CFTC COT: Forex Weekly Report 18-11-2020

Hello big boyz. Markets shrug USA Election and life comes back to normal. Now we should expect a “second wave” narrative on this endless COVID-19 bullshit. Let’s see what we have for this week, but you know before you jump to the next line follow don’t forget to follow me @leohermoso

US DOLLAR

The U.S. Dollar index on ICE Futures is technically flat with only 1k contracts short, and the price return to a well-known support at 92.2. Looking at the Synthetic DXY index created mixing COT Data for EUR, AUD, NZD, GBP, CHF and JPY the situation is different with DXY extremely short, a position only seen in November 2016.

A more vigorous  response to US Elections was expected, but what’s seems to me now is “COVID-19/Vaccine”  is the new RISK ON/OFF. I prefer USD longs, but a breakout of the current support is expected. I will be there waiting to buy it.

DXY WEEKLY

DXY WEEKLY

DXY Synthetic COT DATA


The following content is restricted to members, and will be public in two weeks. Subscribe and stop looking at charts, get alerted!

EURGBP



The following content is restricted to members, and will be public in two weeks. Subscribe and stop looking at charts, get alerted!

Sugar


The following content is restricted to members, and will be public in two weeks. Subscribe and stop looking at charts, get alerted!

COPPER | AUDUSD

That’s it my friends! I hope you all can make some money out of this info and if have doubts or want to hear about or currency/commodity leave a reply!
Best regards
Leo Hermoso
1

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.