FXCM/DailyFX Signals and Analysis

[Jason Rogers]

S&P 500 May Have Set Significant Top


Quantitative strategist David Rodriguez had this to say about the S&P 500 (tradable as the SPX500 on our platform:


"The US S&P 500 looks at considerable risk of reversal as retail traders pull back from a potentially significant sentiment extreme. It was only two days ago when we noted a record net-short position in the SPX500, and indeed we’ve since seen traders pull back as the index has reversed.

"Traders are often their most short at important market tops, but these are by definition only clear in hindsight. The potential sentiment extreme and subsequent pullback suggests that we have indeed seen a fairly significant market top."


You can read his complete Weekly Speculative Sentiment Index (SSI) report at DailyFX.com

 

[Jason Rogers]

EUR/USD Eyes Fresh 2016 High as Retail FX Sits Short, Interest Jumps


The DailyFX Speculative Sentiment Index (SSI) shows the retail FX crowd remains net-short EUR/USD since March 10, with the ratio working its way back towards recent extremes as it slipped below -2.00 earlier this month.

The ratio currently sits at -1.49 as 40% of traders are long, with short positions increasing 15.0% from the previous week, while open interest stands 13.1% above the monthly average. Currency analyst David Song explains why this could mean fresh 2016 highs for EUR/USD in his article on DailyFX.com

 

[Jason Rogers]

Trader Data Shows Euro and US S&P 500 Face Critical Test


Retail FX traders have sold aggressively into the sharp Euro and S&P 500 rallies.

A contrarian view of crowd sentiment favors buying, but it will be critical to watch the key factors identified today by David Rodriguez in his article on DailyFX.com

 

[Jason Rogers]

EUR/USD Retail Sentiment Hits Extreme Ahead of Fed, ECB Minutes

 

[Jason Rogers]

Forex Positions at Extremes - Something Big on the Horizon


Retail forex traders continue buying aggressively into US Dollar weakness, while positioning on the S&P 500 remains near records:

In his Weekly Speculative Sentiment Index (SSI) report on DailyFX.com, quantitative strategist David Rodriguez says, "We're on the verge of something big—here's what we're watching."

 

[Jason Rogers]

US Dollar Remains a Sell while S&P 500 is a Buy


"Heavily one-sided retail FX and CFD trader sentiment warns the US Dollar may continue to lose versus the Euro and Japanese Yen, while we expect the S&P 500 and German DAX will rally until this changes," said quantitative strategist David Rodriguez in his Weekly Speculative Sentiment Index (SSI) report on DailyFX.com:

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

 

[Jason Rogers]

USD/JPY Retail Interest Wanes Ahead of Japan CPI Report, BoJ Meeting

 

[Jason Rogers]

Price Action Setups Pre-FOMC

A heavy slate of data awaits markets, with tomorrow’s FOMC meeting looming large over USD, S&P and even Oil trends. DailyFX analyst James Stanley discusses price action setups heading into the announcement is his video today on DailyFX.com:

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[Jason Rogers]

Dollar Poised to Fall Further, While S&P 500 Looks like a Buy


Retail FX and CFD traders remain heavily long the US Dollar and short the S&P 500.

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

"We think the USD/JPY falls further, but the S&P could continue onto fresh peaks," said David Rodriguez in his Weekly Speculative Sentiment Index (SSI) report on DailyFX.com

 

[Jason Rogers]

US Dollar Poised to Fall Further Until this Changes


Retail trader data warns the US Dollar could fall to further lows versus the Euro and the Japanese Yen.

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

But quantitative strategist David Rodriguez discusses key warning signs which are difficult to ignore in his Weekly Speculative Sentiment Index (SSI) report on DailyFX.com