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 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -2958 629
AUD bearish neutral -3829 -152
EUR bearish negative -11311 -284
GBP bearish negative -708 434
CHF bearish positive -3434 -31
JPY bearish positive -7027 -379
Total -29268

 

Market Analysis provided by IFCMarkets

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.