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Daily Forex Signals

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British Pound Sentiment Flips to Net-Short

Why and how do we use IG Client Sentiment in trading? See our guide. GBPUSD: Retail trader data shows 46.9% of traders are net-long with the ratio of traders short to long at 1.13 to 1. The number of traders net-long is 4.3% lower than yesterday and 35.8% lower from last week, while the number of traders net-short is 5.2% higher than yesterday and 81.5% higher from last week. We typically take a contrarian view to crowd sentiment, and...

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Australian Dollar Likely to Hit Further Highs

Why and how do we use IG Client Sentiment in trading? See our guide. AUDUSD: Retail trader data shows 28.6% of traders are net-long with the ratio of traders short to long at 2.5 to 1. In fact, traders have remained net-short since Jan 09 when AUDUSD traded near 0.71824; price has moved 7.0% higher since then. The number of traders net-long...

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COT-British Pound Record Net Speculative Short Position

British Pound record net speculative short position Speculators sell mot crude oil in 1 week ever Mexican Peso speculators close to flipping to net long Subscribe to Jamie Saettele’s distribution listin order to receive several free reports per week Check out the DailyFX trading guides and forecasts for ideas and education. The COT Index is the difference between net speculative positioning and net commercial positioning measured. A blue colored bar indicates ...

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DAX & CAC 40 Set to Move, the Latter at Important LT Trend-line

What’s inside: DAX rising wedge ready to break any time now CAC 40, similar situation CAC 40 at a very significant long-term trend-line Looking for trading ideas? See our Trading Guides. Since we last discussed the DAX on Friday there isn’t a lot to add – it’s at the apex of a nearly two-month old rising wedge. It could break any day now. These patterns can be explosive, especially when a break lower happens, catching market...

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GBP/USD Preserves Higher Highs & Lows Ahead of U.K. CPI

– U.K. Consumer Price Index (CPI) to Exceed 2% Target for First Time Since 2013. – Core Rate of Inflation to Climb Annualized 1.7%- Fastest Pace Since August 2014. For more updates, sign up for David’s e-mail distribution list. Trading the News: U.K. Consumer Price Index (CPI) A pickup in the U.K.’s headline and core Consumer Price Index (CPI) may fuel the near-term rebound in ...

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Gold, Silver Prices Find Further Support from Weak US Dollar

What’s inside: More follow-through with USD weakness should help keep a bid in precious metals Gold prices have support around 1217, silver prices in low-17s Better clarity will present itself with a little more time Last week, we expressed our view that precious metals looked at risk of a rebound on a bearishly postured US dollar heading into the FOMC announcement. As anticipated, USD got crushed and gold/silver prices...

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EUR/USD Rally Struggles after Internal Channel Line Test

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts Real Time Trader Sentiment -“Bigger picture, an important region continues to hold. The region I’m referring to is March and December 2015 lows at 1.0460 and 1.0524 (low again today on 3/9). Between 1.0460 and 1.0820 is trading purgatory in my opinion but a move through the top side would make higher swing highs and lows following a false breakdown in late 2016-early...

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Gold Price Trades Between It’s Key Levels before FOMC

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -“The rally from December takes the shape of a wedge, which could spell trouble for the yellow metal as wedges often resolve with sharp reversals.” Gold has erased all of February (February low is 1198.06). The wedge target is the 1/27 low at 1180.42. January resistance should be watched for resistance again near 1219. Article source: https://www

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Positioning Shift And Sentiment May Pressure Oil As Supply Swells

Fundamental Forecast for USOIL: Neutral Saudi Arabia supports Oil market from further declines on signs of supply cut extension Technical Post: Crude Oil Price Forecast: Keep It Simple, Watch This Moving Average BHI US Oil Rig Count jumps 14 Rigs to 631, nearly doubling from 2016 low of 316 See the DailyFX Economic Calendar to find what live coverage for key event risk influencing FX and Energy markets is scheduled for the ...

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