Variety of merchants net-short has elevated by 34.79% from final week. SYMBOL
Variety of merchants net-short has elevated by 34.79% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BULLISH |
25.20% |
74.80% |
-19.59%
-18.64% |
15.82%
34.79% |
4.25%
15.65% |
AUD/USD: Retail dealer information exhibits 25.20% of merchants are net-long with the ratio of merchants brief to lengthy at 2.97 to 1. Our information exhibits merchants are actually at their least net-long AUD/USD since Might 27 when AUD/USD traded close to 0.66. The variety of merchants net-long is 19.59% decrease than yesterday and 18.64% decrease from final week, whereas the variety of merchants net-short is 15.82% increased than yesterday and 34.79% increased from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests AUD/USD costs might proceed to rise.
Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/USD-bullish contrarian buying and selling bias.