Skip to content
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
More View more
Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches

Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches

Jake Schoenleb, Contributor
GBP/USD

64% Of Retail Traders are Net-Long

GBPUSD: Retail trader data shows 64.7% of traders are net-long with the ratio of traders long to short at 1.83 to 1. In fact, traders have remained net-long since Sep 20 when GBPUSD traded near 1.2914; price has moved 2.1% lower since then. The number of traders net-long is 7.3% lower than yesterday and 4.9% lower from last week, while the number of traders net-short is 23.4% higher than yesterday and 29.2% higher from last week.

GBPUSD Sentiment Suggest That Prices May Continue to Rise

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Jake Schoenleb, DailyFX Research

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

DISCLOSURES