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. See our updated Privacy Policy here.

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
Subscribe
Please try again
GBP/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
More View more
Real Time News
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/S37kmWPLEn
  • Ethereum/Bitcoin spread looks to have broken trendline resistance we spoke about the weekend.https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/07/31/Bitcoin-BTC-and-Ethereum-ETH-Moving-Apart-Binance-Shutters-Some-European-Derivative-Markets.html #ethereum #bitcoin #eth #btc @dailyfx
  • 🇨🇭 Retail Sales YoY (JUN) Actual: 0.1% Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-08-02
  • 🇨🇭 Inflation Rate YoY (JUL) Actual: 0.7% Expected: 0.7% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-08-02
  • Heads Up:🇨🇭 Retail Sales YoY (JUN) due at 06:30 GMT (15min) Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-08-02
  • Heads Up:🇨🇭 Inflation Rate YoY (JUL) due at 06:30 GMT (15min) Expected: 0.7% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-08-02
  • 🇩🇪 Retail Sales YoY (JUN) Actual: 6.2% Previous: -1.8% https://www.dailyfx.com/economic-calendar#2021-08-02
  • Crude Oil Prices Drop After Weaker China PMI, Viral Resurgence https://www.dailyfx.com/forex/market_alert/2021/08/02/Crude-Oil-Prices-Drop-After-Weaker-China-PMI-Viral-Resurgence.html https://t.co/JD3rRvoSrG
  • 🇷🇺 Markit Manufacturing PMI (JUL) Actual: 47.5 Previous: 49.2 https://www.dailyfx.com/economic-calendar#2021-08-02
  • 🇩🇪 Retail Sales YoY (JUN) Actual: 6.2% Previous: -2.4% https://www.dailyfx.com/economic-calendar#2021-08-02
Australian Dollar Forecast Turns Clearly Bearish

Australian Dollar Forecast Turns Clearly Bearish

David Rodriguez, Head of Product
Australian Dollar Forecast Turns Clearly Bearish

Why and how do we use the SSI in trading? View our video and download the free indicator here

AUDUSD– Retail forex traders have bought aggressively into recent Australian Dollar losses, and a contrarian view of crowd sentiment warns of further AUD/USD declines.

Traders turned net-long the Australian Dollar in dramatic fashion as total open long positions jumped 22 percent, while short positions fell a remarkable 56 percent. Such sharp shifts leave us focused on further AUD downside.

See next currency section:NZDUSD - New Zealand Dollar Trend Turns Lower

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES