Variety of merchants net-short has decreased by 8.40% from final week. SYMBOL
Variety of merchants net-short has decreased by 8.40% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/JPY |
BEARISH |
50.23% |
49.77% |
27.91%
-4.35% |
-19.56%
-8.40% |
-1.13%
-6.41% |
AUD/JPY: Retail dealer information exhibits 50.23% of merchants are net-long with the ratio of merchants lengthy to brief at 1.01 to 1. Actually, merchants have remained net-long since Sep 16 when AUD/JPY traded close to 76.69, value has moved 2.90% decrease since then. The variety of merchants net-long is 27.91% larger than yesterday and 4.35% decrease from final week, whereas the variety of merchants net-short is 19.56% decrease than yesterday and eight.40% 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 might proceed to fall.
Our information exhibits merchants are actually net-long AUD/JPY for the primary time since Sep 16, 2020 11:00 GMT when AUD/JPY traded close to 76.69. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger AUD/JPY-bearish contrarian buying and selling bias.