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Free Trading Guides
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.

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EUR/USD Price Forecast: Bullish Momentum Still in Place
2020-07-11 20:00:00
Dow, EURUSD, GBPUSD Breakout Levels and Events Next Week
2020-07-11 02:25:00
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Oil Price Forecast: WTI Jumps Back Above 40, but Can it Maintain?
2020-07-11 01:00:00
Crude Oil Prices May Extend Drop After Covid-19 Surge, Biden Speech
2020-07-09 23:00:00
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Dow Jones, S&P 500, DAX 30, FTSE 100 Outlook: Stocks Week Ahead
2020-07-11 04:00:00
Dow, EURUSD, GBPUSD Breakout Levels and Events Next Week
2020-07-11 02:25:00
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Gold Price Outlook: XAU/USD Pullback in Play – Charts to Watch
2020-07-11 17:30:00
XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic
2020-07-10 18:30:00
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling
2020-07-11 16:00:00
British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported
2020-07-10 08:11:00
USD/JPY
Bearish
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High
of clients are net long.
of clients are net short.
Long Short

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Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season
2020-07-11 10:00:00
Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed
2020-07-10 14:00:00
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  • The Japanese #Yen may rise if a growing number of coronavirus cases around the world puts a premium on anti-risk assets. JPY’s gains may be amplified if corporate earnings fail to impress investors. Get your #currencies update from @ZabelinDimitri here: https://t.co/yP4revKq6J https://t.co/7smgRKspLU
  • The US Dollar index (DXY) may face range bound conditions over the coming days amid the failed attempt to test the June low (95.75). Get your #currencies update from @DavidJSong here: https://t.co/GsBcE6Z4G6 https://t.co/HIJ4vvcBIg
  • The Dow Jones could fall based on positioning signals, will the growth-linked Australian Dollar and Canadian Dollar follow? If so, what are the technical barriers ahead? Find out from @ddubrovskyFX here:https://t.co/yJrlR5C00P https://t.co/FzkIBlJLHG
  • Further gains in USD/IDR could be curbed as USD/PHP establishes a floor around 2017 lows. USD/MYR may fall next as USD/SGD fast approaches a key falling trend line.Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/9JgZm2n8Fl https://t.co/FeBuqJ64qB
  • Japanese Yen Outlook Bullish on Coronavirus Surge, US Earnings Season https://www.dailyfx.com/forex/fundamental/forecast/weekly/jpy/2020/07/11/Japanese-Yen-Outlook-Bullish-on-Coronavirus-Surge-US-Earnings-Season.html
  • The New Zealand Dollar is aiming higher, with NZD/USD eyeing fresh yearly highs while AUD/NZD may be carving out a bearish Head and Shoulders chart pattern. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/osFxXvq5xF https://t.co/sKBkNvMvPz
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/3qXauAsm2Q
  • The Dow Jones and S&P 500 nervously face the earnings season as coronavirus deaths could reimpose lockdowns. The DAX 30 eyes an EU rescue package as the FTSE 100 awaits GDP data. Get your #equities update from @ddubrovskyFX here: https://t.co/A0k6JMMBOg https://t.co/iihbEYsfgi
  • It was a surprisingly quiet week in oil, with the net of this week’s price action showing a doji. But a longer-term formation has built that may open the door to that next trend. Get your #commodities update from @JStanleyFX here: https://t.co/zz6M2ce55V https://t.co/UxlbpgLBkq
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:https://t.co/Fkzk88Y5gm https://t.co/beKjEODs2y
Caution on Chasing Gold Gains as Crowds Buy

Caution on Chasing Gold Gains as Crowds Buy

2013-03-28 15:00:00
David Rodriguez, Head of Product
Share:
ssi_xauusd_body_Picture_17.png, Caution on Chasing Gold Gains as Crowds Buy

Gold–Retail forex traders have bought into Gold Price weakness against the US Dollar (ticker: USDOLLAR), and a contrarian view of crowd sentiment leaves us in favor of further Gold price losses.

Trade Implications – Gold: There are currently more than two retail traders long Gold for every one that is short, and indeed that ratio has grown since last week. Our Senior Technical Strategist has advocated going long Gold as long as it remains above 1575, but retail sentiment suggests there is scope for short-term declines within the broader uptrend.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

ssi_xauusd_body_1a_3.png, Caution on Chasing Gold Gains as Crowds Buy

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

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

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

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