By IFCMarkets
US dollar net long bets increase continued to $16.18 billion from $13.33 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 November 12 and released on Friday November 15. The ICE US dollar index advance continued on positive data and hawkish central bank officials’ comments: the University of Michigan consumer sentiment index rose to 95.7 from 95.5 in October, initial jobless claims were below forecast for the week, while Chicago Fed President Charles Evan said the US economy may not need additional interest rate cuts.
| November 12 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bullish | positive | 3202 | -882 |
| AUD | bearish | negative | -2791 | -944 |
| EUR | bearish | positive | -8409 | -998 |
| GBP | bearish | positive | -2259 | 78 |
| CHF | bearish | positive | -1904 | -130 |
| JPY | bearish | negative | -4015 | -968 |
| Total | -16175 |
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.