FTS Daily Signal Report · 2026-07-27 + Digital Currency Index Update

18-Market Core FTS · EOD Settle Signal · Same-Session Execution

The systematic book stayed defensive and did not blink. No position changes into Friday’s close. The model is carrying a Treasury steepener, long the 30Y against shorts in the 5Y and 10Y, which is the right structure if the Fed leans on the front end this week.

Equity index exposure is still net long, ES and QR each at 310 days in, a position this trend has held since last September. But the tape is testing it. NQ broke weekly support on Friday, and a long equity book into a fragile FOMC is the part of the model we are watching hardest. The Nikkei short is the hedge inside the sleeve.

The cleanest expression right now is currencies. The book is short the entire dollar bloc, Euro, Yen, Pound, and Franc, with the Aussie the lone neutral. That is a coherent short-dollar tilt, and the Yen short at 107 days in has been the standout carry.

Energy is split, long crude and short RBOB, capturing the crack rather than the flat price. Metals sat flat except a small copper long. The book did its job…