Dollar: speculators are more determined than headers

according to COT (Commitements of Traders), provided by the commercial trade in commodity futures (CFTC) – in a week that ended in the last Tuesday, large speculators (Non -Commercial) increased the clean position for the purchase of the dollar index by 0.9 thousand contracts before 25.8 thousand. Large speculative players increase a clean position to buy 2 weeks out of the last 3. A clean position has become maximum since November 15.

Hedgers (Commercial) increased the net position for the sale of contracts for the dollar index by 0.9 thousand contracts Until 28.5 thousand heders-operators are building a clean position for sale also 2 weeks out of the last 3. A pure position began to grow from the minimum levels from September 7, 2021. Open interest increased by 3 thousand contracts to 48.1 thousand. Bull -shaped index of large speculators (the ratio of the number of contracts for the purchase for the number of contracts for sale) decreased by 0.23 to 2.98 per week (due to an increase in sales).

resume

data from COT reports for the dollar index (USDX) reflect the growth of bull moods for American currency. After a week The traders have renewed a break in an increase in a clean position on the USD growth. At the same time, the pure position of large speculators has become maximum over the past month. Large funds increased the purchases of the dollar by 7% per week. The continuation of this trend can contribute to the growth of the American currency.

at the same time, large speculators increased sales, and some of them did not exclude the continuation of the dollar. Less than the USD include headers, the pure position of which for three weeks ranges in the lateral range.