Variety of merchants net-short has decreased by 20.85% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 20.85% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
60.35% |
39.65% |
17.82%
15.26% |
-18.11%
-20.85% |
0.36%
-2.39% |
AUD/USD: Retail dealer information reveals 60.35% of merchants are net-long with the ratio of merchants lengthy to quick at 1.52 to 1. Our information reveals merchants are actually at their most net-long AUD/USD since Mar 23 when AUD/USD traded close to 0.76. The variety of merchants net-long is 17.82% increased than yesterday and 15.26% increased from final week, whereas the variety of merchants net-short is 18.11% decrease than yesterday and 20.85% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/USD costs might proceed to fall.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger AUD/USD-bearish contrarian buying and selling bias.
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