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.

Free Trading Guides
EUR/USD
Bullish
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.

Data provided by
USD/JPY
Mixed
Gold
Bearish
Oil - US Crude
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.

Data provided by
Bitcoin
Mixed
More View more
Real Time News
  • Oh, darn. https://t.co/Ad1n6Kp2tA
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.54%, while traders in USD/CAD are at opposite extremes with 69.21%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UF0y0Sw797
  • $USDKRW up over 0.5% after BOK Governor hinted possibility of Q1 GDP contraction, bringing up rate cut potential depending on #coronavirus assessment. They are not considering tools such as QE but he did bring up that they have unconventional ones - https://t.co/sl3gYBKYd3 https://t.co/P13unLL4gh
  • Bank of Korea's Lee: It is possible South Korean GDP will contract in the first quarter, still have room to take actions if needed. Have unconventional tools to some degree -BBG
  • Bank of Korea's Lee: Two members opposed today's decision to hold rates -BBG
  • The #Euro may be close to resuming the downtrend against the US Dollar after managing a shallow recovery from support just below the 1.08 figure. Get your $EUR market update from @IlyaSpivak here: https://t.co/WJCO0fVagR https://t.co/ytCj6HqOVE
  • Bank of Korea's Governor Lee: Coronavirus outbreak affecting consumption and exports. Latest GDP view is based on virus peaking in March. Negative virus impact likely to be concentrated in 1Q -BBG
  • #Brazil benchmark equity index #Ibovespa suffered its biggest one-day decline since May 2017 and broke a 2-year uptrend after news broke that Latin America's largest country reported its first case of #Covid_19. It may be a painful session ahead when local markets open. https://t.co/YFLJD1gCVs
  • Bank of Japan's Kataoka: It is appropriate for the central bank to lower interest rates, BoJ should strengthen forward guidance. Coordination with fiscal policy very important -BBG
  • Looking at my majors-based #Yen index, #JPY could have quite the room to rally on average if there is a deeper turn in equities. The currency has still largely been consolidating since December on average and a break above the January and February highs could mark a bullish trend https://t.co/fIA4BeTmyf
Mixed Messages From Market Sentiment Indicators as USD Strength Persists

Mixed Messages From Market Sentiment Indicators as USD Strength Persists

2018-05-08 11:18:00
Martin Essex, MSTA, Analyst and Editor
Share:

Market sentiment talking points:

- Indicators of market confidence are sending mixed signals, with AUD/JPY falling but Wall Street stable and the FTSE 100 strengthening.

- That leaves traders free to concentrate on trending assets like the USD, EUR, GBP and oil.

- In this webinar I took a look at market sentiment, confidence and positioning, as well as which markets are currently on the move.

For a longer-term outlook take a look at our Q2 forecast for USD.

Traders are currently neither putting more money into the markets nor cashing in, putting the spotlight on those markets that are currently trending such as the US Dollar and oil (up), and the Euro and British Pound (both down).

The week is also a quiet one for confidence indicators, with the only important one the University of Michigan index of US consumer sentiment, due on Friday.

Emphasizing the lack of overall drivers, the Canadian Dollar, which generally moves with the oil price, is currently failing to benefit from the present strength of crude.

Resources to help you trade the forex markets

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: analytical and educational webinars hosted several times per day, trading guides to help you improve your trading performance, and one specifically for those who are new to forex. You can learn how to trade like an expert by reading our guide to the Traits of Successful Traders.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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

DISCLOSURES

News & Analysis at your fingertips.