The CFTC COT Weekly report shows that 12k short positions were opened while 6k long positions were closed. This largely bearish for hedge funds. On the other hand the GBP is gaining against the DXY as a result of DXY weakness since last week.
New car registrations in the UK increased. In addition to this, PMI data from both the UK & US is good.
Should the DXY become stronger for any reason whatsoever, the idea could be invalidated. Be ready to adapt.
Do you like the idea? Like or comment below.
New car registrations in the UK increased. In addition to this, PMI data from both the UK & US is good.
Should the DXY become stronger for any reason whatsoever, the idea could be invalidated. Be ready to adapt.
Do you like the idea? Like or comment below.
