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
Bullish
GBP/USD
Bearish
USD/JPY
Bearish
Gold
Bearish
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
Bitcoin
Mixed
More View more
Real Time News
  • LIVE IN 30 MIN: Currency Strategist @PaulRobinsonFX keeps you updated with the latest movements and trends during the London session for the FX and CFDs Market here - https://www.dailyfx.com/webinars/243785867?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Riksbank's Jansson says the inflation situation is fragile $SEK
  • Liyba's NOC states that oil production was at 122,430bpd as of February 23rd #OOTT
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/SfyxfpLlC6
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/T63Op8nFm6
  • Today's FX option expiries - $EURUSD 1.0825-35 (1.1bln), 1.0850-60 (900mln), 1.0875-80 (1bln) - $AUDUSD 0.6675 (1.4bln) - $EURJPY 119.90 (873mln)
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.65%, while traders in USD/CAD are at opposite extremes with 69.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/HhJsadutsV
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.12% Gold: -0.73% Silver: -1.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lUE1dizUX7
  • Missed today's #AUDUSD weekly outlook webinar? See the recording here - https://t.co/8qO72jQ09n Topics included: - #Coronavirus fears' impact on AUD price action - Aussie Dollar technical analysis - #RBA, #Fed monetary policy outlook
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here: https://t.co/AKmlmaAZBS https://t.co/SQidi62RGj
British Pound Forecast Remains Bearish

British Pound Forecast Remains Bearish

2011-09-15 15:05:00
David Rodriguez, Head of Product
Share:
ssi_gbp-usd_body_Picture_7.png, British Pound Forecast Remains Bearish

GBPUSD – Forex trading crowds remain heavily net-long the British Pound against the US Dollar, but a more recent moderation in crowd sentiment waters down our previous bearish bias. The ratio of long to short positions in the GBPUSD stands at 2.70 as nearly 73% of traders are long. Yet long positions are 3.3% lower than yesterday and 24.4% weaker since last week. Short positions are 16.4% higher than yesterday and 20.2% stronger since last week.

The fact that crowds remain aggressively net-long gives us an overall bearish bias, but a more recent moderation in sentiment suggests that declines may slow.

To get on the mailing list for the SSI and other reports from author David Rodriguez, e-mail subject line “Distribution list” to drodriguez@dailyfx.com

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

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

DISCLOSURES

News & Analysis at your fingertips.