EUR/USD, GBP/JPY, IG Consumer Sentiment Outlook - Speaking Factors:Euro eyeing ECB and FOMC minutes, Poun
EUR/USD, GBP/JPY, IG Consumer Sentiment Outlook – Speaking Factors:
- Euro eyeing ECB and FOMC minutes, Pound specializing in UK election polling
- Dealer positioning hints the near-term EUR/USD uptrend has room to lengthen
- GBP/JPY might fall on technical indicators and net-long bets in IG Consumer Sentiment
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EUR/USD is approaching this week’s FOMC and ECB minutes with a cautious technical upside bias. Although US-China commerce warfare woes might in the end show the important thing basic affect for the world’s most-liquid foreign money pair. In the meantime, GBP/JPY is struggling to clear key resistance regardless of current UK election polling supporting the British Pound. The place might these pairs go given current developments in dealer positioning?
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Euro Sentiment Outlook
Trying on the IG Client Sentiment report from November 19, about 49 % of EUR/USD merchants are net-long. That is down from a couple of 63% upside bias since costs bottomed earlier this month. Merchants are additional net-short than yesterday and from the prior week.This mixture of present sentiment and up to date modifications is providing a stronger EUR/USD-bullish…