Fundamentals Support a USDJPY View but Hopelessly Complicate EURUSD

Talking Points: There are a number of fundamental themes exerting extraordinary market influence: trade wars; monetary policy; risk trends With exposure to all of the themes and complications in its standing with them, EURUSD is a particularly difficult trade While USDJPY certainly has connections to all the same themes, its sensitivity and probabilities promote a […]

GBPUSD Price Might Dip Lower Based on Sentiment

Traders Remain Net-Long Since Apr 20 GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.41803; price has moved 7.0% lower since then. The number of traders net-long is […]

GBP: Brexit and BoE Will Steer Sterling Next Week

Sterling Talking Points: Mixed data releases but Q2 growth looks weak. Brexit talk and BoE data key next week. The DailyFX Q2 GBP Forecast is available to download. Fundamental Forecast for GBP: Bullish We stay bullish on Sterling for the week ahead but caution that ongoing Brexit talks and the Bank of England monetary policy […]