Dollar sentiment improved despite weak January sales data

6th March 2019 Off By binary
Dollar sentiment improved despite weak January sales data

By IFCMarkets

US dollar net long bets rose considerably to $27.06 billion from $23.84 billion against the major currencies in one week ending February 19, according to the report of the Commodity Futures Trading Commission (CFTC). The dollar sentiment improved despite weaker than expected data such as reduction in retail sales over month in December when an increase was forecast, with similar pictures in manufacturing and import/export prices for January.

CFTC Sentiment vs Exchange Rate

February 19 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-275879
AUDbearishpositive-2653-208
EURbearishpositive-10617-1571
GBPbearishpositive-3879-419
CHFbearishnegative-2916-346
JPYbearishnegative-4236-756
Total-27060

 

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

Market Analysis provided by IFCMarkets

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