Variety of merchants net-short has decreased by 16.50% from final week. SYMBOL
Variety of merchants net-short has decreased by 16.50% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
AUD/JPY |
BEARISH |
51.18% |
48.82% |
23.81%
26.21% |
-21.27%
-16.50% |
-3.24%
0.99% |
AUD/JPY: Retail dealer information exhibits 51.18% of merchants are net-long with the ratio of merchants lengthy to quick at 1.05 to 1. Actually, merchants have remained net-long since Jul 28 when AUD/JPY traded close to 75.20, value has moved 3.09% larger since then. The variety of merchants net-long is 23.81% larger than yesterday and 26.21% larger from final week, whereas the variety of merchants net-short is 21.27% decrease than yesterday and 16.50% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/JPY costs could proceed to fall.
Our information exhibits merchants are actually net-long AUD/JPY for the primary time since Jul 28, 2020 when AUD/JPY traded close to 75.20. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger AUD/JPY-bearish contrarian buying and selling bias.