CFTC Commitment of Traders data shows that speculators remain heavily net-short the US Dollar against the Euro, British Pound, Canadian Dollar, Swiss Franc, and Australian Dollar.
The 10-day Daily Sentiment Index currently shows less than 10% US Dollar bulls. This is a similar level to previous major bottoms. The US Dollar could fall further but given such extreme bearish sentiment we're getting close to a reversal in trend.
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CFTC Commitment of Traders data shows that speculators remain...
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Glen Diemar, MD
Glen Diemar
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