Number of traders net-short has increased by 45.75% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has increased by 45.75% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BULLISH |
36.83% |
63.17% |
-8.77%
-22.85% |
12.06%
45.75% |
3.37%
9.80% |
EUR/GBP: Retail trader data shows 36.83% of traders are net-long with the ratio of traders short to long at 1.72 to 1. Our data shows traders are now at their least net-long EUR/GBP since Jun 15 when EUR/GBP traded near 0.86. The number of traders net-long is 8.77% lower than yesterday and 22.85% lower from last week, while the number of traders net-short is 12.06% higher than yesterday and 45.75% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue to rise.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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