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
EUR/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
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
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
USD/JPY
Bullish
More View more
Real Time News
  • Canadian Dollar Outlook: Retail Sales Data May Fuel USD/CAD Downtrend - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/10/21/Canadian-Dollar-Outlook-Retail-Sales-Data-May-Fuel-USDCAD-Downtrend.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $CAD $CADJPY $USDCAD https://t.co/sCKDAgobER
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: US 500: 0.55% Wall Street: 0.46% Germany 30: 0.25% France 40: 0.20% FTSE 100: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wmmWvAUv4Y
  • Technical indicators are chart analysis tools that can help traders better understand and act on price movement. Learn more about the importance of technical analysis here: https://t.co/NpC1D8y4Aa https://t.co/soVRqRLnrT
  • 🇬🇧 Core Inflation Rate YoY (SEP) Actual: 0.6% Expected: 1.3% Previous: 0.9% https://www.dailyfx.com/economic-calendar#2020-10-21
  • 🇬🇧 Inflation Rate MoM (SEP) Actual: 0.4% Expected: 0.5% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-10-21
  • 🇬🇧 Public Sector Net Borrowing (SEP) Actual: £-36.1B Expected: £-33.6B Previous: £-35.9B https://www.dailyfx.com/economic-calendar#2020-10-21
  • 🇬🇧 Inflation Rate YoY (SEP) Actual: 0.5% Expected: 0.5% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-10-21
  • Heads Up:🇬🇧 Inflation Rate MoM (SEP) due at 06:00 GMT (15min) Expected: 0.5% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-10-21
  • Heads Up:🇬🇧 Public Sector Net Borrowing (SEP) due at 06:00 GMT (15min) Expected: £-33.6B Previous: £-35.9B https://www.dailyfx.com/economic-calendar#2020-10-21
  • Heads Up:🇬🇧 Inflation Rate YoY (SEP) due at 06:00 GMT (15min) Expected: 0.5% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2020-10-21
US Dollar Targets Fresh Lows Against All Except Euro and Yen

US Dollar Targets Fresh Lows Against All Except Euro and Yen

2012-03-01 16:47:00
David Rodriguez, Head of Product
Share:
ssi_table_story_body_Picture_5.png, US Dollar Targets Fresh Lows Against All Except Euro and Yen

Our proprietary forex trading sentiment indicator continues to favor US Dollar (ticker: USDOLLAR) losses, but early signs of an important sentiment shift suggest the Euro may have turned.

We remain quite bearish the safe-haven US currency across the board, but the Euro’s important underperformance suggests the EURUSD could continue lower. Our SSI-based “Tidal Shift” strategy has gone short Euro from $1.3325. And though past performance is not indicative of future results, the system has caught several important EUR shifts through recent trading.

The US Dollar nonetheless looks to trade lower versus the British Pound, Swiss Franc, Canadian Dollar, and other key counterparts. Unless we see a significant turn in market sentiment, financial market risk appetite leaves the safe-haven USD distinctly out of fashion.

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, US Dollar Targets Fresh Lows Against All Except Euro and Yen

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