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
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
Mixed
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
Mixed
GBP/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
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
More View more
Real Time News
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/Tq1S2BVlwD
  • 🇬🇧 Goods Trade Balance (FEB) Actual: £-16.442B Expected: £-10.4B Previous: £-12.592B https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 Construction Output YoY (FEB) Actual: -4.3% Expected: -1.9% Previous: -6.5% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 GDP MoM (FEB) Actual: 0.4% Expected: 0.6% Previous: -2.2% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 GDP YoY (FEB) Actual: -7.8% Expected: -8.3% Previous: -8.5% https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 GDP 3-Month Avg (FEB) Actual: -1.6% Expected: -1.9% Previous: -1.4% https://www.dailyfx.com/economic-calendar#2021-04-13
  • (Gold Briefing) Gold Price Outlook: Falling Ahead of 30-Year Treasury Auction, Resistance Reinforced #Gold #Bonds #Treasury #CPI https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/04/13/Gold-Price-Outlook-Falling-Ahead-of-30-Year-Treasury-Auction-Resistance-Reinforced.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/WlC6kItxmx
  • 🇬🇧 Balance of Trade (FEB) Actual: £-7.1B Previous: £-3.4B https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 Balance of Trade (FEB) Actual: £-7.2B Previous: £-1.6B https://www.dailyfx.com/economic-calendar#2021-04-13
  • 🇬🇧 Construction Output YoY (FEB) Actual: -4.3% Expected: -1.9% Previous: -3% https://www.dailyfx.com/economic-calendar#2021-04-13
USD on Weaker Footing versus GBP, JPY, NZD after Positioning Shifts

USD on Weaker Footing versus GBP, JPY, NZD after Positioning Shifts

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- Retail crowd reduces net-long USD position against GBP, JPY, and AUD.

- NZDUSD positioning flips, confirming the recent bottoming effort.

- Gold rally will struggle as long as crowd remains net-long.

View individual currency sections:

EURUSD – Euro Outlook Mixed, Although Crowd’s Net-Short Position Lingers

GBPUSD – British Pound Forecast Remains Bearish Despite Positioning Narrowing

USDJPY – Japanese Yen Eyes Gains versus the US Dollar

AUDUSD – Australian Dollar Bottom May be Forming

NZDUSD – New Zealand Dollar Sentiment Flips – Supportive of Further Gains

XAUUSD – Gold Forecast Neutralizes After Surge in Crowd Short Positioning

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

USD on Weaker Footing versus GBP, JPY, NZD after Positioning Shifts

The US Dollar finds itself on increasingly shaky footing as the retail crowd takes on more long USD exposure. Recent weakness versus the commodity currencies may continue for the greenback, with the retail crowd flipping to net-short in NZDUSD.

View Real-Time SSI Updates via the FXCM Trading Station Desktop

See a video on how we use the Speculative Sentiment Index in our trading

USD on Weaker Footing versus GBP, JPY, NZD after Positioning Shifts

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES