Positive Net Positions for the DXY

17 Okt 2020

For the first time since June, the NET POSITIONS from the CFTC COT WEEKLY DATA, have gone positive. Long positions stand at 20.11k while short positions stand at 19.67k. This is bullish for the US DOLLAR as fundamental data isn't good for equity markets around the world, well, with exception of China, whose growth into the 5 years is likely to hit 25+% - thanks in part to its handling of the pandemic.