US Dollar Continues To Follow Rise In US Treasury Yields; ECB Tomorrow

According to the CFTC’s COT report for the week ended April 17, there were +151.5K net-long contracts held by speculators, a new all-time high. At this juncture, it will be much easier for the ECB to push the Euro down than it will be for the Euro to stay elevated, much less rally.

See the video for technical considerations in the DXY Index, EUR/USD, USD/JPY, USD/CHF, and the S&P 500.

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