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The Moment of Truth - US Dollar The Fed has the markets back - as seen in the equities market. Euro/Pound are screaming higher, because the news is better there - with that said Fed has been adding liquidity to the system but so has the ECB -$1.52 trillion in stimulus. Bond Market is saying hey equities no so fast - and to be clear the US Bond market is bigger! Interesting inflection point - this is the moment of truth, for US Dollar, equities, bonds and gold too. Grab you popcorn and enjoy the show. TVC:DXY
TVC:DXY
by Maximilianned
Speculators’ net short U.S. dollar The move is in - easier to go long at this point than try to short the US Dollar or by proxy every other currency pair featuring the USD. At worse you know where to put your stops. After today's move away from the precipice the decades long trendline continues to hold. TVC:DXY The mainstream media in this case Reuters has been reporting this for months. This record short position is the fuel longs need to take the USD higher. If the US Dollar does move higher expect Silver and Gold to come off. For now if you're looking to go short - I would let the trendline break before entering. NEW YORK (Reuters) - Speculators’ net short U.S. dollar positioning soared to the highest since August 2011, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position hit $24.27 billion in the week ended July 28, from net shorts of $18.81 billion the previous week. Reporting by Gertrude Chavez-Dreyfuss July 31, 2020 / 4:23 PM
TVC:DXYLong
by Maximilianned