The US dollar continued weakening

The US Fed kept the interest rate at the level of 1.2%. Meanwhile, it was noted that the US economy is growing slowly, the inflation has not reached the target level of 2% yet, the labor market is stable. This information slightly disappointed investors. According to the FedWatch futures, the probability of the Fed rate hike in the current year fell less than 50%. The US dollar index dropped for the third consecutive week amid this news.

commitment of traders weekly change

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions
Source: Market analysis

Leave a Reply

Your email address will not be published.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