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.

Free Trading Guides
EUR/USD
Bearish
GBP/USD
Mixed
USD/JPY
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
Gold
Bullish
Oil - US Crude
Bearish
Bitcoin
Bearish
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.20% 🇳🇿NZD: -0.13% 🇨🇦CAD: -0.16% 🇪🇺EUR: -0.28% 🇦🇺AUD: -0.32% 🇬🇧GBP: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/3f2cEqfzp6
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 1.69% Gold: 0.51% Oil - US Crude: 0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/NODuUi2Xdh
  • With the relationship between $USDMXN and the S&P 500 holding about as steady as any time since 2015/16, a slip in stocks could mean a rip in USD/MXN. Get your market update from @PaulRobinsonFX here:https://t.co/WKpjcjZUOJ https://t.co/xyFkHSLkK1
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.21%, while traders in Germany 30 are at opposite extremes with 83.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gIxDQ2QGPI
  • This more or less validates the story circulating on Chinese social media of a woman flying to France and eating at a Michelin star restaurant while she was showing symptoms. This is not contained and will get much worse before it gets better. https://t.co/vFwwPwaTNn
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: US 500: 0.01% Wall Street: -0.00% Germany 30: -0.35% France 40: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/i6JbVnuUYx
  • RT @lisaabramowicz1: The Russel 2000 is underperforming large caps yet again today, down 1.4% today and bringing the year-to-date total ret…
  • $GBP: In the wake of the release the Pound came under pressure in a “buy the rumour, sell the fact” type fashion. Get your market update from @JMcQueenFX here:https://t.co/RDX2SuNSv3 https://t.co/aRaliibtF8
  • $USDSGD up as #coronoavirus sinks sentiment, still within descending resistance. Daily close above 1.3526 would place the downtrend at risk. Other #ASEAN FX markets closed at this point for trade (#PHP, #MYR, #IDR). Monday open may see these extend gains - https://t.co/Tc3q2ttNZ0 https://t.co/kmAC2ivzND
  • Silver is up over 1.50% since this morning $XAGUSD https://t.co/AryhQ0J9xx
Bitcoin: Bearish Bias Remains as Traders Chase Bounce

Bitcoin: Bearish Bias Remains as Traders Chase Bounce

2018-08-28 18:00:00
Jake Schoenleb,
Share:
Bitcoin

80% of Retail Traders Stay Net-Long

Bitcoin: Retail trader data shows 80.3% of traders are net-long with the ratio of traders long to short at 4.07 to 1. The number of traders net-long is 0.2% lower than yesterday and 2.1% higher from last week, while the number of traders net-short is 14.6% lower than yesterday and 8.6% lower from last week.

Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!

Bitcoin Sentiment Indicates a Strong Bearish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.

--- Written by Jake Schoenleb, DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.