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
Subscribe
Please try again
EUR/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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:💶 Deposit Facility Rate due at 12:45 GMT (15min) Expected: -0.5% Previous: -0.5% https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:💶 Marginal Lending Rate due at 12:45 GMT (15min) Previous: 0.25% https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:💶 ECB Interest Rate Decision due at 12:45 GMT (15min) Expected: 0% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇲🇽 Unemployment Rate (DEC) Actual: 3.8% Expected: 4.3% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2021-01-21
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/Fkhzl5OPXg
  • 🇲🇽 Unemployment Rate (DEC) Actual: 3.8 Expected: 4.3% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2021-01-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 70.59%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fRoUoqtGbc
  • Heads Up:🇲🇽 Unemployment Rate (DEC) due at 12:00 GMT (15min) Expected: 4.3% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2021-01-21
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.31% Gold: 0.02% Oil - US Crude: -0.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Kn8mdyS57Y
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.53% 🇬🇧GBP: 0.43% 🇦🇺AUD: 0.27% 🇨🇭CHF: 0.18% 🇯🇵JPY: 0.10% 🇨🇦CAD: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/mwWxyHchSd
New Zealand Dollar Remains a Sell Until this Changes

New Zealand Dollar Remains a Sell Until this Changes

David Rodriguez, Head of Product
New Zealand Dollar Remains a Sell Until this Changes

Why and how do we use the SSI in trading? View our video and download the free indicator here

NZDUSD– A shift in retail FX trader positions warns that the New Zealand Dollar may trade onto fresh lows versus the US Dollar. And indeed, our data shows the majority of open positions in our sample are long the NZD/USD—the opposite of last week when most were short. We most often use retail ‘crowd’ sentiment as a contrarian indicator to price action, and if most are long we typically look to sell.

The clear caveat is that retail traders tend to do well in slow-moving markets, and it’s possible the New Zealand Dollar will bounce off of near-term support. A failure to break below $0.6600 would give us clear pause in our calls for NZD/USD declines.

See next currency section: XAUUSD - Gold Forecast Changes Once Again – Third time a Charm?

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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