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of clients are net short.
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Note: Low and High figures are for the trading day.

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of clients are net long.
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  • (ASEAN Tech) US Dollar Analysis, Downside Bias May Hold: USD/SGD, USD/THB, USD/IDR, USD/PHP #USD $USDSGD $USDTHB $USDIDR $USDPHP #ASEAN https://www.dailyfx.com/forex/technical/article/special_report/2021/04/30/US-Dollar-Analysis-Road-Ahead-Bumpy-USDSGD-USDTHB-USDIDR-USDPHP.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/aWlBsjC5sR
  • Crude Oil Prices May Turn Lower From Key Chart Barrier - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/06/Crude-Oil-Prices-May-Turn-Lower-From-Key-Chart-Barrier.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #OOTT #CrudeOil https://t.co/SSZI6r8o6a
  • The Canadian Dollar may resume its broader advance against the Japanese Yen given the less-dovish scope of the BoC compared to the BoJ now and perhaps in the long run.Get your $CAD market update from @ddubrovskyFX here:https://t.co/LjuvBh7pL3 https://t.co/PTZ3l2rwvp
  • Risk trends heading into European and US trading sessions is struggling for conviction. The Dow 'broke' to a fresh record high while the $NDX has its range break lower. Their 10-day correlation is the most negative since June 2018 https://www.dailyfx.com/forex/video/daily_news_report/2021/05/06/EURUSD-and-GBPUSD-Staged-for-Breakouts-but-Where-are-the-Sparks-Before-NFPs.html https://t.co/5IlbQbeZpf
  • 5-year breakeven rate has reached a 13-year high as commodity prices soared. The two exhibited strong positive correlation over the past five years. Will this trend be sustained? https://t.co/qKTv4U3tOZ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.20%, while traders in France 40 are at opposite extremes with 81.43%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dQxPADf7NV
  • Gold prices have slipped lower in recent days. However, this seems to be only a temporary set-back as the long-term technical outlook continues to hint at further gains ahead. Get your $XAUUSD market update from @DanielGMoss here:https://t.co/6Zuyx9UapR https://t.co/o0lDwHEROi
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.05% 🇨🇦CAD: -0.05% 🇬🇧GBP: -0.08% 🇳🇿NZD: -0.15% 🇯🇵JPY: -0.18% 🇦🇺AUD: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0Rac5Jbkwc
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.05% Wall Street: -0.04% France 40: -0.05% Germany 30: -0.07% US 500: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9K9bEY3UGo
  • The Dollar is poised with an inverse head-and-shoulders pattern, but it needs a catalyst to make something of the setup. $EURUSD has a wedge and may need to weight for #NFPs but $GBPUSD has the smallest 50-day range since July 2014 and the #BOE later today https://www.dailyfx.com/forex/video/daily_news_report/2021/05/06/EURUSD-and-GBPUSD-Staged-for-Breakouts-but-Where-are-the-Sparks-Before-NFPs.html https://t.co/xOeVyB0SOo
Australian Dollar Likely to Hit Fresh Highs

Australian Dollar Likely to Hit Fresh Highs

David Rodriguez, Head of Product
Australian Dollar Likely to Hit Fresh Highs

Why and how do we use the SSI in trading? View our video and download the free indicator here

AUDUSD– Retail forex traders have sold aggressively into Australian Dollar gains versus the US Dollar, and a contrarian view of ‘crowd’ sentiment warns that the AUD/USD exchange rate may continue higher. Indeed, our data shows that traders are now at their most net-short the Aussie Dollar since the pair traded into yearly highs near the $0.7800 mark in April.

Until we see a substantive sentiment swing in the opposite direction, we see little reason to call for an Australian Dollar price turnaround. Instead we will look to buy into the most recent price break higher.

See next currency section: S&P - US Stocks Remain a Buy until this Changes

--- Written by David Rodriguez, Senior 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.

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