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
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Notice

BoE Chief Econimist (Hawk) is to Step Down From BoE After June Meeting

Real Time News
  • The British Pound's technical posture against the Australian Dollar, Canadian Dollar and Swiss Franc presents near-term levels that may dictate upcoming price action. Get your market update from @FxWestwater here:https://t.co/vm7xpuum5D https://t.co/cQmZy3OoZK
  • (Market Alert) Singapore Dollar Gains on MAS, GDP Beat. Will USD/SGD Breach Key Support? $USDSGD #SGD #MAS #Singapore #GDP https://www.dailyfx.com/forex/market_alert/2021/04/14/Singapore-Dollar-Gains-on-MAS-GDP-Beat-Will-USDSGD-Breach-Key-Support.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/2GuNEq99qr
  • The Swiss Franc has positioned itself against key levels versus the Australian Dollar, New Zealand Dollar and Euro over the past week. Where next for AUD/CHF, NZD/CHF and EUR/CHF? Find out from @FxWestwater here:https://t.co/CrtQGzNxLW https://t.co/aPrncDYD5r
  • Heads Up:🇦🇺 Westpac Consumer Confidence Index (APR) due at 00:30 GMT (15min) Previous: 111.8 https://www.dailyfx.com/economic-calendar#2021-04-14
  • 🇸🇬 GDP Growth Rate QoQ Adv (Q1) Actual: 2.0% Previous: 3.8% https://www.dailyfx.com/economic-calendar#2021-04-14
  • $USDSGD sinking to its lowest since April 7th/9th after #Singapore 1Q GDP surprised higher #MAS also left policy largely unchanged The passing of key event risk likely opened the door for #SGD to advance following #USD weakness on Wall Street (full alert to follow!) https://t.co/BofEUnFgYD
  • 🇸🇬 GDP Growth Rate YoY Adv (Q1) Actual: 0.2% Expected: -0.2% Previous: -2.4% https://www.dailyfx.com/economic-calendar#2021-04-14
  • 🇯🇵 Machinery Orders YoY (FEB) Actual: -7.1% Expected: 2.3% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-04-13
  • Heads Up:🇸🇬 Monetary Policy Statement due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-14
  • Heads Up:🇸🇬 GDP Growth Rate QoQ Adv (Q1) due at 00:00 GMT (15min) Previous: 3.8% https://www.dailyfx.com/economic-calendar#2021-04-14
Euro Targets $1.35, US Dollar Aims for ¥85 as Crowds Turn

Euro Targets $1.35, US Dollar Aims for ¥85 as Crowds Turn

David Rodriguez, Head of Product
ssi_table_story_body_Picture_5.png, Euro Targets $1.35, US Dollar Aims for ¥85 as Crowds Turn

Forex trading crowds remain aggressively long the US Dollar (ticker: USDOLLAR) against the Euro and other currencies; we target EURUSD $1.3550 on clearly one-sided crowd sentiment.

Crowds continue selling into EURUSD strength and generally buying US Dollar weakness across the board. The clear exception is the Japanese Yen where traders are actually their least net-long USDJPY since the pair traded above ¥85. We subsequently call for further EURUSD and USDJPY rallies.

Forecasts for the British Pound and other currencies are admittedly less clear, but our general trading biases suggest the Greenback could continue to decline through upcoming trading.

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, Euro Targets $1.35, US Dollar Aims for ¥85 as Crowds Turn

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