Variety of merchants net-short has elevated by 14.57% from final week. SYMBOL
Variety of merchants net-short has elevated by 14.57% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.39% |
50.61% |
1.79%
-23.66% |
12.36%
14.57% |
6.88%
-8.15% |
EUR/JPY: Retail dealer information reveals 49.39% of merchants are net-long with the ratio of merchants quick to lengthy at 1.02 to 1. The truth is, merchants have remained net-short since Apr 16 when EUR/JPY traded close to 117.25, value has moved 0.44% decrease since then. The variety of merchants net-long is 1.79% larger than yesterday and 23.66% decrease from final week, whereas the variety of merchants net-short is 12.36% larger than yesterday and 14.57% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/JPY costs might proceed to rise.
Our information reveals merchants are actually net-short EUR/JPY for the primary time since Apr 16, 2020 when EUR/JPY traded close to 117.25. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger EUR/JPY-bullish contrarian buying and selling bias.