Dollar bearish bets decline accelerated as Powell warned not to ‘bet against American economy’ | IFCM UK
IFC Markets Online CFD Broker

Dollar bearish bets decline accelerated as Powell warned not to ‘bet against American economy’

25/5/2020

US dollar net short bets decrease accelerated to $7.67 billion from $9.07 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 May 19 and released on Friday May 22. The change in overall dollar position was mainly due to significant increase in bearish bets on Canadian and Australian dollars as well as British Pound, and decrease in bullish bets on euro, while bullish bets on Swiss franc increased. Once again the Pound, Canadian and Australian dollars maintained net short positions against the dollar. The bearish dollar bets declined as Federal Reserve chair Powell warned not to ‘bet against American economy’ as the Fed is ‘Not out of ammunition.’ Bearish bets on dollar declined despite US Labor department report showing nearly 36.5 million Americans lost their jobs in the previous eight weeks. A Department of Commerce report US retail sales decline accelerated in April also didn’t result in increase in dollar bearish bets.


CFTC Sentiment vs Exchange Rate

May 19 2020BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-2512-221
AUDbearishpositive-2583-289
EURbullishnegative9905-688
GBPbearishnegative-1453-403
CHFbullishnegative1123266
JPYbullishpositive3188-70
  Total7668 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

New Exclusive Analytical Tool

Any date range - from 1 day to 1 year

Any Trading Group - Forex, Stocks, Indices, etc.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.


IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy
Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger