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. See our updated Privacy Policy here.

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
Subscribe
Please try again
Wall Street
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
More View more
Real Time News
  • Gold posting decent gains for the session, up just shy of 0.5% as risk-assets broadly decline $XAUUSD #Gold https://t.co/uCYLg6Eqjy
  • USD/CAD spiked to start the week, setting a fresh September high at 1.2986. Get your $USDCAD market update from @JStanleyFX here:https://t.co/mx9lzAtbVS https://t.co/0kYUz6LpOA
  • RT @YahooFinance: “When you look at what’s going on in the Chinese bond indices, it appears that this is still contained to the real estate…
  • House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer seek a suspension of the debt limit through Dec. 2022 - BBG $USD $DXY
  • Dow now down -2.5%. Worst single-day drop in 11 months
  • ECB's Villeroy - Recent bout of strong inflation is temporary - There is no doubt the ECB needs to maintain accommodative stance $EUR
  • pretty much a one way move in $SPX since that resistance inflection last week $ES $SPY had a little flicker up to resistance after the open today but sellers are feasting https://t.co/hDg80JEb4g https://t.co/1eviGucl7h
  • Sentiment in China deteriorated even further overnight amid the rising risks regarding Chinese property developer, Evergrande, which saw its shares fall another 10%. Get your market update from @JMcQueenFX here:https://t.co/mV9XCVy2ni https://t.co/xSdsVwRESi
  • #Sterling Outlook: $GBPUSD Plunge Breaks Monthly Range- Support in View -https://t.co/tswFwegbE8 https://t.co/3KI7UslSo7
  • The S&P 500 finds temporary support in the 100-day moving average, with the index down over 2.2% on the day $SPX $SPY $ES https://t.co/LYcRAINMPK
British Pound Shows Early Signs of Turnaround

British Pound Shows Early Signs of Turnaround

David Rodriguez, Head of Product
British Pound Shows Early Signs of Turnaround

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

GBPUSD The retail forex trading crowd remains modestly long the British Pound versus the US Dollar, and a contrarian view of herd sentiment gives us a contrarian bearish trading bias. It’s important to note that sentiment has actually moderated since last week; long positions are flat while short positions are up by 8 percent. Yet we would need to see a more sustained shift in sentiment to call for a meaningful reversal.

See next currency section:USDJPY - US Dollar May Have Turned versus Japanese Yen

--- 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.

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