Variety of merchants net-short has decreased by 43.48% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BEARISH |
65.70% |
34.30% |
-2.22%
36.03% |
-23.63%
-43.48% |
-10.79%
-8.24% |
AUD/USD: Retail dealer knowledge reveals 65.70% of merchants are net-long with the ratio of merchants lengthy to quick at 1.92 to 1. Our knowledge reveals merchants are actually at their most net-long AUD/USD since Jun 04 when AUD/USD traded close to 0.77. The variety of merchants net-long is 2.22% decrease than yesterday and 36.03% greater from final week, whereas the variety of merchants net-short is 23.63% decrease than yesterday and 43.48% 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.
Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger AUD/USD-bearish contrarian buying and selling bias.
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