{"id":172191,"date":"2020-06-15T14:05:42","date_gmt":"2020-06-15T18:05:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=172191"},"modified":"2020-06-15T11:08:05","modified_gmt":"2020-06-15T15:08:05","slug":"dollar-bearish-bets-increased-despite-surprise-us-unemployment-rate-decline","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/dollar-bearish-bets-increased-despite-surprise-us-unemployment-rate-decline\/","title":{"rendered":"Dollar bearish bets increased despite surprise US unemployment rate decline"},"content":{"rendered":"
June 15, 2020<\/div>
\r\n<\/div><\/div>

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

US dollar net short bets rebounded <\/em> to $9.51 billion from $8.18 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 June 9 and released on Friday June 12. The change in overall dollar position resulted mainly due to significant decrease in bearish bets on Canadian and Australian dollars as well as British Pound. A significant increase in bullish bets on euro also contributed to increase in dollar bearish bets after the European Central Bank announced it would expand its Pandemic Emergency Purchase Program by \u20ac600 billion, or $674.5 billion and extend the program until June 2021 as the ECB kept interest rates unchanged. The Pound, Canadian and Australian dollars maintained net short positions against the dollar. The bearish dollar bets rose despite US Labor department surprise jobs report showing US economy regained 2.5 million jobs in May and the unemployment rate fell to 13.3%.<\/p>\n

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\n

CFTC Sentiment vs Exchange Rate<\/h2>\n\n\n\n\n\n\n\n\n\n\n
June 09 2020<\/b><\/td>\nBias<\/b><\/td>\nEx RateTrend<\/b><\/td>\nPosition $ mln<\/b><\/td>\nWeekly Change<\/b><\/td>\n<\/tr>\n
CAD<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n-1851<\/td>\n601<\/td>\n<\/tr>\n
AUD<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n-2544<\/td>\n265<\/td>\n<\/tr>\n
EUR<\/b><\/td>\nbullish<\/td>\nnegative<\/td>\n13555<\/td>\n2211<\/td>\n<\/tr>\n
GBP<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n-1913<\/td>\n914<\/td>\n<\/tr>\n
CHF<\/b><\/td>\nbullish<\/td>\npositive<\/td>\n232<\/td>\n-935<\/td>\n<\/tr>\n
JPY<\/b><\/td>\nbullish<\/td>\npositive<\/td>\n2026<\/td>\n-1722<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nTotal<\/td>\n9506<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

 <\/p>\n

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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 short bets rebounded to $9.51 billion from $8.18 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 9 and released on Friday June 12. The change in overall dollar position resulted mainly due 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-172191","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/172191","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=172191"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/172191\/revisions"}],"predecessor-version":[{"id":172193,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/172191\/revisions\/172193"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=172191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=172191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=172191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}