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, Retail Sentiments Analysis updated.
Sentiments are little changed with the exception of USD/JPY which saw an increase in long interest. 22 Feb 21

Major currency pairs, US dollar index, Brent Oil, Gold Price analysis
The oil currency pairs of AUD/USD and USD/CAD straightened against the USD for the third week in a row, probably urged on by the performance of oil. The GBP/USD clocked its 6th week of gain against the USD.
Correlation Analysis (beta)
The 3 assets are correlated at the moment and are towards the downside. Gold has been weakening since Aug 2020 and usually, this suggests an underlying risk-seeking sentiment. If this turns out as expected, we should see the S&P500 and EUR/USD climb further.
Analysis updated. 21 Feb 21.
Retail Sentiments Analysis updated. EUR/USD is flat at 50. This may indicate uncertainty. USD/CAD continues to experience elevated sentiment volatility.16 Feb 21
Major currency pairs, US dollar index, Brent Oil, Gold Price analysis
All assets have gained against the US dollar.
Correlation Analysis (beta)
Correlation has returned. All assets are climbing. It is important to note that gold is still weakening over a long term basis. This suggests the absence of overwhelming risk aversion.
14 Feb 21
Retail Sentiments Analysis updated. Significant increase in short sentiment for the GBP/USD. 9 Feb 21
Major currency pairs, US dollar index, Brent Oil, Gold Price analysis
We see a mixed week with the GBP/USD, the “oil currencies” and brent oil strengthening against the USD.
Correlation Analysis (beta)
Correlation is currently broken. As the S&P 500 emerges from the volatility higher, the EUR/USD and Gold weaken as a result of US dollar strength. This suggests that the current rally is due to positive sentiment towards the US.
US NFP Analysis
The US NFP was weaker than expected, unlike the ADP. The USD weakened against all currency pairs as a result. Expectations were probably high.
Analysis updated. 7 Feb 21.


Forex HeatMap Tips
The forex heatmap gives a quick overview of the price action.
For example, if the USD row is mostly or all red, it means that the USD is getting sold across the major currency pairs.


Calendar Tips
The economic calendar gives you an overview of the important releases for the week across the major currencies. It is good practice to factor in developments that may affect your trading plan. For example, the US Non-Farm Payroll.
Premium Analysis OverviewRetail Sentiments AnalysisUS NFP AnalysisMajors, US Dollar Index, Brent Oil and Gold AnalysisCentral Banks Interest Rate AnalysisUnemployment Rate AnalysisCorrelation Analysis EUR/USD (beta)
In our decade of forex trading, we have done much analysis and we are of the belief that sentiments exert a significant influence on shorter timeframes while fundamentals fold out over longer periods of time. This requires a deep understanding of the market and currency pair. The below tools will augment your efforts.
  • Retail Sentiments Analysis will show you the percentage of retail forex traders who are long for the respective currency pair. It is color coded to show green if more people are long and red for when more people are short.There is also a USD Centric version that will color code to show green if more people are in long USD positions and red for when more people are in short USD positions. This is useful to identify situations where most people are longing or shorting the USD across the major currency pairs.
  • US NFP Analysis will show you if a particular currency pair had risen or fallen on the day the the US Non-Farm Payroll was released. You can also see if the employment data was better or worst than expected. There is also a USD Centric version will show you if the price action of a particular currency pair was bullish or bearish in terms of USD on the day the US Non-Farm Payroll was released. This provides important visualization as to the strength of the USD after a better or worst than expected US Non-Farm Payroll.
  • Majors, US Dollar Index, Brent Oil and Gold Analysis will show you if a currency pair, US Dollar index, Brent Oil or Gold is bullish or bearish compared to the previous week. As it is color coded, it is easier to spot trends.There is also a USD centric version that will show you if a currency pair, US Dollar index, Brent Oil or Gold is bullish or bearish compared to the previous week in terms of the USD. This helps to identify situations where the USD is strong across the majors.
  • Central Banks Interest Rate Analysis aims to provide a holistic view of the current influence on the underlying currency pair. This will give additional insights when planning a trade, especially on longer time frames.
  • Unemployment Rate Analysis aims to provide a holistic view of the current influence on the underlying currency pair. This will give additional insights when planning a trade, especially on longer time frames.
  • Correlation Analysis EUR/USD (beta) is a measure of how financial assets move in relationship with each other. It ranges from being a 100% positive correlation, which means both financial assets move in unison to a 100% negative correlation also known as an inverse correlation which means both financial assets move in exact opposites. In forex, we can seek out correlations between currency pairs and other financial assets to gain insights into possible undertones.

