On January 20, 2024 it was noted that futures traders were still not positioned for the U.S. Dollar to move to higher levels. Engrbytrade™ intermarket futures trading data calculations currently indicate British Pound commercial traders are in the process of positioning for the U.S. Dollar to start moving higher in 2024. Arrows in the charts below show specific points where Commercial Traders have taken significant short positions in the British Pound over the last thirteen years in preparation for a rise in the U.S. Dollar.
Stock charts courtesy of StockCharts.com.
