U.S. dollar subject of another Fed dilemma?

Market Pulse for June 6

COT Data

In the COT report, you can see all the way back to Feb. 1, 2013 big money started a bull posture as the U.S. Dollar Index was bouncing off of 79.000. You can see this very clearly as Dealer Intermediary added to net shorts. This past week we saw a very slight drop of net shorts by Dealer Intermediary to -28,640 contracts.  Leveraged Funds dropped net shorts to -5,531 contracts, Asset Managers are net long at 7,204 contracts, and Other Reportables dropped net longs to 15,350 contracts. Overall a bear move this past week.

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Proceed to Page 3 for this week's detailed fundementals...

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