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
big movers
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 Synthetic COT DATA
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EURGBP
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Sugar
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