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
Bearish
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
Bearish
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
USD/JPY
Bullish
More View more
Real Time News
  • OPEC+ decides not to hike output by 500kbpd in April - Delegate Oil prices at highs of the day https://t.co/UBAtzuEs0b
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.29% 🇨🇦CAD: 0.29% 🇦🇺AUD: 0.21% 🇪🇺EUR: -0.26% 🇯🇵JPY: -0.53% 🇨🇭CHF: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/dULwFuQVcF
  • OPEC+ is close to keeping output unchanged in April - Delegates #OOTT
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.09% US 500: 0.04% France 40: 0.04% FTSE 100: -0.13% Germany 30: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/raVqHjfXWM
  • RT @Amena__Bakr: Saudi Arabia is proposing a rollover for April and May- delegates #OOTT #opec
  • BUZZ starts trading today. An ETF that invests in larger market cap companies with the strongest positive sentiment in social media. That's where we are now
  • Tech stocks suffer further declines as bond yields pick up momentum again. FTSE 100 continues to revert to its mean, bias tilts upward. Get your #FTSE market update from @HathornSabin here:https://t.co/IsU8RCkXFn https://t.co/BXAJEXrFTn
  • RT @Amena__Bakr: No clarity on the 1m saudi voluntary cut yet #OOTT #opec
  • Russia tells OPEC+ meeting gradual release of supply needs to be very careful, step by step - source
  • RT @Amena__Bakr: BUT Russia is making a case for increasing supply - delegates #OOTT #opec
Euro Forecast at $1.19 as Sentiment Remains Extreme

Euro Forecast at $1.19 as Sentiment Remains Extreme

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_12.png, Euro Forecast at $1.19 as Sentiment Remains Extreme

EURUSD – Forex trading crowds turned aggressively net-long the Euro against the US Dollar (ticker: USDOLLAR) as the pair crossed below the key $1.3000 mark, and exceedingly one-sided sentiment continues to favor EURUSD losses. Our retail crowd-based Speculative Sentiment Index tends to work as an accurate contrarian indicator during volatile and trending markets. FX Options markets predict that currencies will remain especially volatile in the coming weeks, and we see further scope for gains in the safe-haven US Dollar against the downtrodden euro on one-sided sentiment.

Our sample shows 1.27 speculators long the Euro/US Dollar versus every short, down from 2:1 just days ago. Shorts jumped 17.5 percent overnight and 27.5 percent since last week, while longs fell 6 and 9 percent overnight and over 7 days, respectively.

The sharp moderation warns that the EURUSD could consolidate or bounce modestly in the coming days, but the overall trend remains clear in our opinion and we favor continued declines until sentiment sees a more significant shift.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

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

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com.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