Variety of merchants net-short has decreased by 18.98% from final week. SYMBOL
Variety of merchants net-short has decreased by 18.98% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
52.43% |
47.57% |
41.70%
58.19% |
-22.92%
-18.98% |
1.30%
8.86% |
EUR/JPY: Retail dealer information exhibits 52.43% of merchants are net-long with the ratio of merchants lengthy to quick at 1.10 to 1. Actually, merchants have remained net-long since Aug 31 when EUR/JPY traded close to 126.39, worth has moved 2.50% decrease since then. The variety of merchants net-long is 41.70% greater than yesterday and 58.19% greater from final week, whereas the variety of merchants net-short is 22.92% decrease than yesterday and 18.98% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/JPY costs could proceed to fall.
Our information exhibits merchants at the moment are net-long EUR/JPY for the primary time since Aug 31, 2020 when EUR/JPY traded close to 126.39. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger EUR/JPY-bearish contrarian buying and selling bias.