Number of traders net-short has increased by 23.02% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has increased by 23.02% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BULLISH |
47.63% |
52.37% |
-27.17%
-32.83% |
34.12%
23.02% |
-4.25%
-11.88% |
EUR/GBP: Retail trader data shows 47.63% of traders are net-long with the ratio of traders short to long at 1.10 to 1. In fact, traders have remained net-short since Jun 15 when EUR/GBP traded near 0.86, price has moved 0.93% higher since then. The number of traders net-long is 27.17% lower than yesterday and 32.83% lower from last week, while the number of traders net-short is 34.12% higher than yesterday and 23.02% 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 Jun 15, 2022 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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