Variety of merchants net-short has elevated by 19.06% from final week. SYMBOL
Variety of merchants net-short has elevated by 19.06% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
34.14% |
65.86% |
-1.40%
-18.87% |
6.87%
19.06% |
3.90%
2.67% |
AUD/USD: Retail dealer knowledge exhibits 34.14% of merchants are net-long with the ratio of merchants brief to lengthy at 1.93 to 1. Our knowledge exhibits merchants are actually at their least net-long AUD/USD since Apr 16 when AUD/USD traded close to 0.64. The variety of merchants net-long is 1.40% decrease than yesterday and 18.87% decrease from final week, whereas the variety of merchants net-short is 6.87% greater than yesterday and 19.06% greater from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests AUD/USD costs could proceed to rise.
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/USD-bullish contrarian buying and selling bias.