Loading ...Avi: Re Dollar Bulls at 96% ?
Where do you get this ?
A poster here Argentaurus is an ex professional currency trader
He has pointed out that the DX does not trade with any significant volume and that its the Euro Futures you must follow to see sentiment. As the Euro futures trade massively compared to the Dollar Index ( which is basicly an inverse of the Euro)
Here is the Euro COT as of Fridays report. Not in the least Bearish nor Bullish !
The Specs are still reasonably Bearish( not extremely) . The Commercials are of course on the other side but this is NOT one sided !! Reading says Specs are 39% Bullish ( so 61% Bullish on the Dollar) ( Not 96%)
EDIT…Holey Molars..Look at the Yen COTS…Now this is Unbalanced and Unstable
What this implies is that Yen Speculators are massively..likely historically ( hysterically) Bearish on the Yen right now
A contrarian’s wildest dream…The Commercials are the smart guys ..right >? and what do they think ?
Yikes…this should be a Gold Positive.
DSI (daily sentiment index) is at 76 as of friday’s close on the US$ and Yen @ 25
silver @ 25 and gold @ 23
Thanks Silverfox. I cant see anything ever being 96%…I suppose there are different ways to measure Sentiment But Still…Even 76% sounds high
Incredible Yen! Thanks FGC! I had no idea, Maybe my kid should buy ski tickets and lodging Now for spring trip?
I posted McClellan a few weeks back, who noted that holding gold is tantamount to being long the yen.
I think the yen shorts STILL have a bit more life in them … might take a few more days to manifest … but the rest of Jan (at least) should be their’s.
The contrarians should step in at some point though, yes.
valuable info!
I have not seen the update, but as of two weeks ago or so, it was around 96% DSI when it was hitting my long term target of 103.50.