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.

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
GBP/USD
Mixed
USD/JPY
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
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
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/J6gdbuoij7
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/UbtbJog492
  • ICYMI: Japanese Government nominated Seiji Adachi to replace BoJ dovish dissenter Harada - Adachi also favours reflationary economic policy $JPY https://t.co/0coydAoDWJ
  • US 3-month and 10-year yield inverts for the first time since October 2019
  • Hang Seng during SARS outbreak, alongside previous virus outbreaks https://t.co/9gtJ0Xa2fN
  • RT @tracyalloway: Whatever you think of the severity of the coronavirus, it seems clear that this will be having an economic impact on Chin…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.41%, while traders in US 500 are at opposite extremes with 67.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/H4A6AAz9KO
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/iX2cdaoGjL
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: -0.20% Oil - US Crude: -0.39% Silver: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OKRmD7YH9U
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.01% 🇪🇺EUR: 0.01% 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.12% 🇳🇿NZD: -0.22% 🇬🇧GBP: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/2W1O93FuRv
US Dollar Targets Fresh Highs versus Euro, Yen on Forex Sentiment

US Dollar Targets Fresh Highs versus Euro, Yen on Forex Sentiment

2012-03-15 16:25:00
David Rodriguez, Head of Product
Share:
ssi_table_story_body_Picture_5.png, US Dollar Targets Fresh Highs versus Euro, Yen on Forex Sentiment

Our forex trading sentiment indicator favors further US Dollar (ticker: USDOLLAR) strength, and indeed a key sentiment-based strategy is long the USD against the Euro, Swiss Franc, and New Zealand Dollar.

Two weeks ago we wrote that the US Dollar could see further losses against most counterparts except the Euro. Our Speculative Sentiment Index (SSI)-based “Tidal Shift” strategy went short EURUSD from $1.3325 and has once again sold from $1.3060. Past performance is absolutely NOT indicative of future results, but the system has done well in recent months and we like the direction of the trade.

We likewise believe the US Dollar could trade higher against the Japanese yen based on US Treasury yields and our own proprietary SSI data. The suddenly resurgent Dow Jones FXCM Dollar index may have turned the corner and targets 6-month highs. Such a move would point to further EURUSD losses and USDJPY gains.

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_11.png, US Dollar Targets Fresh Highs versus Euro, Yen on Forex Sentiment

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.