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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bullish
Low
High
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
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
Low
High
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
USD/JPY
Mixed
More View more
Real Time News
  • 🇲🇽 Mid-month Inflation Rate MoM (SEP) Actual: 0.16% Expected: 0.12% Previous: 0.24% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Chinese Yuan to garner attention amid the FTSE Russell review of Chinese bonds - Expectations are for Chinese bonds to be included in the WGBI - Last month had been the 21st consecutive month of foreign investors increasing exposure to Chinese bonds #CNH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.76%, while traders in EUR/GBP are at opposite extremes with 66.47%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/TuU1FF6X7g
  • Heads Up:🇵🇱 Monetary Policy Meeting Minutes due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇲🇽 Mid-month Inflation Rate YoY (SEP) due at 11:00 GMT (15min) Expected: 4.05% Previous: 3.99% https://www.dailyfx.com/economic-calendar#2020-09-24
  • Heads Up:🇲🇽 Mid-month Inflation Rate MoM (SEP) due at 11:00 GMT (15min) Expected: 0.12% Previous: 0.24% https://www.dailyfx.com/economic-calendar#2020-09-24
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/NmCwPK0ss6
  • Join @CVecchioFX 's #webinar at 7:30 AM ET/11:30 AM GMT for your weekly update on the world's most influential central banks. Register here: https://t.co/xCF8skC3Bz https://t.co/KwQyvrFKQl
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.01% Gold: -0.44% Silver: -2.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/N66tiot0u0
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.34% 🇯🇵JPY: -0.02% 🇨🇦CAD: -0.05% 🇨🇭CHF: -0.17% 🇳🇿NZD: -0.35% 🇦🇺AUD: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/IUJ9wok2ie
British Pound Sentiment Sees Key Shift - What Does it Tell Us?

British Pound Sentiment Sees Key Shift - What Does it Tell Us?

2017-04-24 20:05:00
David Rodriguez, Head of Product
Share:

Following the Euro rally and US Dollar sell-off on French election results, retail traders in the IG Client Sentiment sample have aggressively pulled back on GBP/USD positioning. See below for the key moves and follow real-time analysis via the IG Client Sentiment page.

British Pound Sentiment Sees Key Shift - What Does it Tell Us?

Source: IG Client Sentiment.

View real-time data via our Client Sentiment page

GBPUSD: Retail trader data shows 48.5% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Apr 12 when GBPUSD traded near 1.24863; price has moved 2.4% higher since then. The number of traders net-long is 12.6% higher than yesterday and 15.9% higher from last week, while the number of traders net-short is 11.4% lower than yesterday and 3.6% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse lower despite the fact traders remain net-short.

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

DISCLOSURES