News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • GBP turbulence persists as investors eye the next round of EU-UK Brexit negotiations. Cautious optimism signals a deal is near. Get your #currencies update from @JMcQueenFX here:
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
  • What is the outlook for financial markets ahead of the first presidential debate and how are Democratic nominee Joe Biden and President Donald Trump doing in the polls? Find out from @ZabelinDimitri here:
  • The US Dollar could gain as it forms bullish technical formations against the Singapore Dollar and Malaysian Ringgit. USD/PHP may have bottomed, will USD/IDR rise next? Find out from @ddubrovskyFX here:
  • The Indian Rupee may be at risk to the US Dollar as USD/INR attempts to refocus to the upside. This is as the Nifty 50, India’s benchmark stock index, could fall further. Get your $USDINR market update from @ddubrovskyFX here:
  • A proxy of #EmergingMarket capital flows hit its lowest since July, falling with the #SP500 after some divergence This is as #USD gained against its developing FX counterparts, highlighting potential risk of a spillover outwards Stay tuned for next week's #ASEAN fundy outlook!
  • 4 consecutive down weeks for the #SP500, last matched over a year ago #Fed balance sheet continues to gain very cautiously, now at its highest since the middle of June. Still, at slower pace than last week Focus shifts to US fiscal stimulus next week in the House of Reps
GBP/USD Retail Positioning Hits Extremes Ahead of NFP, BoE Meeting

GBP/USD Retail Positioning Hits Extremes Ahead of NFP, BoE Meeting

2015-10-01 18:00:00
David Song, Strategist

Talking Points:

- GBP/USD Retail Positioning at Extremes Following Failed Test of May Low (1.5088).

- AUD/USD Rebound Stalls at Former Support; Downside Targets in Focus Ahead of RBA Meeting.

- USDOLLAR Fails to Retain Opening Weekly Range as ISM Manufacturing Disappoints.

For more updates, sign up for David's e-mail distribution list.


GBP/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • GBP/USD remains at risk for a further loss over the near to medium-term as the Relative Strength Index (RSI) retains the downward trend from back in May; need a break/close below 1.5088 (May low) to 1.5090 (61.8% retracement) to favor a further decline.
  • However, with growing speculation for a greater dissent at the Bank of England’s (BoE) October 8 interest rate decision, may see GBP/USD consolidate ahead of the policy meeting amid the tightening race with the Federal Reserve to normalize monetary policy.
  • DailyFX Speculative Sentiment Index (SSI)shows retail crowd remains net-long GBP/USD since August 21, but the ratio is hitting recent extremes as it climbs to +3.11, with 76% of traders long.


AUD/USD Daily Chart
  • AUD/USD struggles to retain the gains following positive data prints out of China – Australia’s largest trading partner – with the pair pulling back from former support around 0.7080 (38.2% expansion) to 0.7090 (78.6% retracement).
  • Even though the Reserve Bank of Australia (RBA) is widely expected to keep the benchmark interest rate at 2.00% at the October 6 meeting, dovish language accompanied by a toughened verbal intervention on the local currency may spark a resumption of the long-term bearish trend for AUD/USD.
  • As AUD/USD struggling to push back above former support, will continue to keep a close eye on the narrow range as the pair continues to close above 0.6950 (161.8% expansion) to 0.6970 (50% expansion).

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: USD/CAD Fails At Key Price & Percentage Symmetry

AUDNZD at Critical Inflection Point- Scalps Eye Weekly Opening Range

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






GBP/USD Retail Positioning Hits Extremes Ahead of NFP, BoE MeetingUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • The Dow Jones-FXCM U.S. Dollar slips to a fresh weekly low ahead of the Non-Farm Payrolls (NFP) report amid the ongoing mixed batch of data coming out of the U.S. economy; still waiting for a break of the bearish formation on the RSI to favor a resumption of the long-term bull trend.
  • Will keep close eye on the fresh comments from San Francisco Fed President John Williams as he serves as a voting-member on the FOMC; will we see a growing dissent at the October 28 interest rate decision?
  • Despite the failure to retain the weekly opening range, closing price above 12,082 (61.8% expansion) should favor a move into 12,162 (April high) to 12,176 (78.6% expansion).

Join DailyFX on Demand for Real-Time SSI Updates!

GBP/USD Retail Positioning Hits Extremes Ahead of NFP, BoE Meeting

--- Written by David Song, Currency Analyst

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.