Dollar strengthens amid global growth uncertainty

December 3, 2018

By IFCMarkets

US dollar net long bets rose further last week to $29.53 billion from $28.48 billion against the major currencies , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 27 and released on Friday November 30. The dollar continued strengthening against the backdrop of elevated risks to global growth prospects as US-China trade dispute remained unresolved with no signs of change in Washington’s and Beijings stances.

CFTC Sentiment vs Exchange Rate

November 27 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD positive positive -649 -177
AUD positive negative -3892 369
EUR positive negative -7773 -1063
GBP bearish negative -3116 357
CHF bearish negative -2638 -172
JPY positive negative -11465 -367
Total -29533

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

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.


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter