Market Sentiment


1. Tesco PLC – the growth in stock prices of the trading network was due to good preliminary results of the 2017/18 fiscal year.

US dollar net short bets rose to $22.76 billion from $21.41 billion against the major currencies during the previous week , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to April 10 released on Friday April 13. The dollar sentiment deteriorated as jobs growth was sharply weaker than expected: the US economy added 103,000 jobs in March instead of expected 185,000. It was the lowest monthly growth in the last six months.

1. Alcoa Corp. – the growth in stock prices of the aluminum producer company was caused by the message that sanctions against its rival - the Russian company Rusal, were imposed by the US government. In addition, the United States has significantly increased import duties on aluminum. The earnings release of Alcoa for the 1st quarter of 2018 will be published on April 18. It may affect the dynamics of stock prices.

US dollar bearish bets slipped to $21.41 billion from $21.73 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to April 3 released on Friday April 6. The dollar sentiment improved marginally as the annualized pace of growth in the economy in the fourth quarter of 2017 was revised to 2.9% from 2.5% due to higher consumer spending.

1. Shire PLC – growth in stock prices of the Irish biopharmaceutical company is due to reports that the Japanese pharmaceutical giant Takeda Pharmaceutical is going to acquire it.

US dollar short bets slipped to $21.73 billion from $22.0 billion against the major currencies during the previous week as the Federal Reserve raised interest rates 0.25 percentage points, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 27 released on Thursday March 29. The ICE US dollar index declined as the policy makers projected at conclusion of March 22 meeting just two more rate hikes in 2018 instead of three as indicated previously.

1. CHINA UNICOM – Chinese telecom giant announced a 177% increase in net profit for 2017.

US dollar bearish bets jumped to $22.0 billion from $14.61 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 20 released on Friday March 23. The ICE US dollar index rose however ahead of the Fed decision as investors expected the central bank would hike interest rates and update its guidance.

Within 7 days from 14-03-2018 to 21-03-2018 top gainers were the stocks of various companies, as well as personal composite instruments created with oil. Within the past 7 days, oil prices have increased by 5% and reached a six-week record high. This was contributed by the unexpected decrease in the US oil reserves, the reduction in oil production in Venezuela, as well as the plans of Donald Trump to terminate the “nuclear deal” of 2015 with Iran. In this case, oil production in Iran may decrease by 250-500 thousand barrels per day. Among shares, the German sportswear manufacturer Adidas was the top gainer amid the plans to buy back its stocks. CFDs on oats and the stocks of electric vehicle manufacturer Tesla motors were the top losers within a week. Oat prices are falling along with other cereals and beef prices. It is used in combined feed for farm animals. Stock prices fell after the CNBC channel reported a large number of problems in electric vehicles. On the Foreign Exchange market, the weakening of the Australian dollar, the New Zealand dollar and the euro can be noted. The US dollar and the British pound were the top gainers on the Forex market within a week. The US dollar increased before the next Fed meeting, during which a rate hike is expected.

US dollar short bets increased significantly to $14.61 billion from $11.45 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 13 released on Friday March 16. The dollar sentiment continued to deteriorate as average hourly earnings growth slowed more than forecast in February with the monthly consumer inflation declining to 0.2% from 0.5%.