speculative positions edged up higher by 466 contracts this week following an increase by just 525 contracts the previous week on November 2nd. The speculator positioning had fallen for the first time in ten weeks on October 26th before these past two small bullish increases. The USD positions have been on such a roll that bullish bets have gained in nineteen out of the past twenty-one weeks (net total gains of +37,751 contracts) and reached an approximately two-year high-point on October 19th. Currently, the USD Index maintains a bullish-extreme strength index level.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.