Variety of merchants net-short has elevated by 10.33% from final week. SYMBOL
Variety of merchants net-short has elevated by 10.33% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
54.81% |
45.19% |
50.00%
25.00% |
-11.99%
10.33% |
13.79%
17.91% |
EUR/JPY: Retail dealer information reveals 54.81% of merchants are net-long with the ratio of merchants lengthy to quick at 1.21 to 1. In truth, merchants have remained net-long since Mar 25 when EUR/JPY traded close to 120.68, worth has moved 3.05% decrease since then. The variety of merchants net-long is 50.00% increased than yesterday and 25.00% increased from final week, whereas the variety of merchants net-short is 11.99% decrease than yesterday and 10.33% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/JPY costs might proceed to fall.
Our information reveals merchants at the moment are net-long EUR/JPY for the primary time since Mar 25, 2020 17:00 GMT when EUR/JPY traded close to 120.68. 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.