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
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
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
Real Time News
  • China National Offshore Oil Corp (CNOOC) plunged nearly 10% in Hong Kong on Monday after Trump Administration put it onto export blacklist alongside several other Chinese firms.
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.27% Gold: -0.86% Silver: -2.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/o4wizaAcjD
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.21% 🇯🇵JPY: 0.18% 🇨🇭CHF: 0.12% 🇪🇺EUR: 0.07% 🇦🇺AUD: 0.06% 🇨🇦CAD: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/t7tsKRwoku
  • Volatility in forex trading is a measure of the frequency and extent of changes in a currency's value. More volatility means more trading risk, but also more opportunity for traders as the price moves are larger. Learn more about volatility here: https://t.co/M04SelwdDE https://t.co/OtLcdaikP1
  • The general tone and trend for global stocks is favorable for higher prices as a new week and the final month of the year arrives.Get your #equities technical analysis from @PaulRobinsonFX here:https://t.co/KXERPuw8sL https://t.co/wtdbaIIWw3
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.03%, while traders in EUR/USD are at opposite extremes with 76.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8T2gdjJ3Xz
  • #Copper futures storming toward $3.50 as Chinese manufacturing and non-manufacturing PMI exceed market expectations Prices look set to challenge key resistance at the 127.2% Fib extension as RSI and MACD climb to their highest levels since July. $CPER #XCUUSD https://t.co/gdtX56jYP5
  • China A50 index attempts to defy gravity amid souring sentiment across the APAC. Financial stocks were leading the gains: - Ping An Insurance (+2.07%) - Citic Securities (+3.08%) - ICBC (+4.93%) - CCB (+2.79%) https://t.co/SN6wabgJpu
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/ 3:00 AM GMT for insight on the cross-market outlook in the week ahead. Register here: https://t.co/E213bTtq5C https://t.co/Gyu02dXP46
  • #ASX200 futures pulling back aggressively as the Trump administration blacklists Chinese firms #SMIC and #CNOOC Breaching confluent support at the Pitchfork median and November 9 high (6551) could ignite a correction towards the November 7 low (6470) $XJO #technicalanalysis https://t.co/uctNXT2MMZ
Australian Dollar Outlook Improves as Crowd Changes Direction

Australian Dollar Outlook Improves as Crowd Changes Direction

2017-01-30 20:35:00
David Rodriguez, Head of Product
Share:
Australian Dollar Outlook Improves as Crowd Changes Direction

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

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.36 as 42% of traders are long. Yesterday the ratio was -1.30; 43% of open positions were long. Long positions are 1.1% lower than yesterday and 3.3% below levels seen last week. Short positions are 3.0% higher than yesterday and 8.6% above levels seen last week. Open interest is 1.2% higher than yesterday and 6.3% above 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 further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

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

DISCLOSURES