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
More View more
Real Time News
  • USD/MXN trades directionless, oscillating between small gains and losses, near the 20.15 area. Get your $USDMXN market update from @DColmanFX here:https://t.co/FFr3rlXSuX https://t.co/GBCTbvdsN2
  • EUR/GBP looking to retest the 50-day moving average just below 0.8600 $EURGBP https://t.co/LvXrtCrRyz
  • USD/JPY appears to be on track to test the July low (109.06) following the Federal Reserve interest rate decision as longer-dated US Treasury yields come back under pressure. Get your $USDJPY marketing update from @DavidJSong here:https://t.co/VXdZGAfWHh https://t.co/HpKaWK1VC4
  • RBNZ: We will soon begin consulting on ways to tighten mortgage lending standards More below: https://t.co/XVbcd0uVPU $NZD
  • RT @BrendanFaganFx: USD/JPY Under Pressure Following Comments from Fed's Waller $USDJPY #FOMC #FederalReserve #trading Link: https://t.c…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.34% 🇦🇺AUD: 0.26% 🇪🇺EUR: 0.03% 🇳🇿NZD: -0.00% 🇬🇧GBP: -0.14% 🇨🇦CAD: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/VpNM0on6b3
  • Bitcoin declines heavily into the close of the US session, now trading below $39,000 $BTCUSD https://t.co/o32jeeb0Eg
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: -0.07% Silver: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/noPWdIF3jS
  • South African rand up 20c against the dollar. Riot aftermath anticipated in upcoming economic data. Get your $USDZAR market update from @WVenketas here:https://t.co/vQY2U5Cs2H https://t.co/EAB6k8ZgXz
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/W2WkFr6Nlr
Crowd Heeds Notice, Reducing Euro Exposure Ahead of Brexit Vote Results

Crowd Heeds Notice, Reducing Euro Exposure Ahead of Brexit Vote Results

Christopher Vecchio, CFA, Senior Strategist
Crowd Heeds Notice, Reducing Euro Exposure Ahead of Brexit Vote Results

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.33 as 43% of traders are long. Yesterday the ratio was -1.22; 45% of open positions were long. Long positions are 15.1% lower than yesterday and 38.5% below levels seen last week. Short positions are 8.0% lower than yesterday and 11.0% below levels seen last week. Open interest is 11.2% lower than yesterday and 30.6% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown further net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

Read more: Brexit Referendum Timeline: When Will Districts Report Results?

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES