Variety of merchants net-short has decreased by 17.00% from final week. SYMBOL
Variety of merchants net-short has decreased by 17.00% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BEARISH |
50.50% |
49.50% |
38.46%
30.87% |
-11.43%
-17.00% |
8.27%
1.80% |
AUD/USD: Retail dealer information reveals 50.50% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. In actual fact, merchants have remained net-long since Apr 10 when AUD/USD traded close to 0.63, worth has moved 1.54% greater since then. The variety of merchants net-long is 38.46% greater than yesterday and 30.87% greater from final week, whereas the variety of merchants net-short is 11.43% decrease than yesterday and 17.00% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/USD costs might proceed to fall.
Our information reveals merchants are actually net-long AUD/USD for the primary time since Apr 10, 2020 when AUD/USD traded close to 0.63. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments provides us a stronger AUD/USD-bearish contrarian buying and selling bias.