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- Friday, 16 October 2009 23:05:12 GMT Risk Appetite Stalls But the Dollar and Dow Maintain Trend Through Week's End
- Friday, 16 October 2009 21:47:18 GMT Market Volatility Consolidates following Disappointing Earnings (Forex Video)
- Friday, 16 October 2009 10:35:56 GMT British Pound Retraces, Euro Grapples with 1.50 Against US Dollar
- Friday, 16 October 2009 16:02:03 GMT Will A Pullback In Equities Sink The Euro?
- Friday, 16 October 2009 05:27:00 GMT Euro Down Ahead of Trade Data, Markets to Gauge Currency Impact on Exports (Euro Open)
- Friday, 16 October 2009 08:38:27 GMT Tech Talk 10.16.2009
- Thursday, 15 October 2009 22:59:48 GMT The Dollar and Dow See Little Follow Through, Yet Currencies Produce Extreme Volatility (Forex Video)
- Thursday, 15 October 2009 15:41:32 GMT GBP/USD Advance Slows at Staunch Resistance Creating Scalping Opportunity
- Thursday, 15 October 2009 14:30:15 GMT British Pound Forecast to Rally further on Forex Sentiment
- Thursday, 15 October 2009 06:51:38 GMT New Zealand Dollar Gains as Inflation Outperforms But Rate Hikes Look Suspect (Euro Open)
- Wednesday, 14 October 2009 18:24:03 GMT US Dollar Initially Drops on Indications the Fed Could Expand MBS Purchases
- Wednesday, 14 October 2009 22:24:51 GMT Dollar Follows the Dow's Push Above 10,000 Instead of Strong Retail Sales (Forex Video)
- Wednesday, 14 October 2009 05:36:26 GMT US Dollar Drops to New Low as Chinese Export Figures Boost Risk Appetite (Euro Open)
- Tuesday, 13 October 2009 21:55:42 GMT Dollar, Markets Maintain Their Sentiment-Based Momentum Despite Data (Forex Video)
- Tuesday, 13 October 2009 16:50:57 GMT Defined Trading Levels Makes USD/JPY Attractive For Scalpers
- Tuesday, 13 October 2009 04:22:35 GMT US Dollar Holds Up Despite Asian Stock Gains, UK CPI and German ZEW on Tap (Euro Open)
- Tuesday, 13 October 2009 05:28:14 GMT Risk Aversion and Geopolitical Tensions Creep In (Opening Comment)
- Tuesday, 13 October 2009 02:27:39 GMT Declining U.K. Consumer Prices Would Validate Bearish Pound Technical Outlook
- Monday, 12 October 2009 21:51:52 GMT Traders Leaning on the Dollar as its Dominance Continues to Falter (Forex Video)
- Monday, 12 October 2009 14:50:59 GMT Forex Strategy Outlook: US Dollar Range Likely to Hold on Low Volatility
Forex trading speculators continue to sell US dollars according to FXCM Speculative Sentiment Index, and this has coincided with strong declines in the Euro/US Dollar and other major forex pairs. Indeed, our Speculative Sentiment Index has done a good job of forecasting general direction in the EURUSD, GBPUSD, USDCHF, and USDCAD through the past week of trade. Key questions remain as to whether it will continue to do so, however, as many signs suggests we are near the end of the US dollar rally.
According to the CFTC's Commitment of Traders report on Futures markets, speculative US dollar longs have gained to their highest levels since late 2005--a clear sign that forex trading sentiment has become extremely bullish the US dollar. Though short and medium term momentum remains in its favor, the exceedingly high level of speculative forex future long positions increases the likelihood of sharp pullbacks. Increasingly indecisive forex retail traders likewise show signs that they may begin to buy US dollars--a contrarian signal that could forecast the end of the US dollar's sharp rally. Read individual sections below to study forex positioning statistics on major currency pairs.
EURUSD – Euro Outlook Remains Bearish, but Watch for Short-term EURUSD Bounce
GBPUSD – Forex Trading Markets Remain Indecisive on the British Pound
USDJPY – Currency Traders Accurately Signal Japanese Yen Gains
USDCHF – Forex Traders Remain Bearish, Signal Rallies
USDCAD – Canadian Dollar Forecast to Rally Against US Dollar
While the SSI is available once a week on DailyFX.com, you can receive SSI readings twice a day in DailyFX Plus Forex Intraday Trading Signals
The SSI sought a EURUSD rally since 1.26 and was signaling a reversal around 1.60. Find our more in the DailyFX Forex Forum
We love feedback on our articles. To contact the author of this report, e-mail drodriguez@dailyfx.com.
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