Market Sentiment


At a press conference according to the results of the ECB meeting, its president Mario Draghi announced a possible revision of the parameters of the current monetary policy towards tightening. Market participants expect the growth of the ECB rates next year. This gave an additional impulse for the weakening of the US dollar against the euro and other currencies.

US dollar net long bets slipped to $59 million from $76 million against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 11 released on Friday July 14. Federal Reserve meeting minutes showed policy makers plan to start reducing central bank’s holdings of Treasury bonds as economic data were mostly positive during the week with June nonfarm payrolls rising more than expected.

US dollar bullish bets fell sharply to $76 million from $4.53 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up June 27 released on Friday June 30. Economic data were mixed during the week as major central banks signaled impending shift to monetary tightening.

US dollar net long bets fell to $4.53 billion from $7.82 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up June 27 released on Friday June 30. The Federal Reserve chair Janet Yellen reaffirmed Fed’s gradual rate hike while economic data were mixed during the week.

US dollar bullish bets rose to $7.82 billion from $6.48 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up June 20 released on Friday June 23. The Federal Reserve raised the federal funds rate and indicated it would start reducing its balance sheet “this year” while economic data were mixed during the week after Federal Reserve policy meeting.

US dollar net long bets fell to $6.48 billion from $8 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up June 13 released on Friday June 16. Economic data were mixed during the week ahead of Federal Reserve policy meeting.

US dollar bullish bets rose to $8 billion from $7.52 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up June 6 released on Friday June 9. Economic data were weak during the week highlighted by disappointing May nonfarm payrolls growth.

US dollar net long bets fell to $7.52 billion from $8.31 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up May 30 released on Friday June 2. Economic data were mixed during the week with weak durable goods orders and personal consumption expenditure reports overshadowing the upgrade of second quarter US GDP growth rate.

US dollar net long bets fell to $8.31 billion from $13.5 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up May 23 released on Friday May 26. Economic data were mixed during the week with service sector accelerating expansion in May as manufacturing slowed down.

US dollar bullish bets rose to $13.5 billion from $11.0 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to May 16 released on Friday May 19. Economic data were positive during the week with inflation and retail sales edging higher.

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