News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
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
Bearish
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here: https://t.co/UTWxbnNz7M https://t.co/98ZptQQCy4
  • Heads Up:🇬🇧 BoE Gov Bailey Speech due at 09:25 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-22
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/9:30 AM GMT to learn about how you can become a better trader. Register here: https://t.co/WeWGKtdlyz https://t.co/juZeQ5JaSQ
  • An economic calendar is a resource that allows traders to learn about important economic information scheduled to be released. Stay up to date on the most important global economic data here: https://t.co/JdvW6HNuqV https://t.co/Oqnnk57ZxZ
  • Heads Up:🇬🇧 BoE Haldane Speech due at 08:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-22
  • Gold Price Rise May Struggle to Continue as the US Dollar Rebounds - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/10/22/Gold-Price-Rise-May-Struggle-to-Continue-as-the-US-Dollar-Rebounds.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #XAUUSD #gold https://t.co/AxhHfg3xO6
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.70%, while traders in EUR/USD are at opposite extremes with 72.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/gysepTAwct
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/zdvmFNiqLD
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.27% Silver: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5KtqG4d8Ym
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.15% 🇯🇵JPY: 0.04% 🇪🇺EUR: -0.08% 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.15% 🇦🇺AUD: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tTYWvu60SE
British Pound Won’t Go Quietly - Risk of Bounce Grows

British Pound Won’t Go Quietly - Risk of Bounce Grows

2014-09-11 16:00:00
David Rodriguez, Head of Product
Share:
British Pound Won’t Go Quietly - Risk of Bounce Grows

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

GBPUSD A substantial shift in forex trader positions warns that the British Pound may soon trade higher versus the US Dollar.

Trade Implications – GBPUSD: Traders have punished the British currency on clear uncertainty ahead of the Scottish referendum vote, but in pricing out the real risks we believe the decline is overdone. Moreover the recent swing in crowd sentiment warns of exhaustion, and it already seems as though the GBP may close the gap established over the weekend and trade above $1.6320. Such a move would help confirm the fact that the Sterling likely set a short-term low and leave us looking for further gains.

See next currency section:USDJPY - US Dollar Remains in Clear Uptrend versus Japanese Yen

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

British Pound Won’t Go Quietly - Risk of Bounce Grows

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 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