Variety of merchants net-short has decreased by 18.94% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 18.94% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/USD |
BEARISH |
50.37% |
49.63% |
10.29%
47.71% |
5.41%
-18.94% |
7.81%
4.91% |
EUR/USD: Retail dealer information exhibits 50.37% of merchants are net-long with the ratio of merchants lengthy to brief at 1.02 to 1. In reality, merchants have remained net-long since Apr 06 when EUR/USD traded close to 1.19, worth has moved 2.06% larger since then. The variety of merchants net-long is 10.29% larger than yesterday and 47.71% larger from final week, whereas the variety of merchants net-short is 5.41% larger than yesterday and 18.94% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/USD costs could proceed to fall.
Our information exhibits merchants are actually net-long EUR/USD for the primary time since Apr 06, 2021 when EUR/USD traded close to 1.19. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger EUR/USD-bearish contrarian buying and selling bias.
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