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
Real Time News
  • $USD still ranging, back down to range support $DXY https://t.co/ulpUUUiWHH https://t.co/PlPrmToRmm
  • Heads Up:🇧🇷 Markit Services PMI (JUL) due at 13:00 GMT (15min) Previous: 53.9 https://www.dailyfx.com/economic-calendar#2021-08-04
  • one hour from now - deep dive on the $USD ahead of #NFP https://www.dailyfx.com/webinars/140187219 https://t.co/4L6hDLyOyV
  • 🇨🇦 Building Permits MoM (JUN) Actual: 6.9% Expected: 5.5% Previous: -12.9% https://www.dailyfx.com/economic-calendar#2021-08-04
  • Join @JStanleyFX at 9:30 EST/13:30 GMT for your mid-week market update webinar. Register here: https://t.co/daghpCQ68Y https://t.co/AWnSbVT85m
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here: https://t.co/zEEUHZBx7g https://t.co/lYpSmD9IbM
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.12%, while traders in France 40 are at opposite extremes with 79.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6T0zA4e3sd
  • 🇺🇸 ADP Employment Change (JUL) Actual: 330K Expected: 695K Previous: 692K https://www.dailyfx.com/economic-calendar#2021-08-04
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.69% 🇦🇺AUD: 0.23% 🇬🇧GBP: 0.11% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.07% 🇨🇭CHF: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AQCue68vUF
  • Heads Up:🇨🇦 Building Permits MoM (JUN) due at 12:30 GMT (15min) Expected: 5.5% Previous: -14.8% https://www.dailyfx.com/economic-calendar#2021-08-04
GBPUSD: Traders Remain Net-Long Since May 06

GBPUSD: Traders Remain Net-Long Since May 06

Research, Research Team
GBPUSD

75.8% OF TRADERS ARE NET-LONG

GBPUSD: Retail trader data shows 75.8% of traders are net-long with the ratio of traders long to short at 3.13 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.30919; price has moved 1.9% lower since then. The number of traders net-long is 11.4% higher than yesterday and 27.9% higher from last week, while the number of traders net-short is 13.4% lower than yesterday and 30.8% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Wednesday 00:00 GMT

Wednesday 12:30 GMT

Thursday 21:00 GMT

Tuesday 15:00 GMT

(click on one of the above times to enroll)

GBPUSD: SENTIMENT SUGGESTS A BEARISH TRADING 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.

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

DISCLOSURES