Technical Analysis Summary

The following is a summary of the technical analysis discussed in the article:

• USD/JPY: The US dollar flipped to net-long exposure, while large speculators and asset managers flipped to net-short JPY/USD exposure.
• EUR/USD: Large speculators flipped to net-short exposure to EUR/USD futures for the first time since July.
• VIX: Equity traders continued to hedge against US election event risk via the VIX, with both large speculators and asset managers increasing net-long exposure.
• Gold: Both large speculators and managed funds increased their net-long exposure to gold futures for a second week.
• Silver: Net-long exposure to silver futures rose to its most bullish level since March 2020 among large speculators, and March 2022 among managed funds.
• Copper: Net-long exposure to copper futures retraced lower for a second week.

Overall, the technical analysis suggests that the US dollar is strengthening, while the euro and yen are weakening. Equity traders are hedging against US election event risk, and precious metals are gaining value.