Flash note from Lester Davids, Unum Trading Desk analyst:
"US Dollar Index Futures(DXY): The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with grey arrows. On this basis I would caution against on being very long the USD - of which spec positioning is very long. "
"US Dollar Index Futures(DXY): The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with grey arrows. On this basis I would caution against on being very long the USD - of which spec positioning is very long. "