Variety of merchants net-short has elevated by 7.43% from final week. SYMBOL
Variety of merchants net-short has elevated by 7.43% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
51.24% |
48.76% |
11.76%
27.37% |
-4.82%
7.43% |
3.01%
16.80% |
EUR/JPY: Retail dealer knowledge exhibits 51.24% of merchants are net-long with the ratio of merchants lengthy to brief at 1.05 to 1. In reality, merchants have remained net-long since Mar 18 when EUR/JPY traded close to 118.58, worth has moved 1.75% increased since then. The variety of merchants net-long is 11.76% increased than yesterday and 27.37% increased from final week, whereas the variety of merchants net-short is 4.82% decrease than yesterday and seven.43% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/JPY costs could proceed to fall.
Our knowledge exhibits merchants are actually net-long EUR/JPY for the primary time since Mar 18, 2020 01:00 GMT when EUR/JPY traded close to 118.58. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.