Variety of merchants net-short has elevated by 41.56% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHO
Variety of merchants net-short has elevated by 41.56% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
USD/CAD |
BULLISH |
48.71% |
51.29% |
-11.03%
-33.15% |
3.58%
41.56% |
-4.09%
-8.34% |
USD/CAD: Retail dealer knowledge exhibits 48.71% of merchants are net-long with the ratio of merchants brief to lengthy at 1.05 to 1. Actually, merchants have remained net-short since Oct 29 when USD/CAD traded close to 1.33, worth has moved 4.16% decrease since then. The variety of merchants net-long is 11.03% decrease than yesterday and 33.15% decrease from final week, whereas the variety of merchants net-short is 3.58% larger than yesterday and 41.56% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests USD/CAD costs might proceed to rise.
Our knowledge exhibits merchants are actually net-short USD/CAD for the primary time since Oct 29, 2020 when USD/CAD traded close to 1.33. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger USD/CAD-bullish contrarian buying and selling bias.
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