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
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
Bearish
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
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • RT @NYFedResearch: The latest Supplemental Survey Report asks firms about their post-pandemic outlook: how sales compare to normal pre-pand…
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.36% Silver: 0.29% Gold: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ELIb53GJTu
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.22% France 40: 0.15% US 500: 0.04% Wall Street: -0.03% Germany 30: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/FPJs0yOWtC
  • LIVE NOW: Join Technical Strategist @MBForex for his Mid-Week Market Update to review the setups we're tracking into today's #Fed Decision! - https://t.co/NG58yc4oIJ
  • The Federal Reserve meeting will be the highlight of the day and week, marking the last chance for some FX volatility before the summer lull kicks in. Get your market update from @JMcQueenFX here:https://t.co/f7a2r3Xupz https://t.co/dPqOnqGa6v
  • From my Twitter poll, it seems more than half of those that responded believe there will be no change in either Fed tone/outlook today. Taper announcement voted by 27% and only 12% expect a dot plot shift forward. #FOMC https://t.co/GIHlHkH5jr
  • Mid-Week Market Update webinar starting in 15mins on DailyFX! Reviewing the technical setups we're tracking into #FOMC - https://t.co/8SFBJxwo30
  • Average of core inflation at 2.3%. $USDCAD move lacking conviction given FOMC later today https://t.co/UG9xaa8RUE
  • RT @RiskReversal: This week on @macrosetup from @nadex👉 @GuyAdami and I weigh in on the "most important" Fed meeting of our post-pandemic l…
  • 🇨🇦 Core Inflation Rate YoY (MAY) Actual: 2.8% Expected: 2.4% Previous: 2.3% https://www.dailyfx.com/economic-calendar#2021-06-16
S&P 500 Looks Primed for Gains until this Changes

S&P 500 Looks Primed for Gains until this Changes

David Rodriguez, Head of Product
S&P 500 Looks Primed for Gains until this Changes

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

SPX500 Retail crowds remain heavily short the SPX500 contract, and a contrarian view of herd sentiment leaves us firmly in favor of further S&P gains.

Trade Implications SPX500 Traders have remained net-short the SPX500 since the S&P 500 set an important low near the 1750 mark. It’s worth noting that short interest has actually fallen since last week, but until we see a sustained reversal in crowd positions the S&P rally looks intact.

See next currency section: EURCHF - Euro Very Likely to Test 1.20 versus Swiss Franc

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

S&P 500 Looks Primed for Gains until this Changes

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES