Number of traders net-short has decreased by 40.57% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 40.57% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
62.28% |
37.72% |
13.97%
36.84% |
-10.00%
-40.57% |
3.57%
-8.24% |
EUR/JPY: Retail trader data shows 62.28% of traders are net-long with the ratio of traders long to short at 1.65 to 1. Our data shows traders are now at their most net-long EUR/JPY since Aug 18 when EUR/JPY traded near 128.61. The number of traders net-long is 13.97% higher than yesterday and 36.84% higher from last week, while the number of traders net-short is 10.00% lower than yesterday and 40.57% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/JPY 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/JPY-bearish contrarian trading bias.
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