The US Dollar further downtrend risks in RSI divergence
Divergence among many momentum and strength oscillators could make it harder for the US dollar to continue lower.
The CFTC Commitment of traders report shows that net positions remain muted above 2500 net positions by non-commercial traders. This shows that speculators and hedge funds still remain bullish on the dollar.
However, a few chief market strategists and advisors have come forward with a view of a lower US dollar but higher yields threaten this macro view.
The CFTC Commitment of traders report shows that net positions remain muted above 2500 net positions by non-commercial traders. This shows that speculators and hedge funds still remain bullish on the dollar.
However, a few chief market strategists and advisors have come forward with a view of a lower US dollar but higher yields threaten this macro view.
