Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD edges higher toward 1.0650 ahead of the weekend
EUR/USD has stretched higher toward 1.0650 in the American session on Friday with the US Dollar staying under selling pressure amid falling US T-bond yields. The risk-averse market atmosphere, however, seems to be limiting the pair’s upside heading into the weekend.
GBP/USD holds near 1.2150, looks to post weekly gains
GBP/USD has gained traction and returned to the 1.2150 area following the earlier pullback toward 1.2100. The pair remains on track to end the week in positive territory with the US Dollar staying on the back foot during the American trading hours on Friday.
Gold jumps to eleven-month high past $1,960
Gold price retreated to the $1,960 after having touched its highest level since April at $1,965 in the early American session on Friday. The benchmark 10-year US Treasury bond yield is down nearly 5% on the day near 3.4%, allowing XAU/USD cling to its impressive daily gains.
Read More
The United States Commodity Futures Trading Commission (CFTC) released data showing that the net position of their S&P 500 Non-Commercial (NC) category has increased to -$209.5K from the previous -$234.3K.
The S&P 500 Non-Commercial category is made up of all traders who conduct business that is not related to hedging for another business, investments or market analysis. These traders primarily consist of speculators, or those looking to make a profit on the market through pure financial speculation.
The current net position of -$209.5K is a large change from the previous position of -$234.3K. The increase of 24.8K implies that there has been an increase in speculative activities in the US S&P 500, which may be due in part to the recent announcement of an improved outlook for the US economy in the upcoming quarters.
Additionally, the larger role that speculative traders are playing in the market may indicate that investors have become more confident in the US S&P 500 Index, as shown by the increasing net position. With the current economic upturn and associated optimism, investors may be willing to make longer-term bets on the direction of the market.
The CFTC data shows that speculative activities in the US S&P 500 Index have increased and that investors continue to hold positive outlooks for the economy. This may suggest further bullishness for the market in the near term.
