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
Bearish
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
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
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • #Bitcoin in retreat following comments from SEC Chair Gary Gensler $BTCUSD #BTC https://t.co/YRsgI4QJI6
  • The USD/CAD breakdown is approaching initial support hurdles just lower and we’re looking for possible inflection early in the month. Get your $USDCAD market update from @MBForex here:https://t.co/UMm5aM60gf https://t.co/3CyZHyitSW
  • Canadian #Dollar Forecast: $USDCAD Plunge Marks Fifth Week– #NFP on Tap - https://t.co/P0LWHcSHwt https://t.co/abeYvgXgtl
  • SEC's Gensler: Bitcoin trading on major exchanges is not protected $BTCUSD #Bitcoin
  • Fed's Bostic: - The Fed isn't ready to formally debate asset purchase tapering yet - 1 million job gains in April wouldn't surprise me
  • Fed's Bostic: - Wage data is contingent on which workers return - It's difficult to be optimistic regarding inflation forecasts - It isn't possible to tell if the Fed can make any strides against its targets this year
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 3.25% Gold: 1.57% Oil - US Crude: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Wqhu4EwMTr
  • President Biden: - Corporate America will need to contribute its fair share - China is "eating our lunch" economically
  • EUR/USD stronger during trade with the pair making a fresh 3-day high at 1.207 $EURUSD https://t.co/cfrYluxpxh
  • Goldman Sachs offers new bitcoin derivatives to Wall Street investors - BBG $GS #BTC #Bitcoin
Gold’s Lackluster Performance Sees Shorts Wind down Positions for 2015

Gold’s Lackluster Performance Sees Shorts Wind down Positions for 2015

David Rodriguez, Head of Product
Gold’s Lackluster Performance Sees Shorts Wind down Positions for 2015

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

XAUUSD - The ratio of long to short positions in the XAUUSD stands at 2.62 as 72% of traders are long. Yesterday the ratio was 2.05; 67% of open positions were long. Long positions are 7.1% higher than yesterday and 9.5% above levels seen last week. Short positions are 16.4% lower than yesterday and 16.3% below levels seen last week. Open interest is 0.6% lower than yesterday and 6.7% 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 further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

See next currency section: EUR/USD – Crowd Still Hesitant to Let Go of Net-Short EUR/USD Position

--- Written by Christopher Vecchio, 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