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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
Wall Street
More View more
Real Time News
  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • Rising yields and US Dollar creates a weak environment for gold, which trades at a 9-month low. Get your market update from @JMcQueenFX here:
  • RT @FxWestwater: US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data After NFP Boost Link: $DXY https://…
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • The British Pound continues to face downside pressure as corrective trades continue. Get your market update from @HathornSabin here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
We Look for Trading Opportunities on a Busy Week for Forex Traders

We Look for Trading Opportunities on a Busy Week for Forex Traders

David Rodriguez, Head of Product

Our sentiment-based strategies have done well selling the Euro, but here’s why we think chasing weakness might not be the best idea—particularly against the Australian Dollar.

View individual currency sections:

EURUSD - Our Strategies Sell Euro, but Careful Chasing Weakness Here

GBPUSD - Retail Crowds a bit Too Enthusiastic to Buy GBP at These Levels

USDJPY - Japanese Yen Forecast is Bullish, but What of Trade Setups?

XAUUSD - Caution on Chasing Gold Gains as Crowds Buy

SPX500 - SPX500 Seems Unstoppable as Crowds Massively Net-Short

AUDUSD - The Facts Change on Aussie Dollar - We’ve Got to Change

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_12.png, We Look for Trading Opportunities on a Busy Week for Forex Traders

It’s been a busy week for our sentiment-based trading strategies, as our volatility-friendly Breakout2 system did well selling into the Euro breakdown versus the US Dollar, Australian Dollar, and Japanese Yen. We wrote earlier in the week that we liked the EUR breakdown trades as long as it remained below $1.2880, but the fact that key Euro crosses are trading near critical support warns against chasing recent weakness.

The Euro has been the main attraction as most other pairs have consolidated, but a key shift in Australian Dollar sentiment led our sentiment-based Momentum2 system to sell and completely shifted our AUDUSD trading bias. Past performance is not indicative of future results, but said system has caught a number of key turning points in the AUD through recent history. The fact that it lines up with our technical trading bias lends further weight to our shift towards calling for AUDUSD weakness.

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

ssi_table_story_body_1a.png, We Look for Trading Opportunities on a Busy Week for Forex Traders

View how to automate the high-volatility Breakout2 Trading System via our previous article and webinar recording.

Auto trade the trend reversal-trading Momentum2system via our previous article and webinar recording.

Trade with strong trends via our Momentum1 Trading System and view an archived webinar

Use our counter-trend Range2 Trading system and view an archived webinar guide on automation

ssi_table_story_body_Picture_13.png, We Look for Trading Opportunities on a Busy Week for Forex Traders

--- Written by David Rodriguez, Quantitative Strategist for

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

Facebook at

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