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
Mixed
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
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • 🇨🇭 Unemployment Rate (JUN) Actual: 3.2% Expected: 3.4% Previous: 3.4% https://www.dailyfx.com/economic-calendar#2020-07-08
  • Heads Up:🇨🇭 Unemployment Rate (JUN) due at 05:45 GMT (15min) Expected: 3.4% Previous: 3.4% https://www.dailyfx.com/economic-calendar#2020-07-08
  • Correction: A lot has changed since I wrote about the RCEP in September 2019. The agreement with all the participants would account for 50 percent of global GDP and a third of the world's population - https://www.dailyfx.com/forex/market_alert/2019/09/17/Asia-FX-Markets-Eye-RCEP-Trade-Talks-as-Regional-Growth-Sputters.html https://t.co/1i5FK3ujw5
  • 🇯🇵 Eco Watchers Survey Outlook (JUN) Actual: 44 Previous: 36.5 https://www.dailyfx.com/economic-calendar#2020-07-08
  • 🇯🇵 Eco Watchers Survey Current (JUN) Actual: 38.8 Previous: 15.5 https://www.dailyfx.com/economic-calendar#2020-07-08
  • 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/JgoS8voYzp
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (JUN) due at 05:00 GMT (15min) Previous: 36.5 https://www.dailyfx.com/economic-calendar#2020-07-08
  • Heads Up:🇯🇵 Eco Watchers Survey Current (JUN) due at 05:00 GMT (15min) Previous: 15.5 https://www.dailyfx.com/economic-calendar#2020-07-08
  • #DowJones may fall on positioning signals next Will #AUD and #CAD follow? $AUDUSD $USDCAD https://www.dailyfx.com/forex/technical/article/special_report/2020/07/08/Dow-Jones-Australian-Dollar-Canadian-Dollar-Outlook-Positioning-Bets.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/GvOowyBeeO
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.23%, while traders in NZD/USD are at opposite extremes with 73.19%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uxDSQcAM1s
USD/CAD Price Action May Reverse in October, Early-Q4'17

USD/CAD Price Action May Reverse in October, Early-Q4'17

2017-09-29 19:50:00
Christopher Vecchio, CFA, Senior Strategist
Share:
USD/CAD Price Action May Reverse in October, Early-Q4'17

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

USDCAD: Retail trader data shows 59.4% of traders are net-long with the ratio of traders long to short at 1.46 to 1. In fact, traders have remained net-long since Jun 07 when USDCAD traded near 1.35095; price has moved 7.7% lower since then. The number of traders net-long is 12.2% lower than yesterday and 16.1% lower from last week, while the number of traders net-short is 5.0% lower than yesterday and 19.5% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDCAD prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current USDCAD price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Christopher Vecchio, CFA, Senior 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

News & Analysis at your fingertips.