The number represents the percentage of retail forex traders who are long on the respective major currency pairs. This information is aggregated from numerous sources to provide a wide representation. Critical questions such as momentum trends can be easily answered with this analysis.

On the right, the analysis is made in terms of the USD. Therefore you may find a currency pair with a higher percentage of long position colored red. For example the EUR/USD. This is because in these particular currency pairs, the base currency is not the USD. Hence a majority long means more retail traders are positioned in a long trade in favor of the non-usd base currency.
We find this analysis useful for identifying when the market is generally bullish (more green cells) or bearish (more red cells) on the USD. This is important when you formulate your trading plan. For example, questions such as am I trading against the market can be answered.

Contrary to much belief, the relationship of the USD and the US Non-Farm Payroll goes beyond a simple “bullish when good / bearish when bad” equation. This analysis shows the closing performance of the major currency pairs on the day the US Non-Farm Payroll was released. U presents an increase in the currency pair value. Better/Worst under NFP means the US Non-Farm Payroll was better/worst than expected. This helps you to identify trends so as to potentially reduce the risk when maintaining positions over the US Non-Farm Payroll release day.

On the right, the analysis is made in terms of the USD. You may find a currency pair with an U (U presents an increase in the currency pair value) colored red. For example the EUR/USD. This is because in these particular currency pairs, the base currency is not the USD. Hence an increase in value is actually in favor of the non-usd base currency.
This analysis may yield useful suggestions not easily revealed on a chart. For example, a worst than expected US Non-Farm Payroll resulting in an increase of USD value across all major currencies suggests possible risk aversion.

In this analysis, green cells are bullish while red are bearish. This information is useful in many ways. For example, having a quick check on the currency pair before committing into a trade. If you are planning for a long position in a currency pair that is red for the last 4 weeks, is there any aspect that you may need to reconsider?

On the right, the analysis is made in terms of the USD. Therefore for certain currency pairs a bullish week may be colored red instead, for example, the EUR/USD. This is because, in these particular currency pairs, the base currency is not the USD. Hence an increase in value is actually in favor of the non-usd base currency.

This analysis may yield useful suggestions not easily revealed on a chart. For example, if the cells are all green, it indicates that the USD is gaining across. This may be a significant momentum that warrants your attention prior to trading. Will shorting the USD be viable?

A high interest usually generates demand while a low interest may result in the dumping of a currency for better yielding alternatives. Darker colors represent higher interest rates in both positive and negative directions.

Maintenance in Progress

Below is the analysis of the probable influence on the respective currency pairs in terms of interest rate. Extremities indicate a possible high amount of influence.

Maintenance in Progress

Employment is a fundamental component of the economy as it leads to consumer spending and hence retail sales. A low unemployment rate is an indicator of a healthy functioning economy while a high unemployment rate suggests a challenging economic climate. Darker red represents higher unemployment rates while darker green represent lower unemployment rates.

Maintenance in Progress

Below is the analysis of the probable influence on the respective currency pairs in terms of unemployment rate. Extremities indicate a possible high amount of influence.

Maintenance in Progress

Correlation is a measure of how financial assets move in relationship with each other. It ranges from being a 100% positive correlation, which means both financial assets move in unison to a 100% negative correlation also known as an inverse correlation which means both financial assets move in exact opposites. In forex, we can seek out correlations between currency pairs and other financial assets to gain insights into possible undertones. This may provide market sentiment context for your forex trading plans.

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