Variety of merchants net-short has decreased by 15.71% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 15.71% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
50.46% |
49.54% |
7.19%
12.33% |
0.00%
-15.71% |
3.50%
-3.56% |
EUR/JPY: Retail dealer information reveals 50.46% of merchants are net-long with the ratio of merchants lengthy to quick at 1.02 to 1. Actually, merchants have remained net-long since Jul 30 when EUR/JPY traded close to 130.15, worth has moved 0.98% decrease since then. The variety of merchants net-long is 7.19% larger than yesterday and 12.33% larger from final week, whereas the variety of merchants net-short is unchanged than yesterday and 15.71% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/JPY costs might proceed to fall.
Our information reveals merchants at the moment are net-long EUR/JPY for the primary time since Jul 30, 2021 when EUR/JPY traded close to 130.15. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger EUR/JPY-bearish contrarian buying and selling bias.
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