10/28/2005

Chart of the Day: Commitment of Traders Report - Dollar Index - Large Traders Positions

As is visible from this chart, the large speculators are betting that US Dollar will continue its upward trend versus

the other currencies and go through the 91 level.  My guess is the time is not ripe for it.  The long positions have

reached a rather overbought level (27948 Contracts Futures and Options) and we have to wait for the next upward

move.  Maybe until the FED raises the interest rates again....