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
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • RT @RichardSnowFX: #GOLD poised between a historically significant area of resistance 1796 (weekly chart) and the lower bound of the curren…
  • #Dollar vs Mexican #Peso Price Outlook: $USDMXN Rally to be Short Lived - https://t.co/9ISCuLByBg https://t.co/epUl25QYrb
  • A close below the low end of the zone could send USDCAD towards 1.3291. Get your $USDCAD technical analysis from @malkudsi here: https://t.co/HRPTi7uR0i https://t.co/Yn42bSQPN1
  • well said, Rich. $Gold toying with the 1800 level, around which marks 8 year highs. Still very overbought on a long-term basis. But the big question - will it matter? lots of mania themes out there rn with $TSLA $AMZN and $SHCOMP https://t.co/jkhvvyLcXi https://t.co/X8vwHhMQ9t
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.52% 🇳🇿NZD: 0.08% 🇨🇭CHF: -0.04% 🇯🇵JPY: -0.22% 🇪🇺EUR: -0.30% 🇨🇦CAD: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kOhfmaaKJO
  • EUR/USD is back below 1.1300 after hitting 1.1333 before the new forecasts were released. Get your $EURUSD market update from @nickcawley1 here: https://t.co/QGkdntQA19 https://t.co/EmUfglNVoT
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.24% Wall Street: -0.81% France 40: -1.01% Germany 30: -1.37% FTSE 100: -1.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/72PEm50VHY
  • USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jun 10, 2020 when USD/JPY traded near 106.92. A contrarian view of crowd sentiment points to USD/JPY strength. https://www.dailyfx.com/sentiment https://t.co/ck5DgyBoJD
  • Risk appetite is still percolating, but that seems to be inspiring further rampant diverting of speculative appetite behind momentum favorites. Here is the ratio of the tech-heavy Nasdaq 100 relative to the S&P 500 overlaid with the $SPX alone in orange: https://t.co/zXpp9t8xat
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.62% Gold: 0.52% Silver: 0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tASoOlYjlv
Gold: Long Positions Rise as Price Continues to Weaken

Gold: Long Positions Rise as Price Continues to Weaken

2018-08-10 18:30:00
Jake Schoenleb,
Share:
Gold: Long Positions Rise as Price Continues to Weaken

Net-Long Positions Climb to 87%

Spot Gold: Retail trader data shows 87.0% of traders are net-long with the ratio of traders long to short at 6.71 to 1. The number of traders net-long is 3.5% higher than yesterday and 1.1% higher from last week, while the number of traders net-short is 3.6% lower than yesterday and 9.2% higher from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

Gold Sentiment Signals a Bearish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Positioning is more net-long than yesterday and last week. The combination of current sentiment and recent changes gives us a bearish Spot Gold trading bias.

--- Written by Jake Schoenleb, DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.