Vantage FX UK Client Trading Activity Reveals Interesting Sentiment Trends in Headline Currencies

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The latest ‘Sentiment 100 Index’ analysis shows the strength of the four main currencies based on trades placed during February 2013.

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By analysing the trade activity in February carried out by Vantage FX UK’s clients it is possible to extrapolate some interesting trends for the main currencies which can help other traders both understand the market and predict how the forex market may be about to swing.

The latest ‘Sentiment 100 Index’ analysis shows the strength of the four main currencies based on trades placed during February 2013. The main currencies had the following:

‘Sentiment 100 Index’ Strength:

USD: 63
EUR: 52
JPY: 48
GBP: 38

This indicates that amongst Vantage FX UK clients, USD showed the most strength with 63% and GBP the least with just 38%.

Looking at it from another angle the analysis revealed the change in sentiment over the last month.

‘Sentiment 100 Index’ Change:

JPY: +10
GBP: -6
USD: -4
EUR: -1

The Japanese yen saw the biggest change in strength with an increase of 10% on January’s figures, with GBP dropping the most, coming in at 6% lower.

The main insight gained from February’s Sentiment Index Chart includes:

JPY saw the most dramatic shift in February with a 10% rise, taking most of its strength from the GBP. The increase followed a busy month for Shinzo Abe and his Government.

Sterling proved to be the biggest loser, showing a 6% decrease in strength - with the words of Mervyn King one of the likely influences on that figure, perhaps alongside the recent credit downgrade.

USD sentiment fell 4%, particularly following a 12% increase January. It will be interesting to see which direction that takes next.

There was little change in attitude towards the EUR with a small 1% decrease in strength.

Vantage FX UK will soon be producing regular monthly Sentiment Analysis to help both experienced traders make more insightful trades and to help guide novice traders as part of their forex training.

Follow @VantageFXUK to keep up-to-date with all the most important forex news or open a free forex demo account today.

About Vantage FX UK

Vantage FX UK is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.

What sets forex brokers Vantage FX apart is its wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.

Contact: Robert Berkeley, Vantage FX, robert.berkeley(at)vantagefx(dot)co(dot)uk, 02073324954

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