Best Thread FXCM/DailyFX Signals and Strategies

"US Dollar Set to Rally versus These Currencies" - David Rodriguez

In today's video, Quantitative Strategist David Rodriguez identifies currency pairs he believes are poised for a US dollar breakout. Past performance is not necessarily indicative of future results.

 
Jason Rogers said:
In today's video, Quantitative Strategist David Rodriguez identifies currency pairs he believes are poised for a US dollar breakout. Past performance is not necessarily indicative of future results.

Click to expand...

Informative and qualitative posts as usual Jason (y)
 
Dollar Nears Potentially Significant Breakdown versus Japanese Yen

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Past performance is not necessarily indicative of future results.

Correlation to US Treasury Yields Underlines Key Risk to USD/JPY
forex-trading-Japanese-Yen-forecast_body_Picture_6.png

Past performance is not necessarily indicative of future results.​
 
hey Jason

Ive had to close out my cloud trading account where I had my FXCM account sitting ....now I cant remember the damn password to load it onto my new laptop

can someone contact me at [email protected] regarding getting this organised ?

thanks
N
 
NVP said:
hey Jason

Ive had to close out my cloud trading account where I had my FXCM account sitting ....now I cant remember the damn password to load it onto my new laptop

can someone contact me at [email protected] regarding getting this organised ?

thanks
N
Click to expand...

Hi N,

You can use this link to reset your password: https://www.myfxcm.com/fxma/?plugin=53&ib=FXCMUK

If you still have difficulty, please call our live support team anytime 24 hours a day for assistance at 0808 234 8789.
 
British Pound Tumbles - Here are Four Key Charts We’re Watching

British Pound Tumbles on Largest Spike in FX Trader Volume in 16 Months
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Past performance is not necessarily indicative of future results.


Daily GBP/USD Buying at Highest Since July, 2013 lows
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Past performance is not necessarily indicative of future results.


Large Tumble Puts GBP at Longest Consecutive Weekly Decline since Key Lows
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Past performance is not necessarily indicative of future results.


We're Watching Critical Support and Resistance Levels for Sterling’s Next Move
forex-trading-british-pound-outlook_body_Picture_8.png

Past performance is not necessarily indicative of future results.​
 
Quantitative Strategist David Rodriguez believes the S&P 500 looks poised to continue higher as trader positioning on the SPX500 contract favors further short-term gains:

ssi_SPX500_body_Picture_17.png

Past performance is not necessarily indicative of future results.​

"Until we see a larger push below a critical price floor at 1900 and a commensurate move in crowd positioning, we see little choice but to remain in favor of further stock market gains."
 
SSI points to further gains in USD/CAD

Both the Breakout2 and Momentum2 strategies on DailyFXplus.com indicate that USD/CAD may continue higher based on current readings from the Speculative Sentiment Index (SSI).

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Past performance is not necessarily indicative of future results.​

Both SSI-based strategies can be automated on your FXCM account using the Mirror Trader platform.

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Past performance is not necessarily indicative of future results.​

The same login details you use to access Trading Station will allow you to access Mirror Trader.
 
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US Dollar likely to appreciate further versus Euro, Sterling, Yen

In David Rodriguez's weekly update on the Speculative Sentiment Index (SSI) he says the US Dollar is likely to appreciate further versus the Euro, Sterling and Yen.

ssi_table_story_body_Picture_18.png

Past performance is not necessarily indicative of future results.​


"The Euro continues to trade to fresh lows versus the US Dollar, and heavily one-sided crowd positions suggest it could depreciate further before a meaningful recovery."

ssi_eur-usd_body_Picture_12.png

Past performance is not necessarily indicative of future results.​


"Heavily one-sided positions warn that the British Pound may continue trading to fresh lows versus the US Dollar."

ssi_gbp-usd_body_Picture_13.png

Past performance is not necessarily indicative of future results.​


"The forex trading crowd remains short the US Dollar versus the Japanese Yen for the first time since December, and the substantial shift warns that the USDJPY is at an important turning point."

ssi_usd-jpy_body_Picture_14.png

Past performance is not necessarily indicative of future results.​


For SSI data on other currency pairs, view the complete report at DailyFX.com
 
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Near-Term Volume Profile Supportive of USD/JPY

Below is an excerpt from Kristian Kerr's new weekly volume report on DailyFX.com

"USD/JPY touched its highest level since late January on Monday before pulling back over the past few days. Generally increasing volume since late July is suggestive of a budding uptrend.

