Sentiment Warns of British Pound Pullback

| 28 september, 2017 | 0 kommentarer

Sentiment Warns of British Pound Pullback

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

GBPUSD: Retail merchant information shows 35.5% of traders are net-long with a ratio of traders brief to prolonged during 1.81 to 1. In fact, traders have remained net-short given Sep 05 when GBPUSD traded nearby 1.29615; cost has changed 3.7% aloft given then. The series of traders net-long is 6.0% aloft than yesterday and 7.5% aloft from final week, while a series of traders net-short is 4.6% reduce than yesterday and 8.5% reduce from final week.

We typically take a contrarian perspective to throng sentiment, and a fact traders are net-short suggests GBPUSD prices might continue to rise. Yet traders are reduction net-short than yesterday and compared with final week. Recent changes in view advise that a stream GBPUSD cost trend might shortly retreat reduce notwithstanding a fact traders sojourn net-short.

— Written by Christopher Vecchio, CFA, Senior Currency Strategist

To hit Christopher Vecchio, e-mail [email protected]

Follow him on Twitter during @CVecchioFX

To be combined to Christopher’s e-mail placement list, please fill out this form

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.


E-postadressen publiceras inte. Obligatoriska fält är märkta *