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
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
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
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
Mixed
More View more
Real Time News
  • Yuan reference rate set at 6.4612 versus USD - BBG
  • Heads Up:🇦🇺 Consumer Inflation Expectations (MAY) due at 01:00 GMT (15min) Previous: 3.2% https://www.dailyfx.com/economic-calendar#2021-05-13
  • #Bitcoin weakness intensifies following Tesla CEO Elon Musk announcing a suspension of payments with the cryptocurrency. $BTCUSD now trading just below the 49,000 level. https://t.co/nFWeCTZll3
  • The Dow Jones and S&P 500 outlook appears bleak in the near term as retail traders increase their upside exposure. At the same time, these indices confirmed bearish technical warning signs. Get your market update from @ddubrovskyFX here:https://t.co/fKCHEKUd8O https://t.co/wWHBwTkp8Q
  • Odds of a #Fed rate hike by the end of next year jumped following the US CPI report Overall bets of a 25bp hike are up about 35% since the end of last week after #NFPs We still have Fedspeak left this week, but thus far seems markets have been focusing on the data https://t.co/6JR2qzCVg9
  • 🇯🇵 Bank Lending YoY (APR) Actual: 4.8% Previous: 6.3% https://www.dailyfx.com/economic-calendar#2021-05-12
  • 🇯🇵 Foreign Bond Investment (01/MAY) Actual: ¥-73.6B Previous: ¥132.8B https://www.dailyfx.com/economic-calendar#2021-05-12
  • Heads Up:🇯🇵 Foreign Bond Investment (08/MAY) due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-12
  • Heads Up:🇯🇵 Bank Lending YoY (APR) due at 23:50 GMT (15min) Previous: 6.3% https://www.dailyfx.com/economic-calendar#2021-05-12
  • Heads Up:🇯🇵 Foreign Bond Investment (01/MAY) due at 23:50 GMT (15min) Previous: ¥132.8B https://www.dailyfx.com/economic-calendar#2021-05-12
Bitcoin: Prices May Continue to Drop as Short Positions Grow

Bitcoin: Prices May Continue to Drop as Short Positions Grow

Jake Schoenleb,
Bitcoin: Prices May Continue to Drop as Short Positions Grow

78% of Retail Traders Stay Net-Long

Bitcoin: Retail trader data shows 78.3% of traders are net-long with the ratio of traders long to short at 3.61 to 1. The number of traders net-long is 2.8% lower than yesterday and 0.8% lower from last week, while the number of traders net-short is 0.9% higher than yesterday and 1.4% lower from last week.

Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!

Bitcoin Sentiment Indicates a Bearish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Positioning is less net-long than yesterday and last week. The combination of current sentiment and recent changes gives us a bearish Bitcoin trading bias.

--- Written by Jake Schoenleb, DailyFX Research

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

DISCLOSURES