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.

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
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
More View more
Real Time News
  • 🇺🇸 New Home Sales MoM (JUN) Actual: -6.6% Expected: 3.5% Previous: -7.8% https://www.dailyfx.com/economic-calendar#2021-07-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.88%, while traders in Wall Street are at opposite extremes with 72.92%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/leiNtJOg06
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 0.35% Gold: 0.06% Oil - US Crude: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5GFYVwsGKM
  • Heads Up:🇺🇸 New Home Sales MoM (JUN) due at 14:00 GMT (15min) Expected: 3.5% Previous: -5.9% https://www.dailyfx.com/economic-calendar#2021-07-26
  • A somewhat relatively subdued start to the week for the Euro, with the currency remaining anchored around the 1.18 handle. Get your market update from @JMcQueenFX here:https://t.co/9e9i7pW8DQ https://t.co/54lOyEZbed
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.01% US 500: -0.13% Wall Street: -0.18% Germany 30: -0.22% FTSE 100: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/X9yC7S8wfC
  • DoJ are reportedly examining if Tether misled banks about Crypto business
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/0ZqB956gzL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.64%, while traders in Wall Street are at opposite extremes with 72.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/U4iArvw7Al
  • LIVE NOW: Join Technical Strategist @MBForex for his Weekly Strategy Webinar to review the setups we're tracking into the open! - https://t.co/chKtG7ezG9
Sentiment Data Send Bearish Signal on USD/JPY as Uptrend Persists | Webinar

Sentiment Data Send Bearish Signal on USD/JPY as Uptrend Persists | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • Trader confidence has fallen since the Federal Reserve surprised markets last week by being unexpectedly hawkish.
  • That has boosted the US Dollar all round and, while it is now off its highs, it continues to look firm against the Japanese Yen.
  • There is a warning signal though from retail trader positioning data, which are sending out a contrarian bearish signal on USD/JPY.
Advertisement

Trader confidence battered

Traders continue to prefer safe havens to riskier assets in the wake of last week’s surprisingly hawkish comments by the Federal Reserve. That has boosted the US Dollar all round and, even though it has eased from the highs against many other currencies, it continues to trend higher against the Japanese Yen.

At DailyFX, though, we take a contrarian view of retail trader positioning and that means the near-term outlook for USD/JPY could be negative judging by the latest IG client sentiment data.

Sentiment Data Send Bearish Signal on USD/JPY as Uptrend Persists | Webinar

Source: DailyFX (You can click on the chart for a larger image

The retail trader data show 47.83% of traders are net-long, with the ratio of traders short to long at 1.09 to 1. The number of traders net-long is 10.33% higher than yesterday and 7.93% lower than last week, while the number of traders net-short is 3.23% higher than yesterday and 12.72% lower than last week.

Here at DailyFX, we typically take a contrarian view of crowd sentiment, and the fact traders are net-short suggests USD/JPY prices may continue to rise.Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USD/JPY price trend may soon reverse lower despite the fact traders remain net-short.

Sentiment Indicators: Using IG Client Sentiment Data

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.

DISCLOSURES