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
Mixed
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
Oil - US Crude
Mixed
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
Mixed
Gold
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
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-23
  • Heads Up:🇩🇪 Bundesbank Mauderer Speech due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-23
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/yXomAftdv8 https://t.co/9N3XRViUin
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.61%, while traders in EUR/USD are at opposite extremes with 69.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4I6evWndsv
  • 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: https://t.co/aVAzFypAg1 https://t.co/afeXKfZT4K
  • 🇷🇺 Interest Rate Decision Actual: 4.25% Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-10-23
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.43% Gold: 0.29% Silver: 0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/joUZve1zxA
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.44% 🇳🇿NZD: 0.36% 🇨🇭CHF: 0.32% 🇯🇵JPY: 0.20% 🇨🇦CAD: 0.17% 🇬🇧GBP: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/jitwr50kLY
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.25% Previous: 4.25% https://www.dailyfx.com/economic-calendar#2020-10-23
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.38% France 40: 1.05% Germany 30: 0.78% Wall Street: 0.26% US 500: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/T1eJUg4Xb4
Asia AM Digest: British Pound Gains on Brexit Breakthrough Hopes

Asia AM Digest: British Pound Gains on Brexit Breakthrough Hopes

2017-11-21 00:00:00
DailyFX Research,
Share:

Get the Asia AM Digest every day before Tokyo equity markets opensign up here!

The Euro succumbed to broad-based selling pressure after German coalition negotiations broke down, opening the door for the possibility of a repeat election. The British Pound pushed higher amid reports that the UK might be willing to improve its offer on the EU “divorce bill” payout, hinting that Brexit talks may begin to move forward again having stalled recently.

Most other G10 FX currencies were in correction mode. The US Dollar turned higher as prices retraced losses after Friday’s close marked two consecutive weeks on the defensive. Meanwhile, the Japanese Yen retreated while the sentiment-linked Australian and New Zealand Dollars reclaimed some lost ground as markets digested moves made amid risk aversion following the revelation that Special Counsel Robert Mueller has subpoenaed the Trump campaign.

DailyFX Economic Calendar: Asia Pacific (all times in GMT)

Asia AM Digest: British Pound Gains on Brexit Breakthrough Hopes

DailyFX Webinar Calendar21 October 2017

AUD/USD Trading Prep for the Week Ahead (03:00 GMT) with Ilya Spivak

Asia Pacific Market Drivers (09:00 GMT) with David Cottle

Indices & Commodities Analysis for the Active Trader (10:00 GMT) with Paul Robinson

Trading Price Action (18:00 GMT) with James Stanley

Trading Q&A (21:00 GMT) with John Kicklighter

IG Client Sentiment Index Chart of the Day: GBP/JPY

Asia AM Digest: British Pound Gains on Brexit Breakthrough Hopes

CLICK HERE to learn more about the IG Client Sentiment Index

Retail trader data shows 49.0% of traders are net-long GBP/JPY, with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Nov 07 when GBP/JPY traded near 149.806; price has moved 0.6% lower since then. The number of traders net-long is 0.4% lower than yesterday and 17.1% lower from last week, while the number of traders net-short is 9.2% lower than yesterday and 25.9% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/JPY 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 GBP/JPY price trend may soon reverse lower despite the fact traders remain net-short.

Five Things Traders are Reading

  1. USD/CAD Hugs Trend Line, But For How Much Longer? by Jeremy Wagner, CEWA-M
  2. Gold Prices Fall Back to Confluent Support, Threatening to Break Impasse by James Stanley, Currency Strategist
  3. GBP/USD Marches Toward Monthly-High (1.3321) Ahead of BoE Testimony by David Song, Currency Analyst
  4. Gold Prices Sport a Bearish Pattern; EUR/USD May Dip to 1.1650by Jeremy Wagner, CEWA-M
  5. Bitcoin Rallies Through $8,200; New Crypto Market Cap Record by Nick Cawley, Analyst

To get the Asia AM Digest every day before the Tokyo cash equity open, sign up here

To get the US AM Digest every day before the US cash equity open, sign up here

To get both reports daily, sign up here

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

DISCLOSURES