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. See our updated Privacy Policy here.

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
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
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
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
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • NZD/USD trades a fresh weekly high (0.7095) following a batch of mixed US data prints. Get your $NZDUSD market update from @DavidJSong here:https://t.co/iYtPIBGWq9 https://t.co/ubD1T70NLQ
  • 🇺🇸 Michigan 5 Year Inflation Expectations Final (JUN) Actual: 2.8% Previous: 3% https://www.dailyfx.com/economic-calendar#2021-06-25
  • 🇺🇸 Michigan Inflation Expectations Final (JUN) Actual: 4.2% Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-06-25
  • 🇺🇸 Michigan Consumer Sentiment Final (JUN) Actual: 85.5 Expected: 86.5 Previous: 82.9 https://www.dailyfx.com/economic-calendar#2021-06-25
  • USD extending dip post in-line Core PCE, nearing 200DMA (91.47) - Euro at fresh highs for the week (200DMA = 1.1998)
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.32%, while traders in AUD/JPY are at opposite extremes with 68.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/qo6QSXtJ3m
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 1.03% Gold: 0.69% Oil - US Crude: 0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/VatqhgPncw
  • Heads Up:🇺🇸 Michigan 5 Year Inflation Expectations Final (JUN) due at 14:00 GMT (15min) Previous: 3% https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇺🇸 Michigan Inflation Expectations Final (JUN) due at 14:00 GMT (15min) Previous: 4.6% https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇺🇸 Michigan Consumer Sentiment Final (JUN) due at 14:00 GMT (15min) Expected: 86.5 Previous: 82.9 https://www.dailyfx.com/economic-calendar#2021-06-25
Euro Risks to Topside, but FOMC Decision Remains Critical

Euro Risks to Topside, but FOMC Decision Remains Critical

David Rodriguez, Head of Product
Euro Risks to Topside, but FOMC Decision Remains Critical

View Real-Time SSI Updates via the FXCM Trading Station Desktop

See a video on why we use the Speculative Sentiment Index as a contrarian indicator in our trading

EURUSD – Retail FX traders head into the highly-anticipated US Federal Open Market Committee interest rate decision short the Euro versus the US Dollar. Yet it’s worth noting that traders have actually remained net-short EUR/USD since March when the pair traded near the $1.08 mark. There seems to be little conviction in the current ‘crowd’ position as total open interest has fallen 5 percent since last week. And indeed indecision is obvious as traders hesitate to build large positions amid choppy trading conditions.

There remains modest risk that the Euro may continue its recent gain versus the US Dollar. We would ideally see a much larger build in conviction before taking a strong trading bias, however.

See next currency section: GBPUSD - British Pound May Drop, but We’re Waiting for Bigger Shift in Sentiment

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

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

DISCLOSURES