Market Sentiment


US dollar bearish bets increased further to $4.28 billion from $3.94 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 5 released on Friday December 8. Dollar sentiment deteriorated marginally despite the Senate approval of the Republican tax bill and the upgrade of the Q3 GDP to 3.3% from 3.0% first estimate.

US dollar short bets rose further to $3.94 billion from $3.14 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 28 released on Friday December 1. Dollar sentiment deteriorated on mixed economic data despite Federal Reserve Chair nomine Powell’s assurance at Senate hearing he would follow the current policy of gradual rate increases.

US dollar bearish bets jumped to $3.14 billion from $0.66 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 21 released on Monday November 27. Dollar sentiment deteriorated dramatically as minutes spurred doubts whether the Federal Reserve would actually implement the rate hikes at pace previously in light of sluggish inflation.

US dollar short bets were cut by almost two-third falling to $0.66 billion from $1.9 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 14 released on Friday November 17. Tax reform hopes supported bullish dollar sentiment amid mixed economic reports.

US dollar short bets were cut by almost half falling to $1.9 billion from $3.45 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 7 released on Monday November 13. Dollar sentiment improved still more after upbeat Federal Reserve statement and strong October jobs report.

US dollar bearish bets were cut by more than half falling to $3.45 billion from $8.03 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 31 released on Friday November 3. Dollar sentiment improved significantly as US economic growth in third quarter was better than expected against the background of positive data and corporate earnings.

US dollar short bets fell considerably to $8.03 billion from $12.64 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 24 released on Friday October 27. Dollar sentiment improved significantly on upbeat earnings as the Senate approved the 2018 budget blueprint.

US dollar bearish bets fell significantly to $12.64 billion from $15.41 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 17 released on Friday October 20. Short dollar bets fell as Fed minutes showed central bank officials planned to continue rate hikes with positive data showing US economy performance improves.

US dollar net short bets fell further to $15.41 billion from $16.82 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 10 released on Friday October 13. Bearish dollar bets fell despite weaker than expected nonfarm payrolls report for September.

US dollar net short bets fell to $16.82 billion from $17.38 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 3 released on Friday October 6. Bearish dollar bets fell as Trump announced its tax cut proposal supported by Congressional leaders and positive data pointed to improving US economic performance.

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