The COT Report has already printed a plateau in open interest and may exhibit a turn around based on extreme positioning of traders to one side.
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14 Responses to “USD Running out of sellers?”
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I’ve been watching this too and it certainly looks ripe. It implausibly one sided yet risk appetite has yet to show much in the way of coming off the boil. If there were to be a sudden, rapid cooling of risk then I’d want to be long dollars at that point.
For the record, of course.
I hope not
They try to keep it above 1.4911 to go towards 1.5288 in the next few trading days.
If 1.4911 fails, next support is @ 1.4822 if I’m correct.
All it will take is couple of bad days on NYSE, and we may just be there.
Soon enough boys, soon enough. Obviously the appetite for risk and the “availability” of credit have as they always do in either direction, taken us a bit further than expected, but the sellers are waning in the Dollar. The buyers are waning in equities. It is only a matter of time until governments, funds, and institutions seek dollars in cash as the market reverses its course due to failed expectations for recovery over the next 12 months. Gold has topped or at least shows divergence when it comes to its confirmatory partner Silver, who has yet to make a new all time high, or even prepare to do so. In 2008, the Dollar swung much lower, yet oil was much higher and gold was somewhat lower than today. All very interesting and in my opinion clearly we are headed toward multi-market reversal points.
are u really in hawaii? lucky chap if you are…….
Good Mornings, there is a imteresting news of EUR/USD 1.57 -1.58, 3 or 4 months ago there was an other report of Mizuho Bank they were expecting it 1.37 by the year end…So, stokcs will fall (they say) what will they buy; gold ?(or they just sit in front of Monitors doing nothing and waiting the markets to heal…we should discuss this…
Ali,
Bonds.
Hi, Millward..well, could be what about the earnings ? in an inflation case (in there wasnt a crisis — with that uch printed money what could happen ) Also, do you expect interest rate hike by U.S. before new year ? (even rumuors of RBA re-thinking a interest rate pullback after 0.25 hike)…
Plus I know markets can stay irrational longer than I expect
Well I could be completely over-looking the fact that even though EUR and JPY buying may have already flattened out, the Dollar open-interest still hasn’t seen a downtick.
No, Alexander we too over-looking the subject
So busy with Eur/Usd & Cable..eyes on Dow, Gold & Oil…I am serious about it..over looking because myopia is a bad thing than to over look (I know from myself
Thnaks for the chart Alexandar !…
If My guess is as gud as that of everyone, then a stronger dollar is around the corner.. Expect euro,gbp, and aussie to be down far beyond where they went earlier.