Dollar sentiment reverses after dovish Fed decision

April 1, 2019

By IFCMarkets

US dollar net long bets slipped to $29.27 billion from $29.48 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 March 26 and released on Friday Marc 29. The dollar sentiment deteriorated as Federal Reserve cut the projection of the number of interest rate hikes expected this year to zero from the two forecast in December.

 

CFTC Sentiment vs Exchange Rate

March 26 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-2958629
AUDbearishneutral-3829-152
EURbearishnegative-11311-284
GBPbearishnegative-708434
CHFbearishpositive-3434-31
JPYbearishpositive-7027-379
Total-29268

 

commitment of traders net long short
commitment of traders weekly change
market sentiment ratio long short positions

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