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
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
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
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇬🇧 Construction PMI (FEB) due at 09:30 GMT (15min) Expected: 51 Previous: 49.2 https://www.dailyfx.com/economic-calendar#2021-03-04
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.76%, while traders in Germany 30 are at opposite extremes with 65.31%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/tF7NDRkMxh
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.56% Gold: 0.32% Silver: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/oQYFEnQWXw
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/5Rb6Zace9V
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.34% 🇳🇿NZD: 0.21% 🇨🇦CAD: 0.08% 🇨🇭CHF: -0.06% 🇪🇺EUR: -0.12% 🇯🇵JPY: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Ksc3KraqP3
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.12% US 500: -0.20% France 40: -0.48% FTSE 100: -0.50% Germany 30: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/u0DuzvS8In
  • Dow Jones, S&P 500 Perched at Key Support as Attention Turns to Powell - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/03/04/Dow-Jones-SP-500-Perched-at-Key-Support-as-Attention-Turns-to-Powell.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $DJIA $SPX $ES $YM $DJI https://t.co/xon6vWNM7K
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/523qqvxg5j
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/8G8mUX4so6 https://t.co/KG9k8BnyD6
  • Gold Price Forecast: Long-Term Yields May Keep XAU/USD on the Backfoot - https://t.co/YV1gkiTPrq #GOLD $GLD $XAUUSD https://t.co/oT1lIcChN6
Market Volatility Gives Gold a Bearish Trading Bias

Market Volatility Gives Gold a Bearish Trading Bias

Dylan Jusino,
Market Volatility Gives Gold a Bearish Trading Bias

Spot Gold: Retail trader data shows 77.9% of traders are net-long with the ratio of traders long to short at 3.53 to 1. The number of traders net-long is 10.0% lower than yesterday and 0.6% lower from last week, while the number of traders net-short is 12.8% lower than yesterday and 27.5% lower 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. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.

--- Written by Dylan Jusino, DailyFX Research

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

DISCLOSURES