Number of traders net-short has decreased by 25.89% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 25.89% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BEARISH |
81.42% |
18.58% |
13.93%
13.37% |
-7.52%
-25.89% |
9.22%
3.21% |
EUR/GBP: Retail trader data shows 81.42% of traders are net-long with the ratio of traders long to short at 4.38 to 1. Our data shows traders are now at their most net-long EUR/GBP since Aug 08 when EUR/GBP traded near 0.85. The number of traders net-long is 13.93% higher than yesterday and 13.37% higher from last week, while the number of traders net-short is 7.52% lower than yesterday and 25.89% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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