LastBattle
Short

What happens with a full bus of Dollar bulls?

FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
Dear all,

Major markets against the USD are at a turning point right now.
I believe that the dollar have topped, at least in the short term in anticipation of a rate hike. Anyone who are long on the dollar have already bought them.
The next FOMC on 14/15th December will most likely accelerate the downtrend, it is impossible for Janet Yellen to raise even 0.25% at this point in time. The U.S. economy is not as strong as it seems. There is an almost 90% correlation between the stock market and QE , the collapse of manufacturing, trade.

1) FXCM             SSI             (Retail positioning)
Retails seems to be all in on stocks and rather bullish in every USD based pair!
https://twitter.com/FXCM/status/671699353778724864

2) Double top in Dollar Index            

3) Double top in USDSGD             in a shorter term scale

4) Gold             bounced off a critical trendline

4) Double bottom off EURUSD            

5) Oil             isn't going down further despite OPEC not cutting supply.
Oil             have an almost perfect correlation when you look at it from a monthly perspective.

Ironically, at this point in time everyone seems to be long in the dollar. I suppose with the help of mainstream media like CNBC, Gartman, etc.
We'll more likely see a short squeeze in the near term before Dollar gets higher with the deflationary force.
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