Variety of merchants net-short has decreased by 27.41% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 27.41% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/JPY |
BEARISH |
50.63% |
49.37% |
14.86%
9.84% |
0.51%
-27.41% |
7.30%
-12.36% |
AUD/JPY: Retail dealer information reveals 50.63% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. Actually, merchants have remained net-long since Mar 26 when AUD/JPY traded close to 83.81, value has moved 1.03% decrease since then. The variety of merchants net-long is 14.86% increased than yesterday and 9.84% increased from final week, whereas the variety of merchants net-short is 0.51% increased than yesterday and 27.41% 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 26, 2021 when AUD/JPY traded close to 83.81. 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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