Net-Long Traders Drops Below 70% GBPUSD: Retail trader data shows 67.7% of traders are net-long with the ratio of traders long to short at 2.09 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.42353; price has moved 5.9% lower since then. The number of traders net-long is 4.5% […]
British Pound Talking Points The British Pound slips to a fresh weekly-low even as the U.K. Consumer Price Index (CPI) holds steady at an annualized 2.4% in May, and GBP/USD may continue to give back the advance from the May-low (1.3204) as it extends the recent series of lower highs & lows. GBP/USD Lags Behind […]
Net-Long Positions are Down By 16.6% Since Last Week US 500: Retail trader data shows 34.6% of traders are net-long with the ratio of traders short to long at 1.89 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2676.12; price has moved 4.3% higher since then. The […]
GBPUSD technical analysis: — GBPUSD remains under downward pressure. — However, in the near-term, a rally is possible after a moving average crossover on the five-minute chart. Check out the IG Client Sentiment data to help you trade profitably. Near-term rally possible for GBPUSD GBPUSD remains under downward pressure after the latest UK inflation data […]
Net-Long Traders Increased Above 50% Once Again USDJPY: Retail trader data shows 53.0% of traders are net-long
Japanese Yen Talking Points USD/JPY pulls back from a fresh weekly-high (110.49) as the updates to the U.S. Consumer Price Index (CPI) instill a mixed outlook for the real economy, and the dollar-yen exchange rate may continue to consolidate ahead of the Federal Open Market Committee (FOMC) interest rate decision on June 13 as market […]
Talking Points: — The Dow Jones Industrial Average has continued up to fresh two-month highs, finding resistance at the 14.4% Fibonacci retracement of the post-Election move in the Dow. — The next couple of days bring heightened event risk around global markets, as tomorrow’s FOMC rate decision leads into an ECB meeting in which market […]
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Australian Dollar Talking Points AUD/USD retraces the decline from late last week even as the G7 Summit does little to ward off the threat for a global trade war, and the pair may continue to catch a bid over the next 24-hours of trade as the recent pickup in market sentiment appears to be gathering […]
Traders Remain Net-Long Since Apr 30 EURUSD: Retail trader data shows 53.7% of traders are net-long with the ratio of traders long to short at 1.16 to 1. In fact, traders have remained net-long since Apr 30 when EURUSD traded near 1.22322; price has moved 3.5% lower since then. The number of traders net-long is […]