Market Sentiment

1. Nikkei Stock Average – a Japanese stock index.

1. Northern Star Resources Ltd – an Australian gold mining company.

US dollar bullish bets declined to $18.18 billion from $19.84 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 December 17 and released on Friday December 20. The ICE US dollar index declined after the Federal Reserve left interest rates unchanged while New York Federal Reserve said next day it would increase the amount of funds it would inject into the multi-trillion dollar repo market.

US dollar net long bets rose to $19.84 billion from $18.36 billion against the major currencies during the last three weeks, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 10 and released on Friday December 23. The increase in bullish dollar bets continued as durable goods orders resumed growing in October (rising 0.6% after a 1.4% decline in September) as did factory orders, and the unexpectedly strong nonfarm payrolls report showed US economy added 266,000 new jobs in November.

1. Tullow Oil PLC – a British oil company.

1. Coffee – CFD for Arabica coffee brand.

1. Northern Star Resources Ltd is an Australian gold mining company.

1. Centrica plc is a British supplier of electricity and natural gas to consumers.

US dollar bullish bets rise continued to $18.36 billion from $16.18 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 November 19 and released on Friday November 22. The increase in bullish dollar bets was intact as retail sales growth rebounded in October to 0.3% after a 0.3% decline in September, despite US federal budget deficit’s 34% rise in October from a year ago, and St Louis Fed president Bullard said the “key risk” facing the US economy is a sharper-than-expected slowdown despite the Fed’s recent interest rate cuts.

US dollar net long bets increase continued to $16.18 billion from $13.33 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 November 12 and released on Friday November 15. The ICE US dollar index advance continued on positive data and hawkish central bank officials’ comments: the University of Michigan consumer sentiment index rose to 95.7 from 95.5 in October, initial jobless claims were below forecast for the week, while Chicago Fed President Charles Evan said the US economy may not need additional interest rate cuts.

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