US dollar net short bets decrease reversed with total net shorts rising to $33.60 billion from $30.9 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 22 and released on Friday September 25. The increase in net short dollar bets was the result of mainly increase in bullish bets on euro as the euro-zone current account surplus decline to €16.6 billion in July from €20.7 billion was smaller than forecast. Dollar bearish bets rose as the Labor Department reported above expected 860 thousand Americans filed for first-time jobless benefits and Federal Reserve kept interest rates at zero and Fed chair Powell told interest rates would remain low until at least 2024 and more fiscal support is likely to be needed. At the same time the Chicago Fed’s national activity index, which reflects overall US economic activity, fell to 0.79 in August from 2.54 in the prior month, while the federal government debt soared 58.9% to $22.58 trillion in the second quarter, after 11.4% gain in the first quarter.
CFTC Sentiment vs Exchange Rate
September 22 2020 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bearish | negative | -1420 | -135 |
AUD | bullish | negative | 1171 | -12 |
EUR | bullish | negative | 27923 | 1477 |
GBP | bullish | positive | 236 | 51 |
CHF | bullish | negative | 2163 | 503 |
JPY | bullish | negative | 3524 | 810 |
Total | 33598 |
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
- Investors expect a hawkish stance from the RBA. Natural gas prices returned to growth May 6, 2024
- Trade Of The Week: Ripple ready to create waves? May 6, 2024
- COT Metals Charts: Speculator bets led by Gold & Steel May 4, 2024
- COT Bonds Charts: Speculator bets led lower by SOFR 3M & 10-Year Bonds May 4, 2024
- COT Soft Commodities Charts: Speculator bets led by Wheat, Soybean Meal & Corn May 4, 2024
- COT Stock Market Charts: Speculator bets led lower by S&P500 & MSCI EAFE May 4, 2024
- The British index has updated the historical maximum. Oil lost 5% over the week May 3, 2024
- US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% May 2, 2024
- Brent crude oil hits seven-week low May 2, 2024
- Target Thursdays: USDJPY, Copper & EURCAD May 2, 2024