Variety of merchants net-short has decreased by 12.22% from final week. SYMBOL
Variety of merchants net-short has decreased by 12.22% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.62% |
49.38% |
10.96%
20.90% |
-5.58%
-12.22% |
2.13%
1.91% |
AUD/JPY: Retail dealer information reveals 50.62% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. In truth, merchants have remained net-long since Apr 20 when AUD/JPY traded close to 68.32, value has moved 1.49% greater since then. The variety of merchants net-long is 10.96% greater than yesterday and 20.90% greater from final week, whereas the variety of merchants net-short is 5.58% decrease than yesterday and 12.22% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/JPY costs could proceed to fall.
Our information reveals merchants at the moment are net-long AUD/JPY for the primary time since Apr 20, 2020 11:00 GMT when AUD/JPY traded close to 68.32. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger AUD/JPY-bearish contrarian buying and selling bias.