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
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
Mixed
Wall Street
Bearish
Gold
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.

Data provided by
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
Mixed
More View more
Real Time News
  • Heads Up:🇯🇵 Foreign Bond Investment (08/MAY) due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-12
  • Heads Up:🇯🇵 Bank Lending YoY (APR) due at 23:50 GMT (15min) Previous: 6.3% https://www.dailyfx.com/economic-calendar#2021-05-12
  • Heads Up:🇯🇵 Foreign Bond Investment (01/MAY) due at 23:50 GMT (15min) Previous: ¥132.8B https://www.dailyfx.com/economic-calendar#2021-05-12
  • RT @FxWestwater: #Bitcoin (BTC) Plunges on Tesla Bitcoin Suspension, $AUDUSD Spars USD Strength Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/05/12/Bitcoin-BTC-Plunges-on-Tesla-Bitcoin-Suspension-AUDUSD-Spars-USD-Strength.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co…
  • The Euro's technical posture against the US Dollar, Japanese Yen and Australian Dollar shows potential for near-term directional shifts. Here are the EUR/USD, EUR/AUD and EUR/JPY levels to watch. Get your $EUR market update from @FxWestwater here:https://t.co/7rW8FGPBUt https://t.co/jOxYD3Tyfe
  • Bank of England's Haldane sees UK inflation above the 2% target by year end - BBG
  • The Japanese Yen may fall against its major peers, but there is room for a near-term climb that wouldn’t necessarily overturn a bearish technical bias. USD/JPY is eyeing support. Get your market update from @ddubrovskyFX here:https://t.co/AEnQCXnwAL https://t.co/FChTU7JZBB
  • #TSLA shares also down about 1% in afterhours https://t.co/UNZ9f1EdEc
  • Elon Musk: - Tesla has suspended vehicle purchases using #Bitcoin - There are concerns about the environmental effects of Bitcoin mining
  • Bitcoin in retreat following Elon Musk's tweet about Tesla's suspension of accepting Bitcoin as payment and the environmental impacts of mining $BTCUSD #BTC #Bitcoin https://t.co/A23d7xlXH4
GBP/USD: Net-Longs Reach 70% As  Price Continues To Decline

GBP/USD: Net-Longs Reach 70% As Price Continues To Decline

Yayati Tanwar,
GBPUSD

Net-Short Positions Decrease 18.4% Since Last Week

GBPUSD: Retail trader data shows 70.4% of traders are net-long with the ratio of traders long to short at 2.37 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.40858; price has moved 7.4% lower since then. The number of traders net-long is 11.7% higher than yesterday and 14.4% higher from last week, while the number of traders net-short is 6.0% lower than yesterday and 18.4% lower from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

Shift in Net-Longs Suggest Bearish Bias

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.

--- Written by Yayati Tanwar, DailyFX Research

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

DISCLOSURES