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. See our updated Privacy Policy here.

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
More View more
Real Time News
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/33WwUNpHJg
  • Heads Up:🇺🇸 House Price Index MoM (JUL) due at 13:00 GMT (15min) Previous: 1.6% https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇨🇦 Average Weekly Earnings YoY (JUL) Actual: 1.77% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-09-28
  • 🇺🇸 Goods Trade Balance Adv (AUG) Actual: $-87.6B Previous: $-86.38B https://www.dailyfx.com/economic-calendar#2021-09-28
  • - At this point, it would take a very large shock to throw off start of bond taper $USD
  • Fed's Bullard - Fed being a little more aggressive would best ensure expansion - Sees two rate increases in 2022, calls for balance sheet to decline as soon as bond purchases end - Fed policy normalisation can move faster than 2007-2009 crisis, given speed of recovery
  • Heads Up:🇺🇸 Goods Trade Balance Adv (AUG) due at 12:30 GMT (15min) Previous: $-86.38B https://www.dailyfx.com/economic-calendar#2021-09-28
  • Heads Up:💶 ECB De Guindos Speech due at 12:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-09-28
  • Heads Up:🇨🇦 Average Weekly Earnings YoY (JUL) due at 12:30 GMT (15min) Previous: 0.7% https://www.dailyfx.com/economic-calendar#2021-09-28
  • $EURUSD taking a peek over the cliff edge, but still holding the line for now https://t.co/lKsiNLppI6
Euro Break Higher Offers Buying Opportunities

Euro Break Higher Offers Buying Opportunities

David Rodriguez, Head of Product

Forex trading crowds continue to buy the US Dollar (ticker: USDOLLAR) versus the Euro, and our sentiment-based strategies continue to buy into EURUSD highs. We favor Euro strength.

View individual currency sections:

EURUSD - Trading Strategies Continue Buying EURUSD

GBPUSD - British Pound Rallies Offer Short Opportunities

USDJPY - Japanese Yen Rallies Should be Sold

USDCAD - Canadian Dollar Breakdown Stalls

USDCHF - Swiss Franc Forecast to Strengthen Further

AUDUSD - Aussie Breakdown Offers Selling Opportunities

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_5.png, Euro Break Higher Offers Buying Opportunities

Our proprietary sentiment-based trading strategies continue to call for US Dollar weakness against the Euro and Swiss Franc, but the same strategies have recently bought the Greenback against the Australian Dollar and British Pound.

Admittedly mixed sentiment gives us a similarly unclear trading bias on the Dollar Index itself, but we believe that a jump in forex volatility favors continued breakout trading in the Japanese Yen and key USD pairs.

Download eight years’ worth of SSI data via this link.

ssi_table_story_body_Picture_6.png, Euro Break Higher Offers Buying Opportunities

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES