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Market Sentiment

US dollar bullish bets fell to $33.58 billion from $38.03 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 May 14 and released on Friday May 17. The dollar weakened marginally after a report consumer prices rose a below expected 0.3% on month in April while wholesale prices rose a below expected 0.2%, and trade deficit widened 1.4% in March .

US dollar net long bets declined to $38.03 billion from $38.87 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 May 7 and released on Friday May 10. The dollar weakened slightly as Federal Reserve held federal funds rate in a 2.25%-2.50% range while the Institute for Supply Management services index for April came in weaker than expected.

US dollar bullish bets continued to rise reaching $38.87 billion from $37.20 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 30 and released on Friday May 3. The dollar sentiment was steady as data showed a report the US economy grew at an above expected annual rate of 3.2% in the first quarter, while the Fed’s preferred inflation gauge – core personal consumption expenditure index, declined to annual rate of 1.6% in March.

1. Centerra Gold Inc. – quotations of the Canadian gold mining company.

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.

1. Dollarama Inc. – quotations of the Canadian dollar store network.

US dollar bullish bets continued to rise totaling $34.56 billion from $33.60 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 16 and released on Friday April 19. The dollar sentiment improvement persisted despite a dovish Federal Reserve’s March meeting minutes indicating the central bank is in wait and see mode with regards to resuming interest rate hikes in 2019, while core consumer price index declined to a 13-month low of 2% in March, from 2.1% in February.

1. Walt Disney Company – quotations of the American film company.

US dollar net long bets continued to rise amounting to $33.60 billion from $32.29 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 9 and released on Friday April 12. The dollar sentiment continued to improve on strong jobs report - the US economy added above forecast 196,000 new jobs in March after adding just 33,000 to nonfarm payrolls in February.

US dollar bullish bets rose significantly to $32.29 billion from $29.27 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 2 and released on Friday April 5. The dollar sentiment improved despite Treasury yield curve inversion – as the spread between three-month and 10-year yields turned negative, considered to be a predictor of economic recession.

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