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EUR/USD
Bullish
GBP/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.

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USD/JPY
Mixed
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.

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Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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Mixed
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US Stocks Forecast to Continue Higher until this Changes

US Stocks Forecast to Continue Higher until this Changes

2017-06-05 15:50:00
David Rodriguez, Head of Business Development
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US Stocks Forecast to Continue Higher until this Changes

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

US 500: Retail trader data shows 17.4% of traders are net-long with the ratio of traders short to long at 4.75 to 1. The number of traders net-long is 1.2% lower than yesterday and 1.4% lower from last week, while the number of traders net-short is 3.2% higher than yesterday and 2.6% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Positioning is more net-short than yesterday but less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

See next article in this week’s report: EURUSD - Euro Expected to Rally Further versus Downtrodden US Dollar

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

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