Weekly_volume_AUG_29_body_Picture_2.png

Past performance is not necessarily indicative of future results.​

"An increase in On-Balance-Volume during the same period further supports the burgeoning trend move higher. Declining prices over past few days on lower than average volume favors an eventual resumption higher."
 
SSI: Bearish bias for AUD/USD heading into Aussie GDP

The ratio of long to short positions in the AUD/USD stands at 2.20 as 69% of traders are long. Yesterday the ratio was 1.56; 61% of open positions were long. Long positions are 8.0% higher than yesterday and 20.3% above levels seen last week. Short positions are 23.3% lower than yesterday and 29.0% below levels seen last week.

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We use the Speculative Sentiment Index (SSI) as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.
 
Trading Friday's NFP Release

This busy week for central bank decisions is capped by NFP on Friday at 12:30 GMT. Expectations are set at 230k jobs added.

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Past performance is not necessarily indicative of future results.​

Trading instructor Walker England discusses ways to trade the key employment report in today's trading tip on DailyFX.com
 
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Australian GDP and the Bank of Canada rate decision were released today at 01:30 and 14:00 GMT respectively. The charts below illustrate how dramatically such news events can impact trading volume.


AUD/USD 15-Minute Chart
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Past performance is not necessarily indicative of future results.


USD/CAD 15-Minute Chart
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Past performance is not necessarily indicative of future results.​
 
Euro Plunges as European Central Bank Cuts Rates, Announces QE

The Euro plunged to fresh yearly lows and tested the critical $1.30 mark versus the US Dollar as the European Central Bank cut interest rates and announced Quantitative Easing policies.

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Past performance is not necessarily indicative of future results.​
 
These 2 Pairs Could Soar if UST Yields Break Higher

Jeremy Wagner, Head of DailyFX Education, tweeted this chart today:

"If 5 yr UST yields break higher, then $USDHUF $USDZAR likely to soar"

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Past performance is not necessarily indicative of future results.​

Follow Jeremy Wagner's latest trade ideas on Twitter @JWagnerFXTrader
 
Strategy Video: Dollar, Euro, Pound Overextended on Central Bank Outlooks?

Talking Points:
  • Rising FX volatility levels are amplifying the focus on and impact of monetary policy speculation
  • The US Dollar has seen the most hawkish shift in market positioning while Euro and Kiwi the most bearish
  • Key policy-related event risk next week will quickly indicate if the markets are over-stretched

Past performance is not necessarily indicative of future results.
 
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Sterling Strategy Heading Into Scottish Vote

There has been a lot of speculation and polling conducted to provide predictions about the result of this Thursday's Scottish referendum vote.

Forex Strategy: GBPUSD vs NZDUSD Correlation
Forex-Strategy-Sterling-Trade-Heading-Into-Scottish-Vote_body_Picture_2.png

Past performance is not necessarily indicative of future results.​

Jeremy Wagner's article today on DailyFX.com lays out some strategies to trade through what is anticipated to be a highly volatile week.

Also, don't miss our free webinar this Wednesday at 5:30pm British Summer Time (16:30 GMT) - Could the Scottish "Yes" be a good trading opportunity?
 
Forex Strategy Video: FOMC Strategy for the Dollar and Financial Markets

Talking Points:
  • The Fed's quarterly rate decision with updated forecasts and Yellen press conference is due today
  • A 9-week USDollar rally seems a full adjustment to a hawkish shift in tone, but markets are far from ready
  • We look at the scenarios for the dollar-based majors and broader capital markets for this critical event

 
SSI: Positioning Mostly Unchanged ahead of FOMC

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Past performance is not necessarily indicative of future results.

Watch Chief Strategist John Kicklighter's real time coverage of the FOMC Rate Decision on Wednesday at 17:45 GMT in the Live Trading Room on DailyFX.com
 
Dollar Gains Likely versus Yen, but Watch out for Euro and Sterling

Quantitative strategist David Rodriguez just posted his weekly report on the Speculative Sentiment Index (SSI).

Weekly Summary of Forex Trader Sentiment and Changes in Positioning
ssi_table_story_body_Picture_15.png

Past performance is not necessarily indicative of future results.​


Below is a summary of his calls:
  • EURUSD - Euro at Major Inflection Point
  • GBPUSD - GBP May Bounce, but Wait until After Scotland
  • USDJPY - US Dollar Targets ¥110 versus Japanese Yen
  • AUDUSD - Australian Dollar Remains a Sell until this Changes
  • GBPJPY - British Pound Could Hit Further Highs versus Japanese Yen
  • EURCHF - Euro Likely to Ignore SNB and Test SFr1.20

More details on these trade ideas are available in the full report on DailyFX.com
 
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