Market Sentiment

US dollar bullish bets rose to $13.33 billion from $6.63 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 5 and released on Friday November 8. The ICE US dollar index rebounded as the Federal Reserve announced 3rd cut in interest rates this year but signaled no further cuts in the near future, the Institute of Supply Management’s service sector activity index rose to 54.7% in October, up from 52.6% in September, and US economy added higher than expected 128 thousand new jobs in October.

1. General Electric Company – American energy diversified company.

US dollar net long bets decline accelerated to $6.63 billion from $15.31 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 29 and released on Friday November 1. The sharp decline in dollar bullish bets occurred as weak economic reports painted mixed picture of economy: US budget deficit rose 26% over the fiscal year 2018 and new home construction and durable goods orders fell in September; House Price Index growth slowed to 0.2% on month in August when steady growth at 0.4% was expected, while initial jobless claims fell in the prior week.

1. Biogen Inc. – American pharmaceutical company.

US dollar bullish bets fell to $15.31 billion from $20.77 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 22 and released on Friday October 25. The ICE US Dollar index USDX continued falling on weak US economic data including manufacturing sector performance and decline of retail sales in September of 0.3% over month when 0.3% increase was expected.

US dollar net long bets rose to $20.77 billion from $18.78 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 15 and released on Friday October 18. The ICE US Dollar index USDX however fell as the Federal Reserve revealed plans to purchase $60 billion of short-term Treasury debt each month.

1. Kawasaki Kisen Kaisha, Ltd. – Japanese transport company.

US dollar bullish bets rose to $18.78 billion from $17.80 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 8 and released on Friday October 11. Increase in dollar bullish bests continued as US economy added 136,000 new jobs in September after 164,000 new jobs in August, and unemployment rate dropped to 3.5% from 3.7% in August.

1. Centerra Gold Inc – Canadian gold mining company.

US dollar net long bets rose to $17.80 billion from $17.34 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 1 and released on Friday October 4. The ICE US Dollar index USDX rose despite weak Institute for Supply Management report: ISM data showed the manufacturing index slipped from 49.1 to 47.8 for September, with readings below 50 indicating contraction.

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