Dollar sentiment improved despite yield curve inversion

April 8, 2019

By IFCMarkets

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.

 

CFTC Sentiment vs Exchange Rate

April 02 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -3323 -365
AUD bearish positive -3938 -109
EUR bearish positive -13886 -2574
GBP bearish negative -815 -107
CHF bearish positive -3290 144
JPY bearish negative -7044 -17
Total -32297

 

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.