{"id":151942,"date":"2019-07-22T11:45:58","date_gmt":"2019-07-22T15:45:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151942"},"modified":"2019-07-22T09:22:39","modified_gmt":"2019-07-22T13:22:39","slug":"dollar-weakened-after-powell-testimony-to-congress","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/dollar-weakened-after-powell-testimony-to-congress\/","title":{"rendered":"Dollar weakened after Powell testimony to Congress"},"content":{"rendered":"
July 22, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

US dollar <\/em> net long bets declined to $15.19 billion from $15.53 against the major currencies<\/a> during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 16 and released on Friday July 19. The dollar strengthening reversed as Powell comments in testimony to Congress emphasized rising risks to the US economy from trade policy and slowing global growth, as well as falling price inflation, which confirmed Federal Reserve plans a rate cut in July.<\/p>\n

 <\/p>\n

\n

CFTC Sentiment vs Exchange Rate<\/h2>\n\n\n\n\n\n\n\n\n\n\n
July 16 2019<\/b><\/td>\nBias<\/b><\/td>\nEx RateTrend<\/b><\/td>\nPosition $ mln<\/b><\/td>\nWeekly Change<\/b><\/td>\n<\/tr>\n
CAD<\/b><\/td>\nbullish<\/td>\npositive<\/td>\n1602<\/td>\n899<\/td>\n<\/tr>\n
AUD<\/b><\/td>\nbearish<\/td>\npositive<\/td>\n-3685<\/td>\n105<\/td>\n<\/tr>\n
EUR<\/b><\/td>\nbearish<\/td>\nneutral<\/td>\n-4393<\/td>\n631<\/td>\n<\/tr>\n
GBP<\/b><\/td>\nbearish<\/td>\npositive<\/td>\n-5919<\/td>\n-235<\/td>\n<\/tr>\n
CHF<\/b><\/td>\nbearish<\/td>\npositive<\/td>\n-1484<\/td>\n-172<\/td>\n<\/tr>\n
JPY<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n-1314<\/td>\n-893<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nTotal<\/td>\n-15194<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

 <\/p>\n

\"commitment<\/center>
\"commitment<\/center>
\"market<\/center><\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis 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 \u0430 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets US dollar net long bets declined to $15.19 billion from $15.53 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 16 and released on Friday July 19. The dollar strengthening reversed as Powell comments in testimony to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-151942","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=151942"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151942\/revisions"}],"predecessor-version":[{"id":151944,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151942\/revisions\/151944"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}