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Market Sentiment

US dollar bullish bets slipped in the past two weeks to $28.48 billion from $29.53 billion against the major currencies , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 11 and released on Friday December 14. The dollar weakened as softer than expected November jobs report supported the view Federal Reserve may slow its tightening pace as it takes into account declining inflationary pressures.

1. China Evergrande Group – stock prices of the Chinese company, which is engaged in the development of real estate properties, rose due to the publication of good revenue indicators for November.

US dollar net long bets rose further last week to $29.53 billion from $28.48 billion against the major currencies , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 27 and released on Friday November 30. The dollar continued strengthening against the backdrop of elevated risks to global growth prospects as US-China trade dispute remained unresolved with no signs of change in Washington’s and Beijings stances.

US dollar bullish bets climbed last week to $28.48 billion from $26.18 billion against the major currencies, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 20 and released on Monday November 26. The dollar bullish bets rose after strong October inflation report gave no reason to expect a slowing of pace in Federal Reserve’s interest rate hikes.

US dollar net long bets fell last week to $26.18 billion from $28.65 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 13 and released on Friday November 16. The dollar bullish bets fell as the Federal Reserve signaled no change in interest rate hike plans.

US dollar bullish bets edged up last week to $28.65 billion from $26.46 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 6 and released on Friday November 9. The dollar bullish bets grew as nonfarm payrolls and earnings in October grew more than expected, with tight labor market supporting the odds of continuing rate hikes by the Federal Reserve.

US dollar net long bets edged up last week to $26.46 billion from $26.16 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 30 and released on Friday November 2. The dollar bullish bets grew as US economic growth in third quarter slowed less than expected: Q3 GDP grew 3.5% over the same period a year ago after 4.2% growth in the second quarter when a 3.3% increase was expected.

US dollar bullish bets fell last week to $26.16 billion from $27.64 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 23 and released on Friday October 26. The dollar bullish bets declined as Federal Reserve meeting minutes confirmed policy makers supported gradual rate increases and existing home sales fell in August.

US dollar net long bets slipped last week to $27.64 billion from $27.79 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 16 and released on Friday October 19. The dollar bullish bets edged lower as the 2.4% consumer inflation was lower than expected for September after 2.7% increase in August and the 0.1% rise in retail sales in September was less than expected.

US dollar net bullish bets rose considerably last week to $27.79 billion from $23.69 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 9 and released on Friday October 12. The dollar bullish bets rose as the US labor market remained strong and unemployment ticked lower from 3.9% to 3.7% in September, 48-year low while the expansion in services sector continued to accelerate.

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