EUR/USD And EUR/GBP Latest Retail Sentiment Analysis

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6/20/2024 5:24:03 AM

(MENAFN- DailyFX) UR/GBP Latest Retail Sentiment Analysis Skip to Conten

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10:00:00 Medium Consumer Confidence (May) Actual Forecast Previous Revised 84.5
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Host: Duration: min 09:18:36 widgets/economicCalendar._abbr () Actual Forecast Previous Revised EUR/USD Mixed
1h Last updated: Jun 20, 2024
Long Short
Note: Low and High figures are for the trading day.
Data provided by News EUR/USD and EUR/GBP Latest Retail Sentiment Analysis 2024-06-20 08:00:08 EUR/USD Fails to Capitalize on Monday's Reprieve, Downside Risks Persist 2024-06-18 10:09:19 Oil - US Crude Mixed

1h Last updated: Jun 20, 2024

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Data provided by News OPEC+ Fights Declining Oil Prices with Extended Production Cuts, Phased Tapering 2024-06-03 08:19:41 US Crude Oil Prices Return More Gains As Market Looks To Inventories, OPEC 2024-05-30 14:30:16 Wall Street Mixed

1h Last updated: Jun 20, 2024

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Data provided by News Dow Moves Higher & Nasdaq 100 Surges, but Nikkei 225 Lags Behind 2024-06-18 12:00:00 Dow and Nikkei 225 under pressure, but Nasdaq 100 surges once more 2024-06-13 12:00:44 Gold Mixed

1h Last updated: Jun 20, 2024

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Data provided by News Gold (XAU/USD) & Silver (XAG/USD) - Latest Retail Sentiment Analysis 2024-06-19 10:00:29 Gold Price Update: Negative Divergence Hints at Lower Prices, NFP Marked Recent Bottom 2024-06-18 16:33:28 GBP/USD Bearish

1h Last updated: Jun 20, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News UK Inflation Hits Bank of England Target – What Now? 2024-06-19 08:10:58 BoE, Sterling Outlook: GBP/USD, GBP/CHF Key Levels and Scenarios to Watch 2024-06-17 14:00:30 USD/JPY Bullish

1h Last updated: Jun 20, 2024

Long Short
Note: Low and High figures are for the trading day.
Data provided by News USD/JPY Testing Multi-Week Highs, Will the BoJ Wait Until the End of July? 2024-06-17 16:30:24 US Dollar Index Prints a One-Month High, USD/JPY Rallies Post-BoJ Meeting 2024-06-14 07:40:10 More View More

🇳🇴 Norges Bank Interest Rate Decision Actual: 4.5% Expected: 4.5% Previous: 4.5%
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EUR/USD and EUR/GBP Latest Retail Sentiment Analysis
EUR/USD – Mixed Outlook
EUR/GBP – Traders Heavily Long
EUR/USD and EUR/GBP Latest Retail Sentiment Analysis

EUR/USD – Big Jump in Weekly Longs.
EUR/GBP Traders Remain Long but Shorts Increase.
Recommended by Nick Cawley Traits of Successful Traders Get My Guide EUR/USD – Mixed Outlook
According to the latest IG retail trader data, 54.49% of traders hold a net-long position, with the ratio of long to short traders at 1.20 to 1. The number of net-long traders has decreased by 0.84% compared to the previous day but has increased by 34.83% compared to last week. On the other hand, the number of net-short traders has increased by 7.36% from yesterday but has decreased by 4.00% from last week.
Our approach typically contrasts with crowd sentiment, and the fact that traders are net-long suggests that EUR /USD prices may continue to fall. However, the current positioning is less net-long than yesterday but more net-long compared to last week. This combination of current sentiment and recent changes presents a mixed trading bias for the EUR/USD pair.
EUR/USD Daily Price Chart
Recommended by Nick Cawley How to Trade EUR/USD Get My Guide EUR/GBP – Traders Heavily Long
The latest IG retail trader data reveals that 73.13% of traders are maintaining a net-long position, with the ratio of long to short traders standing at 2.72 to 1. While the number of net-long traders has increased by 1.73% compared to the previous day, it has decreased by 6.71% from last week. In contrast, the number of net-short traders has decreased by 3.00% from yesterday but has increased by 48.09% from last week.
Our strategy typically involves taking a contrarian view to crowd sentiment, and the fact that traders are net-long suggests that EUR/GBP prices may continue to decline. However, the positioning is more net-long than yesterday but less net-long compared to last week. This combination of current sentiment and recent changes presents a mixed trading bias for the EUR/GBP pair.
EUR/GBP Daily Chart
EUR/GBP Bullish Data provided by

of clients are net long. of clients are net short.

Change in	Longs	Shorts	OI
Daily	3%	5%	4%
Weekly	-7%	39%	2%

What does it mean for price action? Get My Guide

All charts using TradingView

What is your view on the EURO – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1 .

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