Home / Forex & Currency Exchange News / Dollar strengthens after Fed rate hike

Dollar strengthens after Fed rate hike

By IFCMarkets

US dollar net long bets edged higher last week to $23.69 billion from $23.17 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 2 and released on Friday October 5. The dollar bullish bets rose as the Federal Reserve implemented third quarter-point rate hike and signaled another rate hike in December. The 4.5% increase in orders for durable goods in August, faster than forecast, also supported dollar sentiment.


CFTC Sentiment vs Exchange Rate

October 02 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish positive -1442 67
AUD bearish negative -5154 67
EUR bearish negative -1025 -1568
GBP bearish positive -4812 712
CHF bearish negative -1709 375
JPY bearish positive -9556 1143
Total -23698


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

Market Analysis provided by IFCMarkets

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.

Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

EURUSD Bull Recovery Remains Intact But With Caution

By FXTechStrategy.com EURUSD bull recovery remains intact as more strengthen is envisaged. However, with price hesitation seen on Friday that strength may subside a bit. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the […]

Leave a Reply

Your email address will not be published. Required fields are marked *