Variety of merchants net-short has decreased by 9.05% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has decreased by 9.05% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BEARISH |
80.75% |
19.25% |
8.04%
-4.73% |
-10.89%
-9.05% |
3.80%
-5.59% |
EUR/GBP: Retail dealer information exhibits 80.75% of merchants are net-long with the ratio of merchants lengthy to quick at 4.19 to 1. Our information exhibits merchants are actually at their most net-long EUR/GBP since Jul 30 when EUR/GBP traded close to 0.85. The variety of merchants net-long is 8.04% greater than yesterday and 4.73% decrease from final week, whereas the variety of merchants net-short is 10.89% decrease than yesterday and 9.05% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/GBP costs could proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger EUR/GBP-bearish contrarian buying and selling bias.
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