Variety of merchants net-short has elevated by 16.39% from final week. SYMBOL
Variety of merchants net-short has elevated by 16.39% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
28.69% |
71.31% |
-25.27%
-20.22% |
11.65%
16.39% |
-2.21%
2.85% |
EUR/USD: Retail dealer knowledge reveals 28.69% of merchants are net-long with the ratio of merchants brief to lengthy at 2.49 to 1. Our knowledge reveals merchants are actually at their least net-long EUR/USD since Could 21 when EUR/USD traded close to 1.10. The variety of merchants net-long is 25.27% decrease than yesterday and 20.22% decrease from final week, whereas the variety of merchants net-short is 11.65% greater than yesterday and 16.39% greater from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EUR/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 EUR/USD-bullish contrarian buying and selling bias.