Market Sentiment


US dollar short bets climbed sharply to $8.87 billion from $4.61 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 9 released on Friday January 12. Dovish minutes of Federal Reserve meeting and weaker than expected December jobs report further intensified bearish dollar sentiment.

US dollar bearish bets jumped to $4.61 billion from $2.71 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 2 released on Friday January 5. Positive data like rising Markit’s manufacturing purchasing manages’ index and Chicago Fed’s manufacturing purchasing managers’ index in December didn’t result in dollar sentiment change.

US dollar short bets rose to $2.71 billion from $2.19 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 26 released on Friday December 29. The dollar sentiment deteriorated despite President Donald Trump signed the Republican tax overhaul into law.

US dollar bearish bets fell sharply to $2.19 billion from $7.80 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 19 released on Friday December 22. The 0.25 percentage point increase in interest rates by the Federal Reserve as the central bank signaled plans to raise rates three more times in 2018 and the passing of the Republicans’ tax bill by House of Representatives were the main catalysts for dollar bullish views.

US dollar short bets jumped to $7.80 billion from $4.28 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 12 released on Friday December 15. Dollar sentiment deteriorated as average hourly earnings rose a less than expected 0.2% on month in November while 228 thousand new jobs were created, more than a 195 thousand expected addition.

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.