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
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
GBP/USD
Bearish
USD/JPY
Mixed
Gold
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.07% 🇪🇺EUR: -0.12% 🇨🇦CAD: -0.30% 🇯🇵JPY: -0.69% 🇦🇺AUD: -0.73% 🇳🇿NZD: -0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aqhg9QbhXp
  • GBP/USD Eyes A Downside Break, Watch This Price - GBP vs USD Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/gbp-usd/2020/02/20/GBPUSD-Eyes-A-Downside-Break-Watch-This-Price--GBP-vs-USD-Forecast-MK.html https://t.co/gvsS6RX5DT
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.09% US 500: -0.10% France 40: -0.12% Wall Street: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/V2M6TitV2O
  • ECB's De Guindos says the Euro Area economy still needs strong support from monetary policy measures $EUR
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/SexVTCpgJ2
  • Russia's Novak does not state if Russia will support deeper oil output reductions #OOTT
  • 🇬🇧 GBP Retail Sales Ex Auto Fuel (YoY) (JAN), Actual: 1.2% Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-02-20
  • The spread of #coronavirus promises a global economic hit at a time when the global economy is perhaps especially ill-equipped to deal with one. Growth-correlated assets are vulnerable. Get your market update from @DavidCottleFX here: https://t.co/0If0Jw7c2P https://t.co/KEWY1dET4m
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/eNA6uFXAXa
  • Heads Up:🇬🇧 GBP Retail Sales Ex Auto Fuel (YoY) (JAN) due at 09:30 GMT (15min), Actual: N/A Expected: 0.5% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-02-20
British Pound Expected to Gain

British Pound Expected to Gain

2011-10-13 14:58:00
David Rodriguez, Head of Product
Share:
ssi_gbp-usd_body_Picture_8.png, British Pound Expected to Gain

GBPUSD – Forex trading crowds turned net-short the British Pound against the US Dollar when the pair traded near the $1.5450 mark, giving contrarian signal that the pair could continue its advance. The SSI ratio currently stands at -1.57 as approximately 61% of traders are short. Yesterday, that same ratio was at -2.41; Short positions are 27.0% lower than yesterday and 25.3% stronger since last week. Long positions are 11.7% higher than yesterday and 1.4% stronger since last week.

The fact that crowds remain net-short gives us a bullish contrarian bias, but the sudden drop in short interest limits our enthusiasm in fresh GBPUSD long positions.

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

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

To contact David, e-mail drodriguez@dailyfx.com

To be added to David’s e-mail distribution list for this and other reports, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.