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
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
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
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.92% Gold: -0.15% Silver: -0.84% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/q7LR87UPBB
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.17% 🇨🇭CHF: -0.02% 🇬🇧GBP: -0.06% 🇯🇵JPY: -0.13% 🇦🇺AUD: -0.44% 🇳🇿NZD: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/heBjQ1A2sq
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/09W6I2IeBY
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.78% Germany 30: 0.34% France 40: 0.24% Wall Street: -0.30% US 500: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/d3q1w80zAg
  • French officials looking to stall a regulatory cooperation agreement on finance as part of broader effort to bring pressure to bear on uk - bloomberg
  • German health minister says important that we talk to curevac and biontech about expanding vaccine production capacity
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/7p7pv5VbFY
  • UK GDP expected to grow by 5.0% in 2021 and 5.3% in 2022 - EC Spring 2021 Economic Forecast. #sterling #gbp @DailyFX
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/RiLNO71PT0
  • 💶 Industrial Production YoY (MAR) Actual: 10.9% Expected: 11.6% Previous: -1.8% https://www.dailyfx.com/economic-calendar#2021-05-12
Gold Prices Could Bottom, but Better Trades Elsewhere

Gold Prices Could Bottom, but Better Trades Elsewhere

David Rodriguez, Head of Product
ssi_GOLD_body_Picture_14.png, Gold Prices Could Bottom, but Better Trades Elsewhere

GoldNot much is happening in Gold, and frankly I think there are better trading opportunities elsewhere. Effectively neutral retail forex positioning gives me little reason to expect major moves in either direction.

Trade Implications – Gold: Our Senior Market Strategist believes that trading cycles favor an important Gold price low towards the end of June. But until I see any real signs of pick up in retail sentiment gold trading, I see no compelling reason to call for a near-term reversal.

--- 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.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES