CNN report
CNN reports that the US House Intelligence Committtee could open hearings on President Trump’s impeachment as soon as next week.
A separate report from the WSJ says they are seeking documents about the delay in aid to the Ukraine.
Archives of “September 28, 2019” day
rssCFTC Commitments of Traders: Canadian dollar buyers bail
Forex futures positioning data for the week ending September 24, 2019 from the CFTC:
- EUR short 61K vs 69K short last week. Shorts trimmed by 8K
- GBP short 81K vs 86K short last week. Shorts trimmed by 5K
- JPY long 13K vs 24K long last week. Longs trimmed by 11K
- CHF short 11k vs 5k short last week. Shorts increased by 6K
- AUD short 47k vs 54k short last week. Shorts trimmed by 7K
- NZD short 36K vs 30K short last week. Shorts increased by 6K
- CAD long 5K vs 20K long last week. Longs trimmed by 15K
There were some substantial moves across the board in this week’s data. There was no overarching theme in the US dollar. The loonie has stubbornly held onto longs but I suspect the jump in oil prices and lack of a corresponding climb in the loonie may have sent some specs to the sidelines — that data certainty hasn’t eroded.
Reminder: A week-long Chinese holiday starts on Tuesday
That could make for a quiet week next week
The US leak about Chinese investment limits is a bit of a dirty trick because of the timing of trading next week.
Chinese markets are open Monday then close until the following week. That will leave traders in a jam and surely scare away some of those on the long side.
The Shanghai Composite made some headway after the drop in early August but last week it formed a double top and it was already headed lower before the latest headlines.
Thought For A Day
