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Commitment of traders report (COT): DXY net-long hits 5-year high

From cityindex.com

Large speculators were their most bullish on the US dollar index since March 2017. • Traders flipped to net-short exposure to euro futures. • Traders flipped to net-long exposure to Canadian dollar futures. • Net-short exposure to Japanese yen futures declined for a fifth consecutive week. {charts} Traders increased their net-long exposure to the US dollar index to the most bullish level since March 2017. This was ahead of the FOMC meeting, and likely due to the leaked report in the Wall Street journal last Monday that the Fed were considering a 75-bps hike. 8,865 short contracts were closed, this is the most ... (full story)

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  • Category: Technical Analysis