Market Sentiment

US dollar bullish bets rebounded to $ 15.53 billion from $14.66 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 9 and released on Friday July 12. The dollar strengthened after report US economy created above-expected 224,000 new jobs in June, after 75,000 jobs created in May, which dampened interest rate cut expectations.

1. Sharp Corporation – Japanese electronics manufacturer.

US dollar net long bets dropped dramatically to $ 14.66 billion from $21.75 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 2 and released on Monday July 8. The dollar sentiment deteriorated as Federal Reserve’s preferred gauge for inflation - the personal consumption expenditure index, declined from 1.6% over year in April to 1.5% in May while durable goods orders dropped 1.3% over month with trade deficit widening 5.1% .

1. Micron Technology Inc. – American manufacturer of semiconductor technology.

US dollar bullish bets declined continued to $21.75 billion from $22.60 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 25 and released on Friday July 1. The dollar weakened after weak as the Federal Reserve left interest rates unchanged but indicated it would “act as appropriate to sustain the expansion”.

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

US dollar net long bets fell significantly to $22.60 billion from $31.05 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 18 and released on Friday June 21. The dollar weakening accelerated after weak inflation report showed the cost of living increase over the past 12 months slowed to 1.8% from 2% and retail sales growth was slower than expected.

US dollar bullish bets decline accelerated to $31.05 billion from $33.32 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 11 and released on Friday June 14. The dollar weakening accelerated after weak May jobs report supported hopes of Fed interest rate cuts soon following Federal Reserve chair Powell comment the previous week the central bank would ‘act as appropriate to sustain the expansion’.

US dollar net long bets slid further to $33.32 billion from $34.62 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 4 and released on Friday June 7. The dollar weakening accelerated after the Institute for Supply Management’s manufacturing PMI came in lower than expected for May and Federal Reserve chair Powell commented the central bank would ‘act as appropriate to sustain the expansion’.

1. XOM_Brent – Personal Composite Instrument Exxon Mobil Stocks vs Brent.

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