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
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.22% Germany 30: 0.20% FTSE 100: 0.11% US 500: 0.01% Wall Street: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/WiPPINSivr
  • Stocks’ earnings data was strong; rocky 3Q’21 may be underway US economic data begins to sour, but the delta variant gives the Fed cover. Get your $USD market update from @CVecchioFX here:https://t.co/sq7BsfyNe9 https://t.co/Ado2dPBJLd
  • #Gold Price Outlook: Gold August Battle Lines Drawn- $XAUUSD Levels - https://t.co/xsdZiL8uyy https://t.co/KnGbp5nXyI
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.56% Oil - US Crude: -0.11% Gold: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ZNNdqAFGoX
  • US Senator Schumer: Senate will finish infrastructure and budget bills before August recess $USD $DXY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.95%, while traders in France 40 are at opposite extremes with 81.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9gsaW4yXD7
  • Fed's Bowman: - It may take time for some people to return to work - The record number of job opportunities is a good sign
  • Fed's Bowman: - There is still work to be done to get the US economy back on track - Employment remains significantly below where it was
  • USD/CAD bounced off support, but looks only corrective in nature. Short-term charts suggest we will soon see price turn down. Get your $USDCAD market update from @PaulRobinsonFX here:https://t.co/zdfLSKm6LF https://t.co/PF5ZXDBxI0
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.60% US 500: 0.60% France 40: 0.22% Germany 30: 0.18% FTSE 100: 0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/64Hdik4K4t
Gold Prices Remain in Downtrend until this Changes

Gold Prices Remain in Downtrend until this Changes

David Rodriguez, Head of Product
Gold Prices Remain in Downtrend until this Changes

Why and how do we use the SSI in trading? View our video and download the free trading guide here

XAUUSD - The ratio of long to short positions in the XAUUSD stands at 2.56 as 72% of traders are long. Yesterday the ratio was 2.90; 74% of open positions were long. Long positions are 1.6% lower than yesterday and 14.3% below levels seen last week. Short positions are 11.7% higher than yesterday and 40.5% above levels seen last week. Open interest is 1.8% higher than yesterday and 3.0% below its monthly average.

We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the XAUUSD may continue lower. The trading crowd has grown less net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

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

DISCLOSURES