The commercial traders in the Dollar Index added to their short positions by a total of 3,792 contracts and went long an additional 156, for a NET increase in their current short position of 3,636 contracts. They are currently short 59,023 contracts and long a total of 6,061. A nearly 10 to 1 ratio of strong handed sellers.
Open interest is currently 69,024 contracts, which is an increase of 2,971 contracts from the prior report which to me is a sign of rampant speculation since price continues to make new highs in the face of continued commercial selling.
Best Buys are the Singapore Dollar and the Mexican Peso
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. www.livetradingnews.com