Dollar short bets fell as Fed kept interest rates and bond purchases unchanged | IFCM Canada
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Dollar short bets fell as Fed kept interest rates and bond purchases unchanged

8/2/2021

US dollar bearish bets fell sharply to $29.95 billion from $34.40 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to February 2 and released on February 5. The dollar sentiment improved considerably with sharp drop in bullish bets on euro while bullish bets on Swiss franc, Canadian dollar and British Pound were much smaller as Germany’s retail sales plunged 9.6% over month in December after 1.1% increase a month earlier. The drop in dollar bearish bets was recorded despite Fed chair Powell’s highlighting of headwinds to the economic recovery - saying ‘we have not won this yet’, signaling that monetary policy will remain ultra-easy as Fed kept interest rates and bond purchases unchanged. However, US Labor Department reported 847 thousand Americans sought unemployment benefits over the last week, down from 914 thousand the previous week.

CFTC Sentiment vs Exchange Rate

February 02 2021BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive1259175
AUDbearishpositive-112-171
EURbullishnegative20623-4511
GBPbullishpositive821137
CHFbullishnegative2039617
JPYbullishnegative5313-113
  Total29945 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.


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