Market Sentiment


US dollar bullish bets rose to $15.35 billion from $ 15.04 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to April 18 released on Friday April 21. Economic data were negative during the week as consumer prices and retail sales fell despite consistently high consumer confidence.

US dollar bullish bets rose to $15.04 billion from $ 14.68 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to April 11 released on Friday April 14. Economic data were negative during the week as the increase in nonfarm payrolls in March was much lower than expected. However, the hawkish minutes from the Federal Reserve March meeting provided support to the dollar, indicating the central bank plans reducing the balance sheet later this year.

US net long bets fell to $14.68 billion from $ 15.28 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to April 4 released on Friday April 7. Economic data were mostly positive during the week as the final reading of fourth quarter GDP was revised upward to 2.1% from 1.9% while the personal consumption expenditure index, central bank’s preferred gauge of inflation, rose above Fed’s target rate of 2% to 2.1% in February.

US dollar bullish bets fell to $15.28 billion from $18.46 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 28 released on Friday March 31. Economic data during the week were mixed and Trump administration’s failure to secure support for healthcare reform caused a pause in recent stock market rally with investors wondering about President Trump’s ability to deliver on his promises of economic stimulus measures to boost US growth.

US net long bets rose to $18.46 billion from $17.60 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 21 released on Friday March 24. The Federal Reserve hiked rates 0.25 percentage points at conclusion of its March 14-15 policy meeting and economic data during the week were positive.

US dollar bullish bets rose to $17.60 billion from $15.26 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 14 released on Friday March 17. Economic data during the week were positive and strong nonfarm payroll report reinforced March rate hike expectations.

US dollar bullish bets rose to $15.26 billion from $13.0 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 7 released on Friday March 10. Economic data during the week were positive and Fed Chair Janet Yellen’s hawkish comments boosted March rate hike expectations.

US dollar bullish bets fell to $13.0 billion from $15.02 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to February 28 released on Friday March 3. Economic data during the week were mixed and minutes of FOMC February meeting were less hawkish than expected.

US dollar bullish bets rose slightly to $15.02 billion from $14.93 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to February 21 released on Friday February 24. No new initiatives or policy details were announced by President Trump’s administration during the week but economic data were quite positive, reinforcing Fed chair Yellen’s upbeat assessment of US economy at her Congressional testimony.

US dollar bullish bets fell to $14.98 billion from $17.08 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to February 14. The Sentiment for dollar is still being driven by expectations of more details about expansionary policies proclaimed by President Trump prior to election. Last week President Trump promised to unveil a "phenomenal" new plan for corporate taxes very soon.

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