Traders flipped to net-long exposure to the US dollar against G10 currencies according to data complied by IMM, which took positioning to its most bullish level in 10 weeks. And despite being on the cusp of flipping to net-short exposure the week prior, large speculators actually increased their net-log exposure to the US dollar index last week. {chart} We can see on the weekly US dollar index chart that a small shooting star formed to warn of weakness around the highs, and that trend resistance resides around 104.50 – 105. I therefore suspect that the upside for the US dollar could be limited from here, which may ... (full story)