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
  • When markets are falling, how can you short sell? Learn more here:https://t.co/K4EFd6A6xd https://t.co/dCArCZmIAk
  • The US Dollar is on the defensive against most ASEAN currencies, with key breakouts in USD/SGD and USD/IDR. USD/THB upside momentum is fading as USD/PHP consolidates. Get your market updates from @ddubrovskyFX here:https://t.co/zQkUPpRr12 https://t.co/YTmJboqdMn
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.22% Silver: -0.74% Oil - US Crude: -0.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/CBrOIlwIwi
  • Earnings are starting to lose their default bullish charge after the falter from Facebook and unimpressive afterhours Google response. Still AMZN and AAPL ahead Thursday, but for now focusing on $USDCAD with BOC: https://www.dailyfx.com/forex/video/daily_news_report/2021/10/27/Earnings-Support-for-Bull-Trend-Wavers-as-Fundamentals-Broaden-Attention-to-the-Likes-of-USDCAD-.html https://t.co/6TpIpyWVlc
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.31% 🇯🇵JPY: 0.04% 🇬🇧GBP: 0.04% 🇨🇭CHF: 0.01% 🇨🇦CAD: -0.02% 🇳🇿NZD: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kr4trHaFbD
  • Possible way to finance the Biden's Build Back Better agenda https://t.co/QP0UW6Pbmw
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.25%, while traders in Wall Street are at opposite extremes with 76.29%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6RuOSjQNNK
  • The US Dollar might be stabilizing against ASEAN currencies as inflationary woes resurface ahead of GDP and PCE data. Amazon, Apple and Facebook earnings may also drive sentiment ahead. Get your market update from @ddubrovskyFX here:https://t.co/tY5dOmDIWS https://t.co/QFaXQHkFJ8
  • 🇨🇳 Industrial Profits (YTD) YoY (SEP) Actual: 44.7% Previous: 49.5% https://www.dailyfx.com/economic-calendar#2021-10-27
  • Heads Up:🇨🇳 Industrial Profits (YTD) YoY (SEP) due at 01:30 GMT (15min) Previous: 49.5% https://www.dailyfx.com/economic-calendar#2021-10-27
EURUSD: Net-Short Positions Increased by 28.2% from Last Week

EURUSD: Net-Short Positions Increased by 28.2% from Last Week

Warren Venketas, Analyst
EUR/USD sentiment

NUMBER OF TRADERS NET-LONG HAS DECREASED BY 5.4% LOWER THAN YESTERDAY

EURUSD: Retail trader data shows 46.2% of traders are net-long with the ratio of traders short to long at 1.17 to 1. The number of trader’s net-long is 5.4% lower than yesterday and 28.0% lower from last week, while the number of trader’s net-short is 4.2% higher than yesterday and 28.2% 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”:

Thursday 21:00 GMT

Wednesday 00:00 GMT

Tuesday 15:00 GMT

(click on one of the above times to enroll)

EURUSD SENTIMENT INDICATES A BULLISH SIGNAL

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

-Written by Warren Venketas, DailyFX Research

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

DISCLOSURES