Market Sentiment


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.

US dollar bullish bets fell to $17.08 billion from $18.53 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 7. The Federal Reserve held off hiking rates stating the economy was still on a moderate growth path as consumer and business sentiment improved, but investment activity remains “soft.” Data during the week confirmed economy’s recovery continues.

US dollar net long bets fell to $18.53 billion from $20.12 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 31. Data during the week didn’t point to a significant change in economy’s performance which could turn Fed policy makers stance more hawkish ahead of the first interest rate decision in the new year.

US dollar bullish bets fell to $20.12 billion from $24.42 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 24. Investor optimism for dollar moderated as President Trump’s first acts as he took office were seen as steps in line with his protectionist policy stance: he withdrew the US from the Trans-Pacific Partnership and promised to renegotiate trade deals.

US dollar bullish bets slid to $24.42 billion from $24.95 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 17. Investors reduced dollar bets on the background of mixed economic data during the week and no additional direction for dollar from Trump’s first press conference. The major positive piece of data was the sales report showing retail sales rose 0.6% on month in December from upwardly revised 0.1% in November.

US dollar long bets fell to $24.95 billion from $25.44 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 10. The sentiment for dollar deteriorated amid mostly weak data. First, ADP report on employment change came in weaker than expected. However, the ISM Non-Manufacturing PMI remained unchanged in December at 57.2, indicating the services sector continued expanding at steady pace. Weekly claims data were positive showing initial jobless claims fell to 235000 from 263000 in the previous week though continuing claims rose to 2102 thousand from 2112 thousand.

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