Non-commercial futures traders have been quietly sending a message that they are expecting a change in the value of the Dollar. The number of long dollar contracts has been increasing while the number of short contracts declined since November 2025. This is similar to what occurred between September 2007 and August 2008. The end result was a sharp decline in the S&P500 and interest rates as the Dollar moved higher between August and November 2008. Based on Non-Commercial futures trader positioning the Dollar is expected to move higher as stock markets move lower.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of http://StockCharts.com.
