Variety of merchants net-short has elevated by 42.56% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has elevated by 42.56% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/CAD |
BULLISH |
46.16% |
53.84% |
-14.26%
-34.35% |
10.57%
42.56% |
-2.47%
-7.47% |
USD/CAD: Retail dealer information exhibits 46.16% of merchants are net-long with the ratio of merchants quick to lengthy at 1.17 to 1. Our information exhibits merchants are actually at their least net-long USD/CAD since Jul 20 when USD/CAD traded close to 1.35. The variety of merchants net-long is 14.26% decrease than yesterday and 34.35% decrease from final week, whereas the variety of merchants net-short is 10.57% larger than yesterday and 42.56% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests USD/CAD costs might proceed to rise.
Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger USD/CAD-bullish contrarian buying and selling bias.
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