Dollar strengthened on retail sales rebound

April 29, 2019

By IFCMarkets

US dollar net long bets rose significantly to $37.20 billion from $34.56 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 April 23 and released on Friday April 26. The dollar strengthened as data showed retail sales rose 1.6% over month in March following a 0.2% decline in February, while US trade deficit fell 3.4% in February to the lowest level in eight months.

 

CFTC Sentiment vs Exchange Rate

April 23 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -3536 146
AUD bearish negative -3581 -218
EUR bearish negative -14787 -961
GBP bearish negative -148 -223
CHF bearish neutral -4599 -556
JPY bearish positive -10550 -829
Total -37201

 

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.