Variety of merchants net-short has decreased by 5.39% from final week. SYMBOL
Variety of merchants net-short has decreased by 5.39% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.10% |
49.90% |
17.38%
20.54% |
-1.80%
-5.39% |
6.96%
6.03% |
EUR/GBP: Retail dealer information reveals 50.10% of merchants are net-long with the ratio of merchants lengthy to quick at 1.00 to 1. In actual fact, merchants have remained net-long since Could 12 when EUR/GBP traded close to 0.88, value has moved 1.52% increased since then. The variety of merchants net-long is 17.38% increased than yesterday and 20.54% increased from final week, whereas the variety of merchants net-short is 1.80% decrease than yesterday and 5.39% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/GBP costs might proceed to fall.
Our information reveals merchants at the moment are net-long EUR/GBP for the primary time since Could 12, 2020 15:00 GMT when EUR/GBP traded close to 0.88. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger EUR/GBP-bearish contrarian buying and selling bias.