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
Mixed
Wall Street
Bearish
Gold
Mixed
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
  • 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/ehvshDWUCb
  • 🇺🇸 MBA Mortgage Applications (07/MAY) Actual: 2.1% Previous: -0.9% https://www.dailyfx.com/economic-calendar#2021-05-12
  • 🇲🇽 Industrial Production YoY (MAR) Actual: 1.7% Expected: 0.9% Previous: -4.5% https://www.dailyfx.com/economic-calendar#2021-05-12
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.70%, while traders in AUD/JPY are at opposite extremes with 65.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/doRLGOixPH
  • Heads Up:🇺🇸 MBA Mortgage Applications (07/MAY) due at 11:00 GMT (15min) Previous: -0.9% https://www.dailyfx.com/economic-calendar#2021-05-12
  • Heads Up:🇲🇽 Industrial Production YoY (MAR) due at 11:00 GMT (15min) Expected: 0.9% Previous: -4.5% https://www.dailyfx.com/economic-calendar#2021-05-12
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.92% Gold: -0.15% Silver: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/q7LR87UPBB
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.17% 🇨🇭CHF: -0.02% 🇬🇧GBP: -0.06% 🇯🇵JPY: -0.13% 🇦🇺AUD: -0.44% 🇳🇿NZD: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/heBjQ1A2sq
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/09W6I2IeBY
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.78% Germany 30: 0.34% France 40: 0.24% Wall Street: -0.30% US 500: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/d3q1w80zAg
It’s Time for the Euro to Tell us Where it’s Headed

It’s Time for the Euro to Tell us Where it’s Headed

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_12.png, It’s Time for the Euro to Tell us Where it’s Headed

EURUSD – Retail forex traders have sold into the most recent Euro bounce versus the US Dollar, and the sudden shift in crowd positioning gives us pause in our previous calls for a major EURUSD top.

Trade Implications – EURUSD: We’ll use our proprietary Speculative Sentiment Index data as a contrarian indicator to price action; if everyone’s selling, we’ll typically look to buy. And last week we claimed that a surge in EURUSD buying confirmed the top.

Our sentiment-based Momentum2 trading system did well in going short EUR from $1.3270, but we’ll need to see a further pickup in crowd EURUSD buying to feel confident in continued Dollar strength—particularly as the pair trades at its key 200-day Simple Moving Average.

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

ssi_eur-usd_body_Picture_13.png, It’s Time for the Euro to Tell us Where it’s Headed

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES