Variety of merchants net-short has elevated by 9.38% from final week. SYMBOL
Variety of merchants net-short has elevated by 9.38% from final week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
EUR/USD |
BULLISH |
49.76% |
50.24% |
-0.42%
-10.24% |
8.51%
9.38% |
3.88%
-1.35% |
EUR/USD: Retail dealer knowledge exhibits 49.76% of merchants are net-long with the ratio of merchants brief to lengthy at 1.01 to 1. In truth, merchants have remained net-short since Mar 23 when EUR/USD traded close to 1.18, worth has moved 0.23% larger since then. The variety of merchants net-long is 0.42% decrease than yesterday and 10.24% decrease from final week, whereas the variety of merchants net-short is 8.51% larger than yesterday and 9.38% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-short suggests EUR/USD costs could proceed to rise.
Our knowledge exhibits merchants at the moment are net-short EUR/USD for the primary time since Mar 23, 2021 when EUR/USD traded close to 1.18. 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 EUR/USD-bullish contrarian buying and selling bias.
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