Dollar net short bets increase accelerated as Q2 GDP fell about 33 percent | IFCM
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Dollar net short bets increase accelerated as Q2 GDP fell about 33 percent

3/8/2020

US dollar bearish bets increase accelerated at more than double of prior week’s pace with total net shorts reaching $24.28 billion from $18.82 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 28 and released on Friday July 31. The increase in net short dollar bets resulted from decreases in bearish bets on Canadian and Australian dollar, and significant increase in bullish bets on Japanese yen and euro as German business sentiment continued recovery in July according to Ifo report. The bearish dollar bets rose again as Q2 US GDP contracted 32.9% over quarter in annualized terms due to the coronavirus outbreak and US Labor Department reported 1.42 million Americans filed for first-time unemployment benefits, a rise of 109,000, while US manufacturing and services PMI’s rose less than forecast with manufacturing sector recording expansion for July.

CFTC Sentiment vs Exchange Rate

July 28 2020BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-934307
AUDbearishnegative-359-344
EURbullishneutral230815051
GBPbearishpositive-2054-855
CHFbullishnegative1150164
JPYbullishnegative33911131
  Total24276 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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