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Old 04-02-2008, 10:49 PM
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Question forex sentiment indicators...?

Is anyone recommend decent forex sentiment indicators? I.e. an indicator or tool that reflects the current bullish, bearish or neutrality of a given broker's clients broken down by pair.

I know the Oanda FXLabs tool, and the info you can find on the Akmos site, but I was wondering if there are any other tools out there.
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Old 04-02-2008, 11:10 PM
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I don't know about of any other one than Oanda FXLabs. FXStreet provides market sentiment in percentage (bullish, bearish, neutral) but question who decides that sentiment?
If people's sentiment towards US Dollar is bullish, It does not mean that they are right - Or that US Dollar will gain.

I rather advice technical sentiment indicator, to be more specific; the Average Directional Movement Index tool on a Day/Week chart.

It's very hard to know exact percentage of traders sentiment towards certain currency, and whether they are right (holding unrealized profit / loss).

So i suggest you If you just want to know market sentiment,you use Oanda FXLabs or watch Bloomberg analysts as they give their thoughts towards currencies.

If you want to collect general market sentiment from sites like FXStreet, Financial TV channels from Oanda.you can do it.

But I assume that knowing market sentiment is for informational purposes only.
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