Number of traders net-short has decreased by 30.38% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has decreased by 30.38% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/GBP | BEARISH | 50.94% | 49.06% |
18.93% Daily 40.80% Weekly |
-19.45% Daily -30.38% Weekly |
-3.61% Daily -6.24% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | 19% | -19% | -4% |
| Weekly | 41% | -30% | -6% |
EUR/GBP: Retail trader data shows 50.94% of traders are net-long with the ratio of traders long to short at 1.04 to 1. In fact, traders have remained net-long since Aug 05 when EUR/GBP traded near 0.86, price has moved 0.69% lower since then. The number of traders net-long is 18.93% higher than yesterday and 40.80% higher from last week, while the number of traders net-short is 19.45% lower than yesterday and 30.38% 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.
Our data shows traders are now net-long EUR/GBP for the first time since Aug 05, 2024 when EUR/GBP traded near 0.86. 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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