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
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.

Data provided by
More View more
Real Time News
  • I guess a $50 billion buyback plan doesn't solve everything... $FB
  • 🇺🇸 New Home Sales MoM (SEP) Actual: 14% Previous: -1.4% https://www.dailyfx.com/economic-calendar#2021-10-26
  • 🇺🇸 CB Consumer Confidence (OCT) Actual: 113.8 Expected: 108.3 Previous: 109.8 https://www.dailyfx.com/economic-calendar#2021-10-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.45%, while traders in Wall Street are at opposite extremes with 74.42%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ML0zQXJL0X
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.18% Gold: -0.85% Silver: -1.79% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DM4AY5BTj6
  • Heads Up:🇺🇸 New Home Sales MoM (SEP) due at 14:00 GMT (15min) Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-10-26
  • Heads Up:🇺🇸 CB Consumer Confidence (OCT) due at 14:00 GMT (15min) Expected: 108.3 Previous: 109.3 https://www.dailyfx.com/economic-calendar#2021-10-26
  • DXY continues to test the trend and support, Get your market update from @PaulRobinsonFX here:https://t.co/MRSNMjbapB https://t.co/eUosICS0eP
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.97% FTSE 100: 0.63% France 40: 0.62% US 500: 0.36% Wall Street: 0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/DWeASLohgZ
  • $UPS, the American shipping and 'supply chain management' company reported better revenues $23.18bln vs $22.56 expectations and EPS of $2.71 vs $2.52 expectations. Shares were up +4.5% pre-open. A macro-insight dig as well https://t.co/DWKZxwxCPT
Major Shift Warns of Further British Pound Weakness

Major Shift Warns of Further British Pound Weakness

David Rodriguez, Head of Product

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Major Shift Warns of Further British Pound Weakness

IG Client Sentiment data shows the majority of traders are now net-long the British Pound versus the US Dollar—breaking a two-month trend. A contrarian view of ‘crowd’ sentiment warns of declines.

If most traders are long we prefer to be short and vice-versa. And major GBP/USD tumbles following a shock-result in the UK Elections have been met with aggressive buying. It would take a fairly significant subsequent shift in the opposite direction to shift us from our short-term bearish GBP/USD price forecast.

See the links below for our sentiment-based forecasts for the British Pound as well as the Euro, Yen, Australian Dollar, Gold Price, and US S&P 500.

EURUSD - Our Euro Forecast may Shift as Traders Show Change of Heart

GBPUSD - British Pound Forecast to Continue Lower on Key Shift

USDJPY - Japanese Yen Rally May be Overdone, but Trend Remains Clear

Spot Gold - Gold Price Outlook Unclear until this Changes

AUDUSD - Australian Dollar Forecast to Rally Further

S&P 500 - S&P Remains a Buy until this Changes

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

--- Written by David Rodriguez, Senior Strategist for DailyFX.com

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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

DISCLOSURES