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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
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.

Data provided by
Wall Street
Mixed
Gold
Bearish
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
Bearish
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
More View more
Real Time News
  • Fed's Rosengren: - Expects "unusually strong post-pandemic recovery" - Running economy hot for prolonged periods has risks - Highly accommodative policy is currently appropriate - Financial stability risks are a threat in next recession #Fed $USD
  • ECB's Centeno: - Support measures should stay in place while needed - Premature removal of stimulus may result in substantial costs #ECB $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.09%, while traders in France 40 are at opposite extremes with 74.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wxHvel5wMw
  • Heads Up:🇺🇸 Fed Rosengren Speech due at 17:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-12
  • - Fed will be less preemptive on reacting to inflation - I do think we'll get more inflation this year
  • #Gold has continued to step back from the one month high hit around 1,755 last week, dropping to a fresh six day low around the 1,730 level today. $XAU $GLD https://t.co/I3qpQ1k7MR
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.54% Gold: -0.69% Silver: -1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/oC1w9BWJTn
  • - Hopeful that the economy can switch to high-productivity growth after the pandemic - Appetite for holding liquid government debts is insatiable and this trend does not look to be reversing
  • USD/CAD attempts to retrace the decline following the update to Canada’s Employment report in an effort to retain the opening range for April. Get your $USDCSD market update from @DavidJSong here:https://t.co/TZ7s4X1VXF https://t.co/aqycOmCINp
  • - Will defer to Chair Powell to begin tapering discussion - We remain on the lookout for financial stability risks - Improved regulatory frameworks put in place since the financial crisis have helped mitigate these risks
Market Positioning Data Show Retail Traders Long Silver and Gold | Webinar

Market Positioning Data Show Retail Traders Long Silver and Gold | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • IG client sentiment data show that retail traders are overwhelmingly long both silver and gold, and that’s sending contrarian bearish signals for both precious metals
  • More generally, the markets seem to be pausing for breath, with a firmer US Dollar sending most other currencies lower.
Advertisement

Trader sentiment data send bearish signals for silver and gold

IG client sentiment data show that traders are overwhelmingly long both gold and silver, as well as cryptocurrencies Litecoin and Ether. At DailyFX, we typically take a contrarian view to crowd sentiment and the data are therefore sending bearish signals for both precious metals.

The positioning of traders can be seen in the chart below, where SI is silver and GC is gold.

IG client sentiment data.

The resulting signals can be seen in the following table:

Market Positioning Data Show Retail Traders Long Silver and Gold | WebinarMarket Positioning Data Show Retail Traders Long Silver and Gold | WebinarMarket Positioning Data Show Retail Traders Long Silver and Gold | Webinar

Source: IG/DailyFX

Silver Bearish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 0% -4% 0%
Weekly 1% -4% 1%
What does it mean for price action?
Get My Guide
Gold Bearish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 6% 0% 5%
Weekly 6% 1% 5%
What does it mean for price action?
Get My Guide

In this webinar, I looked at the trends in the major currency, commodity and stock markets, at the forward-looking data on the economic calendar this week, at the IG Client Sentiment page on the DailyFX website, and at the IG Client Sentiment reports that accompany it. You might also like to check out the DailyFX Trading Global Markets Decoded podcasts.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me on Twitter @MartinSEssex

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

DISCLOSURES