Variety of merchants net-short has decreased by 12.79% from final week. SYMBOL
Variety of merchants net-short has decreased by 12.79% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/JPY |
BEARISH |
50.44% |
49.56% |
18.65%
27.22% |
-10.71%
-12.79% |
2.02%
3.65% |
AUD/JPY: Retail dealer information reveals 50.44% of merchants are net-long with the ratio of merchants lengthy to brief at 1.02 to 1. In truth, merchants have remained net-long since Mar 11 when AUD/JPY traded close to 84.52, worth has moved 1.46% decrease since then. The variety of merchants net-long is 18.65% increased than yesterday and 27.22% increased from final week, whereas the variety of merchants net-short is 10.71% decrease than yesterday and 12.79% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests AUD/JPY costs might proceed to fall.
Our information reveals merchants are actually net-long AUD/JPY for the primary time since Mar 11, 2021 when AUD/JPY traded close to 84.52. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger AUD/JPY-bearish contrarian buying and selling bias.
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