Variety of merchants net-short has elevated by 6.65% from final week. SYMBOL
Variety of merchants net-short has elevated by 6.65% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
32.63% |
67.37% |
-28.15%
-15.02% |
21.67%
6.65% |
-0.78%
-1.54% |
AUD/USD: Retail dealer information reveals 32.63% of merchants are net-long with the ratio of merchants brief to lengthy at 2.07 to 1. Our information reveals merchants are actually at their least net-long AUD/USD since Could 11 when AUD/USD traded close to 0.65. The variety of merchants net-long is 28.15% decrease than yesterday and 15.02% decrease from final week, whereas the variety of merchants net-short is 21.67% increased than yesterday and 6.65% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests AUD/USD 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/USD-bullish contrarian buying and selling bias.