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Market Sentiment


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.

US dollar net long bets edged higher last week to $23.69 billion from $23.17 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 2 and released on Friday October 5. The dollar bullish bets rose as the Federal Reserve implemented third quarter-point rate hike and signaled another rate hike in December. The 4.5% increase in orders for durable goods in August, faster than forecast, also supported dollar sentiment.

US dollar net bullish bets rose last week to $23.17 billion from $22.98 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 25 and released on Friday September 28. The dollar bullish bets rose as US and Chinese reciprocal tariffs took effect on $200 billion worth of Chinese goods counterweighed by $60 billion in tariffs on US goods by China. Acceleration of manufacturing activity expansion in September as evidenced by increase in Markit’s Manufacturing PMI also supported dollar sentiment.

US dollar net bullish bets rose last week to $22.98 billion from $19.15 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 18 and released on Friday September 21. The dollar sentiment improved as industrial production grew faster than expected in August while President Trump ordered tariffs on additional $200 billion Chinese imports.

US dollar net bullish bets declined last week to $19.15 billion from $20.61 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 11 and released on Friday September 14. The dollar weakened despite strong August jobs report as both the trade and budget deficits widened in August.

US dollar net bullish bets fell last week to $20.61 billion from $ 23.65 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 4 and released on Friday September 7. The dollar strengthened as he ISM’s manufacturing index hit 14-year high and the demand for dollar increased as US and Canada talks ended without a deal by the unofficial deadline of August 31.

Net bets in favor of US dollar declined slightly last week to $23.34 billion from $23.65 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 28 released on Friday August 31. The ICE dollar index weakened, as live dollar index data show, with the decline in the demand for haven assets as US and Mexico reached a preliminary trade deal.

Net bets in favor of US dollar rose last week to $23.65 billion from $23.17 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 21 released on Friday August 24. The dollar weakened as the demand for dollar subsided on news China agreed to resume trade negotiations with the US.

US dollar short bets fell last week to $21.34 billion from $22.02 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 14 released on Friday August 17. The dollar strengthening accelerated as the demand for dollar increased against the backdrop of Turkish lira crisis following doubling of US tariffs on steel and aluminum.

1. Hertz Global Holdings – stocks of the US car rental company rose after the publication of a consensus forecast of its net profit for the 3rd quarter of 2018. It is supposed that it will increase by 17% compared to the same quarter of the last year.