Archives of “November 23, 2019” day

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CFTC commitment of traders: EUR shorts increase in the current week. Largest speculative position.

  
Analysis, Forex

Forex futures positioning data for the CFTC for the week ending November 19, 2019

  • EUR short 63K vs 58K short last week. Shorts increased by 5K
  • GBP short 32K vs 28K short last week. Shorts increased by 4K
  • JPY short 35K vs 35K short last week. Unchanged
  • CHF short 16K vs 15K short last week. Shorts increased by 1K
  • AUD short 47k vs 41K short last week. Shorts increased by 6K
  • NZD short 35K vs 36K short last week. Shorts trimmed by 1K
  • CAD long 29k vs 42K long last week.  Longs trimmed by 13K

Highlights:

  • EUR shorts remain the largest speculative position The short position is near the middle of the high to low range over the last year.
  • CAD is the largest and only, net long position (short USD position). However, the position was pared by 13K
  • AUD shorts increased by 6K
The EUR net short position

Ray Dalio debunks WSJ story about his bearish position

  
  Analysis
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Ray Dalio from Bridgewater Associates responsed to WSJ article

It was reported by the Wall Street Journal earlier today that Ray Dalio from Bridgewater Associates had a 1.5 billion bearish option position on the S&P and Eurostoxx 600 index.
Dalio is out with a tweet debunking the story. He tweets:
 Ray Dalio from Bridgewater Associates responsed to WSJ article
Even if he did, or does,  have a 1.5 billion option position (it is not clear), it would dwarf the money under management (and likely long position).

The major indices end the week with modest gains. Dow and S&P broke 3 day slides

  
Analysis, US Market
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For the week, the major indices moved lower

The major indices are ending the week with modest gains. The Dow and S&P ended a three-day slide.
  • S&P index rose 6.64 points or 0.21% at 3110.18.
  • NASDAQ index rose 13.68 points or 0.16% at 8519.89
  • Dow rose 107.32 points or 0.39% at 27873.68
For the week, the major indices closed lower. The NASDAQ index is closing lower for the 1st time in 7 weeks.  The declines were relatively modest. The numbers are showing:
  • S&P index, -0.33%
  • Nasdaq index, -0.25%
  • Dow, -0.47%
Overall, if this is a down week, it certainly was not a disaster.
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