Saturday, July 23, 2016

British Pound Trade Seems too Good to be True – Watch Key Risk

British Pound Trade Seems too Good to be True – Watch Key Risk


British Pound Trade Seems too Good to be True – Watch Key Risk

Posted: 23 Jul 2016 08:35 AM PDT

The British Pound finished the week almost exactly unchanged against the Dollar despite clear disappointments in UK economic data. A busy economic calendar in the days ahead could nonetheless have a lasting impact on trader sentiment, and the stakes are high heading into a critical Bank of England interest rate decision in two weeks’ time.

Retail Traders Hold Most Extreme S&P 500 Net Short Position in 2 Years

Posted: 22 Jul 2016 08:27 PM PDT

The DailyFX Speculative Sentiment Index is showing that 92 percent of retail CFD traders are short the S&P 500 attempting to pick a top. Contrarians would say this is a signal for further gains.

Weekly Fundamental Forecast: FOMC; BoJ; US, EZ and UK GDP Top Busy Docket

Posted: 22 Jul 2016 08:09 PM PDT

The economic calendar is overloaded with event risk that is both known for heavy market impact and for its growing systemic importance. What should you keep track of for trading the Dollar, Euro, Yen and Pound?

USDollar Looks to Fed, US GDP, Struggling Euro and Yen to Guide It

Posted: 22 Jul 2016 08:05 PM PDT

The USDollar has advanced for five consecutive weeks – although the pace hardly resembles the unconstrained bull trend through the first quarter of 2015.

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