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EUR/USD
Bullish
Oil - US Crude
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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Wall Street
Bullish
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
Bullish
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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  • The USD/CAD breakdown is approaching initial support hurdles just lower and we’re looking for possible inflection early in the month. Get your $USDCAD market update from @MBForex here:https://t.co/UMm5aM60gf https://t.co/rgHqmPuL4t
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.29%, while traders in Wall Street are at opposite extremes with 77.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/vd31LiB2NA
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.62% Wall Street: 0.55% France 40: 0.10% FTSE 100: 0.09% Germany 30: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/lxYCeemuH7
  • US 10-year breakeven rates climb to 2.5%, the highest level since 2013 -BBG $TNX $USD $DXY
  • The Dow Jones and S&P 500 jumped to all-time highs following a disappointing NFP report. Get your market update from @PeterHanksFX here:https://t.co/SIZzm3m1Sg https://t.co/qDR3Kr7k5B
  • Another mega day for $X +6.7% 👀 Gains push the stock to it's highest level since November 2018 https://t.co/4zWoER2nQN
  • Cryptos trade over the weekend unlike most other exchange-based markets. That along with Elon Musk's frequent social media references to Bitcoin and Dogecoin these past months have made his Saturday Night Live appearance an unusual 'market event'
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.22%, while traders in Wall Street are at opposite extremes with 76.70%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/R9t6Kv2kSj
  • Hey traders! Wrap up your week with a market update from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/5NV5FVwRMa
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Gold: 0.87% Oil - US Crude: 0.43% Silver: 0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/QCTA4RlZ6I
S&P Remains a Buy, though Risk of Reversal has Grown

S&P Remains a Buy, though Risk of Reversal has Grown

David Rodriguez, Head of Product
S&P Remains a Buy, though Risk of Reversal has Grown

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

US 500: Retail trader data shows 20.1% of traders are net-long with the ratio of traders short to long at 3.98 to 1. The number of traders net-long is 7.7% higher than yesterday and 18.9% higher from last week, while the number of traders net-short is 2.2% lower than yesterday and 4.6% 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. Yet traders are less net-short than yesterday and compared with last week. Such early shifts can act as warning of a potential trend change, but we would realistically need to see a much larger change towards crowd buying before calling for a meaningful S&P 500 turn lower.

See next article in this week’s report:EURUSD - Euro Forecast to Continue Higher versus US Dollar until this Changes

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

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