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
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
Gold
Bearish
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
  • Last week saw #stocks unravel as some of the globe’s major economies stumbled and #coronavirus concerns rampaged. Will stocks continue lower in the week ahead? Get your Indices market update from @PeterHanksFX here: https://t.co/T4jehtl0fE https://t.co/Zn6cdyepcD
  • $USDJPY is down over 150 pips from last week's high on #coronavirus fears https://t.co/lO5Qpk9wUQ
  • $EURUSD bounce from Fib support up to Fib resistance https://t.co/4NSZ1BIW7y
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.88% 🇨🇭CHF: 0.09% 🇪🇺EUR: 0.08% 🇦🇺AUD: -0.12% 🇨🇦CAD: -0.22% 🇬🇧GBP: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eJUkRasjLO
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: -2.79% Wall Street: -2.96% France 40: -3.99% Germany 30: -3.99% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/nK6SjSf2hy
  • Dow Jones Falls to its Lowest Price in 2020, Will DJIA Test Monthly Support? More details in the link below: https://www.dailyfx.com/forex/technical/article/special_report/2020/02/24/Dow-Jones-Falls-to-its-Lowest-Price-in-2020-Will-DJIA-Test-of-Monthly-Support-MK.html?CHID=9&QPID=917714 https://t.co/oey1c3t6LD
  • Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Feb 03, 2020 when Germany 30 traded near 12,999.10. A contrarian view of crowd sentiment points to Germany 30 weakness. https://www.dailyfx.com/sentiment https://t.co/kuP6G13JFT
  • France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Oct 03, 2019 when France 40 traded near 5,464.40. A contrarian view of crowd sentiment points to France 40 weakness. https://www.dailyfx.com/sentiment https://t.co/WGVZYX1IKX
  • Current US Treasury Yield Curve inversion https://t.co/UMfyVhuk4a
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Gold: 1.81% Silver: 1.23% Oil - US Crude: -3.90% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qhKj0AqwkV
British Pound Forecast to Bounce Further

British Pound Forecast to Bounce Further

2011-12-08 17:14:00
David Rodriguez, Head of Product
Share:
ssi_gbp-usd_body_Picture_8.png, British Pound Forecast to Bounce Further

GBPUSD – Forex trading crowds remain net-short the British Pound against the US Dollar, giving us contrarian signal that the pair could continue higher into the coming weeks.

The ratio of long to short positions in the GBPUSD stands at -1.18 as nearly 54% of traders are short. It’s important to note that this is a drop from yesterday as 65% of traders were short. Yet we see fairly significant risks that the US Dollar could continue to decline into the end of the year—giving us a bullish GBPUSD trading bias.

The noteworthy GBPUSD drop may represent a good buying opportunity against recent lows of 1.5570 and 1.5400.

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 receive the SSI via e-mail and other reports from author David Rodríguez, e-mail subject line “Distribution List” to drodriguez@dailyfx.com

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

News & Analysis at your fingertips.