Dollar bullish bets rise after solid GDP report

6th November 2018 Off By binary
Dollar bullish bets rise after solid GDP report

By IFCMarkets

US dollar net long bets edged up last week to $26.46 billion from $26.16 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 30 and released on Friday November 2. The dollar bullish bets grew as US economic growth in third quarter slowed less than expected: Q3 GDP grew 3.5% over the same period a year ago after 4.2% growth in the second quarter when a 3.3% increase was expected.


CFTC Sentiment vs Exchange Rate

October 30 2018BiasEx RateTrendPosition $ mlnWeekly Change


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

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