Variety of merchants net-short has decreased by 31.73% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
50.73% |
49.27% |
0.00%
7.26% |
-21.08%
-31.73% |
-11.63%
-16.29% |
AUD/USD: Retail dealer knowledge exhibits 50.73% of merchants are net-long with the ratio of merchants lengthy to quick at 1.03 to 1. Actually, merchants have remained net-long since Oct 01 when AUD/USD traded close to 0.72, value has moved 1.42% decrease since then. The variety of merchants net-long is unchanged than yesterday and seven.26% increased from final week, whereas the variety of merchants net-short is 21.08% decrease than yesterday and 31.73% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests AUD/USD costs could proceed to fall.
Our knowledge exhibits merchants are actually net-long AUD/USD for the primary time since Oct 01, 2020 when AUD/USD traded close to 0.72. 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 AUD/USD-bearish contrarian buying and selling bias.