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
Bullish
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
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • 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: https://t.co/KDjIjLdTSk https://t.co/CHE6IOq3K5
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/Agl1q6EQyu
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/UmubxiDXGc
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/e4G1gTGhex
  • 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: https://t.co/kODPAfJE79 https://t.co/pS48NIuwqX
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/arxYmtQeUn https://t.co/gFVVZTGbe1
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/nHXiNJhLes
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/h0TmJcZeqr
  • $USDCAD sold off aggressively last week, putting it into position to test the important 2017 low; trading bias is neutral to bearish. Get your market update from @PaulRobinsonFX here: https://t.co/sphxUAW9TB https://t.co/ZhsTeJOOM8
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/qP96xmgDVn
S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

Daniel Dubrovsky, Strategist

S&P 500, Dow Jones, AUD/USD Trader Positioning - Talking Points

  • IG Client Sentiment hints S&P 500 may fall
  • Dow Jones outlook pointing bearish as well
  • AUD/USD risks extending losses after top

In this week’s webinar on IG Client Sentiment (IGCS), I discussed the outlook for the S&P 500, Dow Jones and growth-linked Australian Dollar. IGCS is a contrarian indicator. For a deeper dive into what this means and for fundamental analysis, check out the recording of the session above where I also outlined the road ahead for NZD/USD, USD/JPY and GBP/JPY starting around the 30-minute mark.

S&P 500 Sentiment Outlook - Bearish

The IGCS gauge implies that roughly 44% of retail traders are net long the S&P 500. Exposure to the upside has swelled by 26.77% and 65.13% over a daily and weekly basis respectively. Recent changes in sentiment warn that the current price trend may soon reverse lower despite the fact traders remain netshort.

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

S&P 500 Technical Analysis

S&P 500 futures have confirmed a breakout under key rising support from March. Prices were then subsequently caught by the medium-term 50-day Simple Moving Average (SMA). A hold here could reinstate the focus to the upside as prices pressure former support from earlier this year between 3337 and 3397.

S&P 500 Futures – Daily Chart

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

S&P 500 Chart Created in Trading View

Dow Jones Sentiment Outlook - Bearish

The IGCS gauge implies that roughly 49% of retail investors are net long the Dow Jones Industrial Average. Upside exposure has increased by 45.09% and 42.39% over a daily and weekly basis respectively. Recent changes in sentiment warn that the current price trend may soon reverse lower despite the fact traders remain netshort.

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

Dow Jones Futures Technical Analysis

Dow Jones futures are pressuring key rising support from May, though a downside breakout is unconfirmed. This follows a top just under highs from earlier this year, establishing key resistance between 29263 – 29523. Further losses, especially beyond the 50-day SMA, opens the door to a reversal towards the 26193 – 26494 inflection zone.

Follow me on Twitter @ddubrovskyFX for updates on price trends and retail positioning!

Dow Jones Futures – Daily Chart

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

Dow Jones Chart Created in Trading View

AUD/USD Sentiment Outlook - Bearish

The IGCS gauge implies that about 47% of retail traders are net long the sentiment-linked AUD/USD. Net long bets have decreased by 2.23% over a daily basis while rising 10.64% over a weekly period. Recent changes in sentiment warn that the current price trend may soon reverse lower despite the fact traders remain netshort.

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

AUD/USD Technical Analysis

AUD/USD recently extended losses after appearing to top around highs from December 2018. Prices have since inched closer to retesting the former falling trend line from 2013. Just below that sits the 50-day SMA. A combination of these could make for a key support zone, which if taken out, could risk a downside reversal.

AUD/USD – Daily Chart

S&P 500, Dow Jones, AUD/USD Forecast: Retail Investors Buying the Dip?

AUD/USD Chart Created in Trading View

*IG Client Sentiment Charts and Positioning Data Used from September 8th Report

--- Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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

DISCLOSURES