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EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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  • US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/13/us-dollar-outlook-dxy-index-eyes-retail-sales-data-yields.html $USD #Forex #Trading https://t.co/10Hb8pYSp1
  • 🇳🇿 Business NZ PMI (APR) Actual: 58.4 Previous: 63.6 https://www.dailyfx.com/economic-calendar#2021-05-13
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:https://t.co/AEnQCXnwAL https://t.co/kUV7xoSWxZ
  • Heads Up:🇳🇿 Business NZ PMI (APR) due at 22:30 GMT (15min) Previous: 63.6 https://www.dailyfx.com/economic-calendar#2021-05-13
  • Chile central bank holds rate at 0.5% - BBG
  • The S&P 500 has broken beneath an important trendline from March 2020 as losses mount. Get your S&P500 market update from @PeterHanksFX here:https://t.co/aAc3vrKr7M https://t.co/RwQajLrpJy
  • USD/CAD briefly traded up to 1.22 before retreating to its current level around 1.216 $USDCAD https://t.co/eNc4JmYfKI
DailyFX Analysts' Weekly Forecasts

DailyFX Analysts' Weekly Forecasts

Thomas Long, Course Instructor

Most experienced traders first determine the general mood of the market before looking for a trade.  Should the market be moving up or moving down in the week ahead?  There is alot of information to take into account to develop a bias and the analysts at DailyFX offer their thoughts every Monday for you to use in your trading approach.  You can find this by first clicking on the "Forex Market News" button at the top of the first page and then clicking on the "Forecasts" button.
 

forecasts

Below is an example of what you will then see.

weekly forecast

The analysts give their opinion of whether the market should be bullish (moving up) or bearish (moving down) for the week.  If you then click on the currency you are following, you will find detailed reasons about how they developed that opinion.  This gives traders an edge in their trading decisions as then they simply look for a trading opportunity in that same direction.  It is also important to note that the market environment can change quickly in the FX markets, so traders should always trade with a protective stop in the market to limit their risk.
 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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