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  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.09% France 40: 0.07% Germany 30: 0.01% US 500: -0.18% Wall Street: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Y0JC4KGfgb
Market Positioning Data Sending Bearish Signals for US Dollar | Webinar

Market Positioning Data Sending Bearish Signals for US Dollar | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • IG client sentiment data are sending out bearish signals for the US Dollar against the Euro, the Japanese Yen, the Australian Dollar and the New Zealand Dollar.
  • The signals come ahead of Thursday’s much-anticipated US inflation data and the conclusion of the ECB meeting on Eurozone monetary policy.
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Trader positioning data point to weak USD

IG client sentiment data, which track the positioning of traders using the company’s platforms, are suggesting a weaker US Dollar against several other currencies. At DailyFX we take a contrarian view of retail trader positioning and the current signal are bullish EUR/USD, AUD/USD and NZD/USD as well as bearish USD/JPY.

These signals come as stock markets remain generally firm worldwide ahead of Thursday’s two key events: the release of US inflation data and the monetary policy announcement by the European Central Bank.

IG Client Sentiment Data

Market Positioning Data Sending Bearish Signals for US Dollar | Webinar

Source: DailyFX (You can click on it for a larger image)

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.

--- Written by Martin Essex, Analyst

Feel free to contact me on Twitter @MartinSEssex

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

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