News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

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

Data provided by
More View more
Real Time News
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • The Australian Dollar remains vulnerable in the week ahead, eyeing risks such as a dovish RBA, surging Covid cases and recent crackdowns by Beijing. Might US NFPs offer some relief to AUD/USD? Get your weekly AUD forecast from @ddubrovskyFX here:
  • $AUDNZD closed at its lowest since December 2020 Prices pierced the 1.0541 - 1.0564 support zone, exposing the November low at 1.0418 A confirmatory downside close under support next week may open the door to further losses #AUD #RBA
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • The US Dollar seems to be losing its momentum against ASEAN currencies as of late. Could this be another top in USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.10% 🇪🇺EUR: -0.15% 🇯🇵JPY: -0.18% 🇬🇧GBP: -0.39% 🇳🇿NZD: -0.56% 🇦🇺AUD: -0.69% View the performance of all markets via
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: -0.05% Oil - US Crude: -0.25% Gold: -0.77% View the performance of all markets via
Bank of America Money Manager Survey Finds Sentinment Wavering

Bank of America Money Manager Survey Finds Sentinment Wavering

Daniel Giardina,

Talking Points:

  • BofA Merrill Lynch Fund Manager Surveys finds Investors worried about China, global growth
  • Investors move to record ‘underweight’ in Emerging Markets and ‘overweight’ on bank shares
  • SSI confirms a ‘risk concern’ bias with a -2.2 S&P 500 and -3.7 EURUSD position

Through the beginning of 2014, investors have grown concerned about the stability of the global financial system as turmoil in the emerging markets encouraged a closer review of the system. In a recent survey from Bank of America Merrill Lynch, the financial institution has offered a look into money managers’ (accounting for 145 managers and an approximate $456 billion in assets) expectations and concerns for the market. And, those concerns seem very similar to what we have seen from retail speculators.

Looking at the report, one of the most immediate highlights was the net 29% of respondents reported being underweight on the Emerging Market – a record. This concern moved up the scale with a net 40% worried that China’s economy would slow further, and those expecting a stronger global economy slipped to 56% from 75% the month before. Furthermore, ‘cash’ holdings (pulling out of speculative exposure) rose to 4.8% for the highest level of unease since July 2012. Perhaps one contradiction was the survey’s report that a net 28% of participants were ‘overweight’ bank shares – also a record. This may indicate while fund managers have adjusted, they have not fully given up on ‘risk’.

FXCM’s Speculative Sentiment Index presents evidence that the risk profile has shifted for retail traders as well. According to how retail traders are positioned, we find exposure to S&P 500 CFDs is 2.18 shorts per every 1 long (-2.18). With further risk exposure of their own, EURUSD positioning stands at -3.68, GBPUSD at -3.99 and NZDUSD (a carry trade pair) at -3.62.

Sign up for DailyFX-Plus for access to intraday updates to speculative retail positioning in the SSI report!

S&P 500 Chart from DailyFX Plus

Bank_of_America_Money_Manager_Surveyyes_Finds_Sentinment_Wavering_body_Picture_17.png, Bank of America Money Manager Survey Finds Sentinment Wavering

Written by Daniel Giardina, any comments, suggestions or feedback please email

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