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AUD/USD, US dollar, Gold, WTI analysis: Commitment of traders report (COT)
Net-short exposure to GBP/USD futures rose to a 31-week high, although open interest was slightly lower with gross longs and shorts being trimmed. Traders were their least bearish on VIX futures since January 2019, but if we use the long-term average of -44.36 as the bullish/bearish threshold, we could say positioning was the most bullish since early 2019. And with indices rallying and the VIX comfortably back below 20, perhaps we have seen the peak of the cycle. Large speculators pushed their net-short exposure to Dow Jones futures to a record high last week whilst asset managers were their most bearish since June ... (full story)