Market Sentiment

US dollar net long bets declined to $13.34 billion from $14.24 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 September 10 and released on Friday September 13. The dollar weakened as the Labor Department reported US economy added below expected 130,000 jobs in August, after 159,000 new job creation in July.

US dollar bullish bets rose to $14.24 billion from $12.03 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 September 3 and released on Friday September 6. The dollar strengthening resumed after US July goods trade deficit shrunk to below expected $72.3 billion from $74.2 billion a month and Federal Reserve’s Chicago area purchasing managers index rose to 50.4 from 44.4.

US dollar net long bets continued to fall reaching $12.03 billion from $13.36 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 August 27 and released on Friday August 30. The dollar strengthening reversed after Federal Reserve Chairman Powell said at the annual central banking symposium in Jackson Hole, Wyoming the Fed will do “ what monetary policy can do to sustain the expansion”.

1. Wheaton Precious Metals Corp – Canadian precious metals mining company.

1. CHINA RESOURCE – Chinese foreign trade company.

US dollar bullish bets declined to $15.70 billion from $16.77 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 August 13 and released on Friday August 16. The dollar strengthening continued as inflation in July over the past 12 months climbed to 1.8% from 1.6% in June, and US Trade Representative announced delays for 10% tariffs earlier announced by President Trump on August 1 on Chinese goods worth $152 billion until mid-December.

US dollar net long bets increased significantly to $18.71 billion from $15.32 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 July 30 and released on Friday August 2. The dollar strengthening continued ahead of Federal Reserve July 30-31 meeting despite the Bureau of Economic Analysis report US gross domestic product slowed from April to June.

US dollar bullish bets inched up to $15.32 billion from $15.19 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 July 23 and released on Friday July 26. The dollar strengthening resumed as steep interest rate cut expectations at July 30-31 meeting moderated after New York Fed said Williams’ comments about need to ‘act quickly’ referred to his academic research and not upcoming Federal Reserve meeting, and University of Michigan consumer sentiment index was revised upward.

1. Northern Star Resources Ltd – an Australian gold mining company.

US dollar net long bets declined to $15.19 billion from $15.53 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 16 and released on Friday July 19. The dollar strengthening reversed as Powell comments in testimony to Congress emphasized rising risks to the US economy from trade policy and slowing global growth, as well as falling price inflation, which confirmed Federal Reserve plans a rate cut in July.

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