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  • Hedge Funds Are Short on the US Dollar for First Time in Two Years

    From bnnbloomberg.ca

    Hedge funds turned bearish on the dollar for the first time since May 2018, an indication that a summer slump in the world’s reserve currency will be prolonged. Net futures and forward positions held by leveraged funds against eight other currencies dropped to minus 7,881 contracts last week, according to data aggregated from the Commodity Futures Trading Commission. The swing was driven by growing bullish bets on the euro. The dollar has come under increasing pressure since late March after the Federal Reserve pledged unlimited liquidity to support an economy hurt by the coronavirus pandemic. The central bank’s ... (full story)

  • #1
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  • Aug 17, 2020 4:37am Aug 17, 2020 4:37am

an indication that a summer slump in the world’s reserve currency will be prolonged????
Confucius: the man who broke the mountain was the same man who started ...
  • #2
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  • Aug 17, 2020 5:13am Aug 17, 2020 5:13am
maybe the slump extends.... all the way to the fall? The fall of Trump? Just maybe
its all just one persons opinion....
  • #3
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  • Aug 17, 2020 9:30am Aug 17, 2020 9:30am
Actually this is very interesting. Hedge funds are like big ships, they steer slow and have a lot of inertia, if the EUR/USD was going up without the "help" from funds, we could have an historic rally coming this fall/winter. Take your positions now.
  • #4
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  • Aug 17, 2020 10:45am Aug 17, 2020 10:45am
This could be a positive sign for USD. It's possible sentiment is changing and USD could potentially reverse sometime in the near future. Time will tell.

Remember folks, the bigger players usually tell you what they want you to hear, not what you need to hear. In short, they can't be trusted. They are after your money, after all.
Learn from your mistakes and march on.
  • #5
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  • Aug 17, 2020 11:17am Aug 17, 2020 11:17am
Hedge funds are 100% wrong at every market high or low. When they're extremely bullish the market tops out. When they are extremely bearish (like now) the market bottoms out. Take buy signals!
  • #6
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  • Aug 17, 2020 11:25am Aug 17, 2020 11:25am
Quoting Maxthetrader
Hedge funds are 100% wrong at every market high or low. When they're extremely bullish the market tops out. When they are extremely bearish (like now) the market bottoms out. Take buy signals!
And if it plays out like this, BTC will plummet. BTC usually does the opposite of what USD does.
Learn from your mistakes and march on.
  • #7
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  • Aug 17, 2020 10:14pm Aug 17, 2020 10:14pm
Once again another non-sense article!

UJ/dxy/usd all was always heading south prior to POTUS election!
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  • Posted: Aug 17, 2020 1:21am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 7  /  Views: 6,476