Variety of merchants net-short has elevated by 28.57% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has elevated by 28.57% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/CAD |
BULLISH |
49.76% |
50.24% |
-21.25%
-28.32% |
3.33%
28.57% |
-10.56%
-7.83% |
USD/CAD: Retail dealer information reveals 49.76% of merchants are net-long with the ratio of merchants quick to lengthy at 1.01 to 1. In truth, merchants have remained net-short since Jul 21 when USD/CAD traded close to 1.26, value has moved 1.78% larger since then. The variety of merchants net-long is 21.25% decrease than yesterday and 28.32% decrease from final week, whereas the variety of merchants net-short is 3.33% larger than yesterday and 28.57% larger from final week.
We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests USD/CAD costs could proceed to rise.
Our information reveals merchants at the moment are net-short USD/CAD for the primary time since Jul 21, 2021 when USD/CAD traded close to 1.26. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger USD/CAD-bullish contrarian buying and selling bias.
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