Variety of merchants net-short has elevated by 153.68% from final week. SYMBOL
Variety of merchants net-short has elevated by 153.68% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
47.72% |
52.28% |
-10.20%
-17.60% |
61.74%
153.68% |
17.01%
27.35% |
AUD/JPY: Retail dealer information reveals 47.72% of merchants are net-long with the ratio of merchants quick to lengthy at 1.10 to 1. Actually, merchants have remained net-short since Mar 23 when AUD/JPY traded close to 65.09, worth has moved 0.30% larger since then. The variety of merchants net-long is 10.20% decrease than yesterday and 17.60% decrease from final week, whereas the variety of merchants net-short is 61.74% larger than yesterday and 153.68% larger from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests AUD/JPY costs could proceed to rise.
Our information reveals merchants at the moment are net-short AUD/JPY for the primary time since Mar 23, 2020 11:00 GMT when AUD/JPY traded close to 65.09. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger AUD/JPY-bullish contrarian buying and selling bias.