Variety of merchants net-short has elevated by 37.99% from final week. SYMBOL
Variety of merchants net-short has elevated by 37.99% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
34.52% |
65.48% |
-6.02%
-0.98% |
38.99%
37.99% |
19.27%
21.49% |
AUD/JPY: Retail dealer information reveals 34.52% of merchants are net-long with the ratio of merchants brief to lengthy at 1.90 to 1. Our information reveals merchants are actually at their least net-long AUD/JPY since Apr 22 when AUD/JPY traded close to 68.08. The variety of merchants net-long is 6.02% decrease than yesterday and 0.98% decrease from final week, whereas the variety of merchants net-short is 38.99% larger than yesterday and 37.99% larger from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests AUD/JPY costs might proceed to rise.
Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/JPY-bullish contrarian buying and selling bias.