Number of traders net-short has increased by 29.48% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| EUR/GBP | BULLISH | 48.74% | 51.26% |
-20.22% Daily -49.88% Weekly |
4.67% Daily 29.48% Weekly |
-9.15% Daily -26.92% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -20% | 3% | -10% |
| Weekly | -50% | 34% | -27% |
EUR/GBP: Retail trader data shows 48.74% of traders are net-long with the ratio of traders short to long at 1.05 to 1. In fact, traders have remained net-short since May 15 when EUR/GBP traded near 0.86, price has moved 0.01% higher since then. The number of traders net-long is 20.22% lower than yesterday and 49.88% lower from last week, while the number of traders net-short is 4.67% higher than yesterday and 29.48% 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 May 15, 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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