Number of traders net-short has increased by 81.63% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OIEU
Number of traders net-short has increased by 81.63% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/GBP | BULLISH | 48.46% | 51.54% |
-26.61% Daily -43.85% Weekly |
27.14% Daily 81.63% Weekly |
-6.16% Daily -12.79% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -27% | 27% | -6% |
| Weekly | -44% | 82% | -13% |
EUR/GBP: Retail trader data shows 48.46% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Apr 24 when EUR/GBP traded near 0.86, price has moved 0.21% higher since then. The number of traders net-long is 26.61% lower than yesterday and 43.85% lower from last week, while the number of traders net-short is 27.14% higher than yesterday and 81.63% 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.
Our data shows traders are now net-short EUR/GBP for the first time since Apr 24, 2024 when EUR/GBP traded near 0.86. 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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