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  • 🇲🇽 Consumer Confidence (JUL) Actual: 44.3 Previous: 44.5 https://www.dailyfx.com/economic-calendar#2021-08-03
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.96%, while traders in France 40 are at opposite extremes with 79.08%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/UTedfJSFZu
  • Heads Up:🇲🇽 Consumer Confidence (JUL) due at 11:00 GMT (15min) Previous: 44.5 https://www.dailyfx.com/economic-calendar#2021-08-03
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  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.39% Silver: 0.26% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/MqxAhumcFl
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.45% 🇬🇧GBP: 0.24% 🇯🇵JPY: 0.17% 🇪🇺EUR: 0.12% 🇨🇦CAD: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/olaJUyX1bT
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.81% FTSE 100: 0.46% Wall Street: 0.44% US 500: 0.34% Germany 30: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/NY5gnFSnWv
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  • Coming up at half past the hour. I'll be analysing the charts, looking at the confidence data on the calendar this week and talking about the IG client sentiment numbers. Do join me if you can https://t.co/nm3tP1xRmA
  • Join @MartinSEssex at 5:30 EST/9:30 EST for a webinar on trading sentiment. Register here: https://t.co/CX9djlHnWK https://t.co/NN8iRzbMsl
We Like Trading the Euro Higher

We Like Trading the Euro Higher

David Rodriguez, Head of Product
ssi_eur-usd_body_Picture_13.png, We Like Trading the Euro Higher

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EURUSDRetail FX traders have never been more short the Euro against the US Dollar, and our contrarian sentiment-based trading strategies continue buying into EURUSD gains.

Trade Implications – EURUSD: When the crowd is so heavily positioned to the short side, we see little choice but to favor further gains. Indeed our SSI-based Momentum2 strategy remains long EURUSD from $1.3627.

The crowd is often most short at major market tops, but it’s critical to note that sentiment extremes are only clear in hindsight. We remain bullish the Euro against the US Dollar until further notice.

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

ssi_eur-usd_body_Picture_14.png, We Like Trading the Euro Higher

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

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