Variety of merchants net-short has decreased by 17.68% from final week. SYMBOL
Variety of merchants net-short has decreased by 17.68% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
51.78% |
48.22% |
39.74%
15.52% |
-4.79%
-17.68% |
14.02%
-3.29% |
EUR/JPY: Retail dealer information reveals 51.78% of merchants are net-long with the ratio of merchants lengthy to quick at 1.07 to 1. In truth, merchants have remained net-long since Feb 19 when EUR/JPY traded close to 127.74, value has moved 0.89% larger since then. The variety of merchants net-long is 39.74% larger than yesterday and 15.52% larger from final week, whereas the variety of merchants net-short is 4.79% decrease than yesterday and 17.68% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/JPY costs might proceed to fall.
Our information reveals merchants are actually net-long EUR/JPY for the primary time since Feb 19, 2021 when EUR/JPY traded close to 127.74. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.
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