Archives of “July 27, 2019” day

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CFTC Commitment of Traders: Positions are marginally changed

  
Analysis, Forex
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Forex futures positioning data among noncommercial traders for the week ending July 23, 2019

  • EUR short 39K vs 31K short last week. Shorts increased by 8K
  • GBP short 79K vs 76K short last week. Shorts increased by 3K
  • JPY short 9K vs 11K short last week. Short trimmed by 2K
  • CHF short 13k vs 12k short last week. Shorts increased by 1K
  • AUD short 48 k vs 53k short last week. Shorts trimmed by 5K
  • NZD short 12K vs 17K short last week. Shorts trimmed by 5K
  • CAD long 31K vs 21K long last week.  Longs increased by 10K
  • Prior week

Highlights:

  • GBP shorts remain as the largest position. The GBPUSD moved to new 27 month lows today rewarding those traders.
  • AUD shorts are the 2nd largest position and the AUD moved to new month lows today retracing the run higher from the June 10 low
  • The EUR shorts increased by 8K. The EURUSD moved modestly lower this week. The EUR short has been cut from over -100K short to 31K (the fall in short positions seems to have slowed over the last month.
  • Speculators remain long the CAD. It is the only major foreign-currency long position versus the US dollar

Forex futures positioning data among noncommercial traders for the week ending July 23, 2019

S&P and NASDAQ indices close at record high levels

  
Analysis, US Market

The Dow industrial average lagged behind but still closes higher

The S&P index the NASDAQ index both closed at record high levels. The Dow industrial average lagged behind but still closed higher on the day.  The Dow remains below its record high as Boeing and Caterpillar declines this week on earnings hurt that index. Nevertheles for the week, it still eked out a gain for the week.
The final numbers are showing:
  • The S&P index rose 22.19 points or 0.74% at 3025.86
  • The NASDAQ index rose 91.67 points or 1.11% at 8330.21
  • The Dow industrial average rose 51.47 points or 0.19% 27192.45.
For the week, the NASDAQ index led the way to the upside:
  • S&P index rose 1.65%
  • NASDAQ index rose 2.26%
  • Dow industrial average rose 0.14%
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