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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.

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Oil - US Crude
Bullish
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.

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Gold
Bullish
GBP/USD
Mixed
USD/JPY
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.

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British Pound Forecast to Continue Lower on Key Shift

British Pound Forecast to Continue Lower on Key Shift

David Rodriguez, Head of Product
British Pound Forecast to Continue Lower on Key Shift

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

GBPUSD: Retail trader data shows 51.6% of traders are net-long with the ratio of traders long to short at 1.07 to 1. The number of traders net-long is 8.7% higher than yesterday and 40.3% higher from last week, while the number of traders net-short is 8.0% lower than yesterday and 8.5% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.

See next article in this week’s report: USDJPY - Japanese Yen Rally May be Overdone, but Trend Remains Clear

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

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