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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 1.24% Oil - US Crude: 0.33% Gold: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/iQEu8qM9bW
  • Nasdaq 100 Retreats on Inflation Concerns, Nikkei 225 and ASX 200 Open Higher https://www.dailyfx.com/forex/market_alert/2021/05/18/Nasdaq-100-Retreats-on-Inflation-Concerns-Nikkei-225-and-ASX-200-Open-Higher.html https://t.co/o8Orqv1V7L
  • (Commodities Briefing) Gold Price Outlook: Will XAU/USD Overturn the Medium-Term Downtrend? #Gold #XAUUSD https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/18/Gold-Price-Outlook-Will--XAUUSD-Overturn-the-Medium-Term-Downtrend.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ZR0vXNhBIB
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.42% 🇦🇺AUD: 0.37% 🇬🇧GBP: 0.28% 🇨🇭CHF: 0.14% 🇪🇺EUR: 0.13% 🇯🇵JPY: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/YWzI8DJhdJ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.91%, while traders in Germany 30 are at opposite extremes with 77.35%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kRxLmNvUAS
  • 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/KMmPnHt3Ce
  • RBA Minutes: Rate rise conditions unlikely met until 2024 at earliest, changing 3-year yield target from 0.1% not warranted. Will continue bond buys if assists progress towards goals -BBG $AUDUSD #RBA
  • RT @BrendanFaganFx: Japanese Yen Analysis: USD/JPY Points Higher as GDP Data Misses Expectations $USDJPY Link: https://www.dailyfx.com/forex/market_alert/2021/05/18/Japanese-Yen-Analysis-USDJPY-Points-Higher-as-GDP-Data-Misses-Expectations.html
  • Heads Up:🇦🇺 RBA Meeting Minutes due at 01:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-18
  • Japan's Economic Minister Yasutoshi says Q1 GDP drop due largely to dip in consumption - BBG
Gold Price Shows Uncertainty - What's Next?

Gold Price Shows Uncertainty - What's Next?

David Rodriguez, Head of Product
Gold Price Shows Uncertainty - What's Next?

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

Spot Gold: Retail trader data shows 72.5% of traders are net-long with the ratio of traders long to short at 2.64 to 1. The number of traders net-long is 2.8% higher than yesterday and 12.9% lower from last week, while the number of traders net-short is 1.4% lower than yesterday and 8.2% higher from last week.

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 but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.

See next article in this week’s report: AUDUSD - Australian Dollar Forecast to Continue Higher versus US Dollar

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

DISCLOSURES