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
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
Wall Street
Bullish
Gold
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
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
Breaking news

Bank of England Tapers QE Purchases, leaves Bank Rate & APF Target Unchanged

Real Time News
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.52% 🇪🇺EUR: 0.45% 🇨🇦CAD: 0.18% 🇬🇧GBP: 0.03% 🇯🇵JPY: 0.00% 🇳🇿NZD: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MWkCbzgRbd
  • Heads Up:🇺🇸 Initial Jobless Claims (01/MAY) due at 12:30 GMT (15min) Expected: 540K Previous: 553K https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇺🇸 Jobless Claims 4-week Average (MAY/01) due at 12:30 GMT (15min) Previous: 611.75K https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇺🇸 Continuing Jobless Claims (24/APR) due at 12:30 GMT (15min) Expected: 3620K Previous: 3660K https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇨🇿 CNB Interest Rate Decision due at 12:30 GMT (15min) Expected: 0.25% Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-05-06
  • A “PIP” – which stands for Point in Percentage - is the unit of measure used by forex traders to define the smallest change in value between two currencies. Learn how to understand pips in forex here: https://t.co/AfAhmIoVZv https://t.co/YSFEXT85XU
  • - MPC will focus on medium term inflation risks, not transitory risks
  • BoE's Bailey says CPI to rise above 2% at end of the year due to transitory developments - these temporary inflation effects have little medium-term significance
  • BoE's Bailey says CPI to rise above 2% at end of the year due to transitory developments - these temporary inflation effects have little medium-term significant
  • US & China trade negotiators may hold their first conversation soon to review the phase one trade deal, two sources familiar -SCMP
Australian Dollar Forecast Remains Bullish

Australian Dollar Forecast Remains Bullish

David Rodriguez, Head of Product
Australian Dollar Forecast Remains Bullish

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.08 as 48% of traders are long. Yesterday the ratio was -1.14; 47% of open positions were long. Long positions are 5.3% higher than yesterday and 4.5% below levels seen last week. Short positions are 0.1% lower than yesterday and 3.2% below levels seen last week. Open interest is 2.4% higher than yesterday and 6.3% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the AUDUSD may continue higher. The trading crowd has grown less net-short from yesterday but further short since last week. The fact that crowds are net-short gives us a modestly bullish AUDUSD trading bias.

See next currency section:NZDUSD - New Zealand Dollar in Position to Gain

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES