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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
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
Gold
Bullish
GBP/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
USD/JPY
Bullish
More View more
Real Time News
  • US Dollar Index (DXY) failed last week at important resistance. Burst lower puts it in position to sail towards 2018 lows. Get your $USD market update from @PaulRobinsonFX here:https://t.co/MvfsVis9AA https://t.co/GUpgmeFOdo
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.94% Gold: -0.04% Oil - US Crude: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lcqwW08cch
  • The BOE and the ECB won’t meet again for six weeks. Nevertheless, speculation around what they may do next continues to drive markets. Get your market update from @CVecchioFX here:https://t.co/Nmxg4Vsr5L https://t.co/PewJ6S9oT9
  • Fed's Harker: - The Fed has the tools to deal with rising inflation - Inflation expectations are not unanchored
  • Fed's Harker: -Prior to raising the Fed Funds Rate, the Fed will reduce asset purchases - Before we talk about tapering, let's see how the labor market heals
  • RT @RiskReversal: Check it out, on this week's @macrosetup @GuyAdami is bestowed a new nickname, one which I think has the potential to s…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.43%, while traders in GBP/JPY are at opposite extremes with 68.71%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7kkHhQN06H
  • Fed's Harker: - April employment data most likely an outlier given underlying fundamental strength - US labor market expected to rebound to pre-pandemic levels by next year
  • Fed's Harker: - For the time being, Fed strategy would remain unchanged - Increased inflation carries upside risks and the Fed will keep a close eye on it
  • Fed's Harker: - Some people's apprehension over being vaccinated, as well as prospect of new strains, pose threats - I am forecasting 2.3% headline inflation for 2021, core inflation at 2%
Stronger Case Made for the Pound to Rally

Stronger Case Made for the Pound to Rally

Dylan Jusino,
Stronger Case Made for the Pound to Rally

GBPUSD: Retail trader data shows 44.0% of traders are net-long with the ratio of traders short to long at 1.27 to 1. The number of traders net-long is 8.7% lower than yesterday and 13.0% lower from last week, while the number of traders net-short is 2.2% higher than yesterday and 11.6% lower from last week.

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

--- Written by Dylan Jusino, DailyFX Research

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

DISCLOSURES