DXY:Key Levels and Political Events: Preparing for the Next Move

The latest Commitment of Traders (COT) report indicates that there have been negligible changes in the behavior of commercial traders regarding the DXY. Meanwhile, retail traders have significantly reduced their long positions, cutting about 30% of their holdings to the short side. In contrast, non-commercial traders have increased their long positions by approximately 11.14%, suggesting a divergence in market sentiment: retailers appear to be leaning toward shorting the dollar, while non-commercials might be starting to accumulate long positions.

Over the past week, the price rebounded at our daily demand zone, which could signal a potential continuation of the upward trend in the coming week. However, the market's next move will depend heavily on how it opens after the weekend and the market's reaction to the upcoming Trump-Putin meeting.

What are your thoughts on these developments?

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