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
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
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • #Dow Jones price action printed its biggest weekly gain since the 1930s even though the major stock market index slipped 4% on Friday and remains down 25% year-to-date. Get your market update from @RichDvorakFX here: https://t.co/S6ro1mS8vn https://t.co/tPv05pin4y
  • Here is the quarterly chart of US Oil ($CL_F) with volume and 1-quarter rate of change at the bottom. Apparently, the futures volume this period is below the peak in 3Q 2017 https://t.co/VPj50DjhaD
  • Fed's Daly: - Federal government alone can't solve this problem - We are taking unprecedented action in unprecedented times $DXY
  • Fed's Daly: - Better to have been on a good footing when virus hit - Have been a proponent of infrastructure spending $SPX
  • Fed's Daly: - Further action dependent on evolution of the virus - Prepared to do whatever it takes to shore up economy $DXY
  • Fed's Daily: - Suspects we are already in a recession in the United States $SPX
  • LIVE NOW: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • time to make this happen - starting right now https://www.dailyfx.com/webinars/1338844901231735299 https://t.co/2Bq1cJwP8X
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/webinars/1338844901231735299
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.80%, while traders in US 500 are at opposite extremes with 72.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jw3mg4nz24
Looking for British Pound Weakness to Buy the Dip

Looking for British Pound Weakness to Buy the Dip

2014-01-02 18:00:00
Christopher Vecchio, CFA, Senior Strategist
Share:
ssi_gbp-usd_body_Picture_11.png, Looking for British Pound Weakness to Buy the Dip

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSDRetail traders remain true to their short GBPUSD bias as the calendar turns, but recent shifts in positioning warrant only a neutral outlook.

Trade Implications – GBPUSD: Crowd sentiment remains near extremes in GBPUSD as retail traders have remained short the pair since breaking through $1.5150 in July. As momentum on daily and weekly charts is firmly higher, setbacks are viewed as potential buying opportunities in the near-term.

--- Written by Christopher Vecchio, Currency Analyst for DailyFX.com

ssi_gbp-usd_body_Picture_12.png, Looking for British Pound Weakness to Buy the Dip

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

Contact Christopher via

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

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

DISCLOSURES

News & Analysis at your fingertips.