Variety of merchants net-short has elevated by 38.42% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has elevated by 38.42% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/JPY |
BULLISH |
47.71% |
52.29% |
-16.96%
-13.67% |
34.87%
38.42% |
3.93%
7.48% |
AUD/JPY: Retail dealer information reveals 47.71% of merchants are net-long with the ratio of merchants brief to lengthy at 1.10 to 1. In actual fact, merchants have remained net-short since Aug 16 when AUD/JPY traded close to 80.18, worth has moved 0.49% decrease since then. The variety of merchants net-long is 16.96% decrease than yesterday and 13.67% decrease from final week, whereas the variety of merchants net-short is 34.87% larger than yesterday and 38.42% larger from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests AUD/JPY costs could proceed to rise.
Our information reveals merchants are actually net-short AUD/JPY for the primary time since Aug 16, 2021 when AUD/JPY traded close to 80.18. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger AUD/JPY-bullish contrarian buying and selling bias.
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