Number of traders net-short has increased by 10.91% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has increased by 10.91% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/GBP | BULLISH | 28.70% | 71.30% |
-13.67% Daily -15.00% Weekly |
3.98% Daily 10.91% Weekly |
-1.79% Daily 1.99% Weekly |
EUR/GBP: Retail trader data shows 28.70% of traders are net-long with the ratio of traders short to long at 2.48 to 1. Our data shows traders are now at their least net-long EUR/GBP since Sep 01 when EUR/GBP traded near 0.86. The number of traders net-long is 13.67% lower than yesterday and 15.00% lower from last week, while the number of traders net-short is 3.98% higher than yesterday and 10.91% 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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