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
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.33% Silver: 0.05% Oil - US Crude: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1qRqMHuB6V
  • The recent AUD/JPY rally appears to be stalling below 86.000, with the pair relatively flat on the session $AUDJPY https://t.co/xfNKmmhJdq
  • #Euro Technical Forecast: $EURUSD Pressured into #ECB- Breakout Levels - https://t.co/RG2nfQrqsF https://t.co/ceYY2Dk1Eo
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.05%, while traders in USD/JPY are at opposite extremes with 73.98%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/j6NdfK7lpf
  • A day full of meetings and I've always had one eye fixed on this $GOOG rally. Last nights afterhours reticence didn't do this stock (and MSFT) justice. Impressive https://t.co/tEwaqSt5lm
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.29% US 500: 0.22% France 40: 0.19% Germany 30: 0.13% Wall Street: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/aH5WxfeKWP
  • RT @DeItaone: *Natural Gas Jumps 4.3% to Session-High $6.134 Ahead of Contract Expiration
  • Bitcoin prices have recently pulled-back from the recent high, at around $67,000 after the release of the futures ETF last week. Get your $btc market update from @Tams707 here:https://t.co/XyzhVzbuZ6 https://t.co/0THpHEKyRC
  • Billionaire tax out apparently https://t.co/ec6T1BayyW
  • RT @BrendanFaganFx: 75 counterparties take $1.433 trillion at Fed's fixed-rate reverse repo $USD $DXY https://t.co/0yeHFJVUuf
EURUSD: Traders Increase Their Net-Short Positions

EURUSD: Traders Increase Their Net-Short Positions

Nancy Pakbaz, CFA, Markets Writer
EURUSD

64.3% OF TRADERS ARE NET-LONG

EURUSD: Retail trader data shows 64.3% of traders are net-long with the ratio of traders long to short at 1.8 to 1. In fact, traders have remained net-long since Mar 26 when EURUSD traded near 1.1315; price has moved 0.4% lower since then. The number of traders net-long is 9.4% lower than yesterday and 13.5% lower from last week, while the number of traders net-short is 12.0% lower than yesterday and 13.5% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to "Identify Trends with Sentiment":

Tuesday 15:00 GMT

Wednesday 00:00 GMT

Wednesday 12:30 GMT

Thursday 21:00 GMT

(click on one of the above times to enroll)

EURUSD PROMPTS A BEARISH TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

Follow Nancy on Twitter @NancyPakbazFX

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

DISCLOSURES