Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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EUR/GBP may struggle to hold on to recent gainsSterling continues to lose ground. Economists at ING analyze GBP outlook. Flagging downside risks to the 1.2000 area in Cable In the UK, the economic
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EUR/GBP struggles to find acceptance above 0.8700, bulls await move beyond 200-day SMAThe EUR/GBP cross continues with its struggle to find acceptance above the 0.8700 mark on Wednesday and retreats a few pips from the vicinity of the h
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EUR/GBP falling back from 0.8700 as markets gear up for EU CPI, UK GDPThe EUR/GBP pulled back from recent highs to settle into 0.8660 after reaching a session peak of 0.8706. The Euro (EUR) couldn't hang onto gains again
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Euro Technical Update: EUR/USD Eyes Worst Week Since May, EUR/GBP Rejects ResistanceThe Euro might remain in a bearish posture against the US Dollar and British Pound. As EUR/USD eyes the worst week since May, EUR/GBP might turn lower after rejecting resistance.
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EUR/GBP extends downside to near 0.8630 ahead of German inflationThe EUR/GBP pair drops vertically to near 0.8630 in the European session. The asset faces selling pressure ahead of Germany’s preliminary Harmonized I
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FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Sep 14, 2023 when FTSE 100 traded near 7,698.10.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
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