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The trend for the US dollar remains bullish and is only getting stronger. For more than a month, traders have been building up their net position on the growth of USD, and large funds have increased their purchases of the dollar by 5% per week, sales have also been reduced.
The COT (Commitments of Traders) report for the week ending last Tuesday showed an increase in open interest by 0.1 thousand contracts to 43.1 thousand.
The bullish index of major players (the ratio of the number of buy contracts to the number of sell contracts) rose by 0.21 to 2.30 over the week.
Large investors (NON-COMMERCIAL) continue to increase the net buy position, which reached its maximum volume since the beginning of the pandemic.
Hedgers are not going to get rid of short positions and continue to build up their net sell position for the seventh consecutive week.
It's a good time to trade with the best brokers in the forex industry.
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