Variety of merchants net-short has decreased by 32.61% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 32.61% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
50.32% |
49.68% |
15.02%
-9.51% |
-20.51%
-32.61% |
-5.88%
-22.68% |
EUR/JPY: Retail dealer knowledge exhibits 50.32% of merchants are net-long with the ratio of merchants lengthy to quick at 1.01 to 1. The truth is, merchants have remained net-long since Mar 10 when EUR/JPY traded close to 129.31, value has moved 1.52% greater since then. The variety of merchants net-long is 15.02% greater than yesterday and 9.51% decrease from final week, whereas the variety of merchants net-short is 20.51% decrease than yesterday and 32.61% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/JPY costs could proceed to fall.
Our knowledge exhibits merchants are actually net-long EUR/JPY for the primary time since Mar 10, 2021 when EUR/JPY traded close to 129.31. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger EUR/JPY-bearish contrarian buying and selling bias.
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