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
Oil - US Crude
Bearish
Wall Street
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
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
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 1.70% Wall Street: 1.21% Germany 30: 1.20% US 500: 0.87% FTSE 100: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/IQYBPY8iLP
  • ECB's Guindos says no decision made on purchases of junk bonds - BBG
  • Among the risk-leaning FX benchmarks, $AUDUSD is up to its own 200-day moving average as it progresses to 3-month highs https://t.co/Lxmsb6OKVQ
  • The $SPX's emini continuous contract ($ES_F) has charged above its 200-day moving average and high-profile 3,000 level https://t.co/fVVFCzZZpY
  • GBP/USD is still rising within a triangle pattern on the charts and will likely continue to do so as long as trendline support holds. Get your $GBPUSD market update from @MartinSEssex here:https://t.co/itmza6bpyG https://t.co/pz8UlNfQQr
  • 🇺🇸 House Price Index MoM Actual: 0.1% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇺🇸 House Price Index MoM due at 13:00 GMT (15min) Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:🇷🇺 Unemployment Rate due at 13:00 GMT (15min) Expected: 5.5% Previous: 4.7% https://www.dailyfx.com/economic-calendar#2020-05-26
  • Heads Up:💶 ECB Financial Stability Review due at 13:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-05-26
  • 🇺🇸 Chicago Fed National Activity Index Actual: -16.74 Previous: -4.19 https://www.dailyfx.com/economic-calendar#2020-05-26
British Pound Uptrend Intact as Crowds Sell

British Pound Uptrend Intact as Crowds Sell

2012-10-18 15:39:00
David Rodriguez, Head of Product
Share:
ssi_gbp-usd_body_Picture_8.png, British Pound Uptrend Intact as Crowds Sell

GBPUSD – Retail FX traders remain exceedingly net-short the British Pound against the US Dollar (ticker: USDOLLAR), and a contrarian view of crowd sentiment leaves us in favor of further GBPUSD gains.

There is clear risk that the British Pound rally may have stalled at key technical resistance, but joining the crowd in getting short seems ill-advised given broader US Dollar declines.

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

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

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

DISCLOSURES

News & Analysis at your fingertips.