Archives of “May 8, 2021” day

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CFTC commitments of traders: The loonie longs increased by 10K in the current week

  
Analysis, Forex

Weekly forex futures positioning data from the CFTC for the week ending May 4, 2021

  • EUR long 85K vs 81K long last week. Longs increased by 4K
  • GBP long 20K vs 29K long last week. Longs trimmed by 9K
  • JPY short 41K vs 49K short last week. Shorts trimmed by 8K
  • CHF square vs 1K short last week. Shorts decreased by 1K
  • AUD long 1K vs 1K short last week. Longs increased by 2K
  • NZD long 9K vs 7K long last week. Longs increased by 2K
  • CAD long 26K vs 16K long last week. Longs increased by 10K

Highlights:

  • The CAD longs increased by 10K as the loonie moves to new highs going back to 2017.
  • The largest position remains the largest of the positions.
  • The JPY is the largest and only short but it’s position was trimmed by 8K this week.
  • The CHF and AUD are near square.

Dow and S&P close at record levels

  
Analysis, US Market

Major indices all close higher

The major US indices are closed higher.  The gains were led by the NASDAQ index. The S&P and Dow industrial average both closed at record levels.

The final closing levels are showing:
  • S&P index up 30.81 points or +0.73% at 4232.42 . The high for the day reached 4238.04. The low was that 4201. 64
  • NASDAQ index closed up 119.4 points or 0.88% at 13752.24.  The high for the day reached 13828.62.  The low reached 13690.75
  • Dow  Rose 228.9 points or 0.66% at 34777.43. It’s high reached 34811.39. The low reached 34464.31.
  • The Russell 2000 index rose by 30.21 points or 1.35% at 2271.
For the trading week, the NASDAQ index declined while the Dow and S&P both rose.
  • S&P index rose 1.23%
  • NASDAQ index fell -1.51%
  • Dow industrial average rose 2.67%
The biggest gainer of the Dow 30 this week was DuPont which rose by 7.43%. Other leaders this week included:
  • Chevron, +6.74%
  • Goldman Sachs, +6.41%
  • Amgen +6.03%
  • Caterpillar, +5.65%
  • Merck, +5.25%
  • Cisco, +4.91%
  • JPMorgan, +4.83%
Losers in the Dow this week included:
  • Salesforce, -6.0%
  • Apple, -0.96%
  • Visa, -0.6%
  • Disney, -0.59%
  • McDonalds, -0.51%
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