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Daily Forex Signals

Daily forex signals

COT: EUR/USD & USD/CAD Prices Correct, Futures Positioning Doesn’t

What’s inside: Euro large speculators persistence not seen in over a decade, continues to warn Large trend-followers in the Canadian dollar also adding to net-long into weakness Graphs of large speculator positioning for other major currencies and markets Check out this new guide for tips on how to Build Confidence in Trading. At the end of each week the CFTC releases the Commitment of Traders (COT) report, which shows traders’ positioning in the futures market as ...

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Yen & Euro Expected Volatility at Opposite Ends of the Spectrum

What’s inside: Table outlining one-week one-month differentials, range expectations for major USD-pairs USDJPY short vs medium differential largest, but still small EURUSD one-week implied volatility well under one-month, but technical pattern could mean underpriced; will likely change regardless by week’s end Find out in our Q4 Forecasts what is expected to drive the FX market through year-end. In the...

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Canadian Dollar Edgy on NAFTA Fears

Talking Points: USD/CAD likely to remain under the spell of NAFTA talks. A firm oil complex is underpinning the Loonie. USD bond yields remain elevated. Fundamental Forecast for CAD: Neutral We remain neutral on the Canadian dollar although we would turn bearish on CAD if the ongoing NAFTA discussions take a turn for the worse. The two drivers for the Canadian dollar, NAFTA talks and oil prices, are ...

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Yuan Looks to China Q3 GDP, Party Congress for Further Strength

Fundamental Forecast for CNH: Bullish China’s 3Q GDP, expected to grow at 6.8%, could support the Yuan to some extent. Economic policies and official’ talks from the Party Congress could boost the Yuan. China’s CPI, no longer directly affecting monetary policy, may lead to mixed Yuan moves. Chinese regulators are closely watching USD prices. What’s the Dollar trend to year-end? See our Q4 forecasts. The offshore Chinese Yuan gained against the US Dollar this ...

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Euro Bias Mixed as Crosses Rally at Start of Week

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. EURUSD: Retail trader data shows 43.3% of traders are net-long with the ratio of traders short to long at 1.31 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.07897; price has moved 9.4% higher since then. The number of traders net-long is 6.8% lower than yesterday and unchanged from last week...

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Australian Dollar Eyes Further Losses, Bias Remains Bearish

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. AUDUSD: Retail trader data shows 53.3% of traders are net-long with the ratio of traders long to short at 1.14 to 1. The number of traders net-long is 10.5% higher than yesterday and 18.9% higher from last week, while the number of traders net-short is 6.7% lower than yesterday and 10.2%...

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British Pound Sentiment Eases, Now Neutral

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. GBPUSD: Retail trader data shows 55.6% of traders are net-long with the ratio of traders long to short at 1.25 to 1. The number of traders net-long is 3.1% higher than yesterday and 28.5% higher from last week, while the number of traders net-short is 9.4% higher than yesterday and 15.2% lower from last...

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USD/JPY Bullish Bias Returns as Retail Sells

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data. USDJPY: Retail trader data shows 41.6% of traders are net-long with the ratio of traders short to long at 1.4 to 1. The number of traders net-long is 1.1% higher than yesterday and 12.4% lower from last week, while the number of traders net-short is 17.3% higher...

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S&P 500 May Rally As Traders Are Further Short

US 500: Retail trader data shows 17.0% of traders are net-long with the ratio of traders short to long at 4.87 to 1. The number of traders net-long is 12.1% lower than yesterday and 2.2% lower from last week, while the number of traders net-short is 2.6% higher than yesterday and 2.3% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to...

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