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
EUR/USD
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
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Bearish
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
Bearish
More View more
Real Time News
  • Fed's Kaplan: - Expecting above trend growth for 2021 - Local and state governments need grants, not loans from Fed - Dow Jones via BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.23%, while traders in NZD/USD are at opposite extremes with 66.26%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/TLR8MDhm9L
  • $USD $DXY | US Dollar Ripping Higher as Markets Swoon Link to Analysis via @DailyFX - https://www.dailyfx.com/forex/market_alert/2020/09/21/usd-price-outlook-us-dollar-ripping-higher-as-markets-swoon.html #FX #Forex #Trading https://t.co/sVaB9lrjxu
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: -2.40% Oil - US Crude: -4.81% Silver: -8.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bO6biPyCKp
  • UK COVID alert level has moved from level 3 to level 4
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.14% 🇨🇭CHF: -0.56% 🇨🇦CAD: -0.70% 🇬🇧GBP: -0.93% 🇦🇺AUD: -1.14% 🇳🇿NZD: -1.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GIoEwFiMLN
  • The DXY continues to build on a rebound off long-term uptrend support and the Majors are poised for some decent moves this week. Get your #DXY market update from @MBForex here: https://t.co/bjbs0gYT6I https://t.co/0OapScLca9
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.50% Germany 30: 0.49% FTSE 100: 0.32% US 500: -2.12% Wall Street: -2.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/nultu65SC6
  • UK PM Johnson is to announce a 10pm closing time for pubs tomorrow, according to the Sun
  • NI First Minister says local COVID 19 restrictions currently in place will apply to the whole of Northern Ireland from Tuesday
Euro May have Set Significant Low versus the Dollar

Euro May have Set Significant Low versus the Dollar

2014-10-02 16:10:00
David Rodriguez, Head of Product
Share:
Euro May have Set Significant Low versus the Dollar

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURUSDForex trading data suggests that the Euro may have finally hit a point of exhaustion; we’re waiting on a larger shift to confirm the EURUSD may trade higher.

Trade Implications – EURUSD: Last week we highlighted a key number of factors which favored a potentially significant Euro turnaround. And yet the single currency fell further into the final trading day of the quarter and the month of September. The fact that it has yet to drop below $1.2570 may be significant.

We see early signs that the crowd is switching directions—a clear requisite before we look to buy. The next move may prove pivotal, and we would turn bullish if retail traders turn net-short the Euro versus the USD.

See next currency section: GBPUSD - British Pound Remains in Clear Downtrend

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

Euro May have Set Significant Low versus the Dollar

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

http://www.dailyfx.com/forex/technical/ssi/gbp-usd/2014/09/25/ssi_gbp-usd.html

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

DISCLOSURES