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
Bullish
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
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
  • At the Eurogroup's meeting today, the coronavirus was mentioned as a temporary curb to growth
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.15% 🇨🇭CHF: 0.03% 🇦🇺AUD: 0.02% 🇳🇿NZD: -0.01% 🇯🇵JPY: -0.11% 🇬🇧GBP: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/P0mJKN0ehv
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.28% Wall Street: 0.24% US 500: 0.22% France 40: 0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/sjYJLGdIbL
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Silver: 0.30% Oil - US Crude: 0.12% Gold: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EUu80ZRcXs
  • Under 'normal' analytical circumstances, it is suggested that a week local growth update would deflate a currency. Yet, the poor Japanese 4Q GDP update didn't send $USDJPY into its bullish break https://t.co/wtLvJjvl5a
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.48%, while traders in USD/CAD are at opposite extremes with 83.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/M2mRQ3aQtT
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.33% Oil - US Crude: -0.01% Gold: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/gPYjSE9yTT
  • RT @johnauthers: Yikes. Exclude the big 5 (Microsoft, Apple, Alphabet, Amazon and Google) and U.S. earnings were down 7.5% in the 4th quart…
  • RT @economics: China is considering making some purchases of U.S. agricultural goods by early March as a way to show it’s still committed t…
  • RT @YuanTalks: #China's passenger trips fell to 12.37 million on Feb. 16, 80.6% down from a year earlier, said the Ministry of Transport.…
British Pound Forecast to Drop Further

British Pound Forecast to Drop Further

2011-12-15 16:07:00
David Rodriguez, Head of Product
Share:
ssi_gbp-usd_body_Picture_8.png, British Pound Forecast to Drop Further

GBPUSD – Forex trading crowds have bought into recent British Pound/US Dollar strength, giving contrarian signal that the GBPUSD could continue lower through upcoming trade.

There are 1.22 traders long the GBPUSD for every 1 that is short. This is nonetheless a noteworthy change from yesterday when the same ratio was at 1.56, and it’s worth pointing out that long positions fell 8.1% overnight. Short positions are 17.7% higher than yesterday, and it seems as though crowds may be shifting to selling the recent GBP bounce.

Broader momentum favors GBPUSD losses, but traders should watch crowd sentiment. If crowds flip to net-short the GBPUSD, our sentiment bias could turn bullish.

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.