Number of traders net-short has decreased by 20.47% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has decreased by 20.47% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BEARISH |
50.80% |
49.20% |
13.68%
19.11% |
-3.43%
-20.47% |
4.57%
-4.32% |
EUR/GBP: Retail trader data shows 50.80% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since May 05 when EUR/GBP traded near 0.85, price has moved 0.15% lower since then. The number of traders net-long is 13.68% higher than yesterday and 19.11% higher from last week, while the number of traders net-short is 3.43% lower than yesterday and 20.47% 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 May 05, 2022 when EUR/GBP traded near 0.85. 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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