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
EUR/USD
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.

Data provided by
Oil - US Crude
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.

Data provided by
Wall Street
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
Gold
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.

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.

Data provided by
USD/JPY
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
More View more
Real Time News
  • Hey traders! Get your market highlights from @DailyFX Chief Strategist @JohnKicklighter. What are some charts and themes we are wrapping up with today? Find out 👇 https://t.co/HOGohRF7tD
  • Texas virus cases increase 4.7% vs prior 4.2% 7-day average - BBG
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.51% 🇨🇦CAD: 0.17% 🇦🇺AUD: 0.16% 🇯🇵JPY: -0.03% 🇬🇧GBP: -0.05% 🇪🇺EUR: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9dkCjQChjR
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.32% Silver: -0.26% Oil - US Crude: -0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/WNWW8VibD8
  • Texas Governor mandates face masks in public by executive order
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.35%, while traders in Germany 30 are at opposite extremes with 71.50%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BbKn9Fy1J4
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.01% US 500: -0.01% FTSE 100: -0.07% Germany 30: -0.33% France 40: -0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/t3i9BGnGv3
  • Fauci says U.S. still 'knee-deep' in first wave of COVID-19 - BBG
  • Senator Thune says next round of stimulus realistically coming by August break, GOP split over second round of direct payments - BBG
  • Wirecard’s fall from grace has left shareholders reeling as price plunged and market capitalization evaporated. Get your #DAX market update from @PeterHanksFX here: https://t.co/Iz73sfgaNM https://t.co/eNacAtGllr
Japanese Yen Likely Topped (USDJPY Bottomed) as Sentiment Flips

Japanese Yen Likely Topped (USDJPY Bottomed) as Sentiment Flips

2012-02-16 16:50:00
David Rodriguez, Head of Product
Share:
ssi_table_story_body_Picture_5.png, Japanese Yen Likely Topped (USDJPY Bottomed) as Sentiment Flips

Sharp shifts in forex retail trading crowd sentiment suggests that the US Dollar (ticker: USDOLLAR) may have established a short-term bottom and could continue higher against the Euro and Japanese Yen.

Crowds most recently turned short the Euro against the US Dollar when the EURUSD pair crossed above $1.27, but a more recent reading shows they are quite close to switching direction and becoming net-long. All the while, US Dollar/Japanese Yen positioning is at its least net-long since the pair last traded above ¥80 and we see significant risk that the USDJPY may have bottomed..

We will keep a close eye on the Dow Jones FXCM Dollar Index for any signs of potential reversal. The USDOLLAR’s turn off of recent lows remains encouraging and the Greenback could target further short-term highs.

View an FXCM Expo presentation on the Speculative Sentiment Index for better understanding on how we use it in our trading.

ssi_table_story_body_Picture_6.png, Japanese Yen Likely Topped (USDJPY Bottomed) as Sentiment Flips

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

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

To receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

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

News & Analysis at your fingertips.