Variety of merchants net-short has decreased by 18.96% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 18.96% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/JPY |
BEARISH |
61.81% |
38.19% |
8.84%
42.66% |
-3.70%
-18.96% |
3.68%
10.55% |
EUR/JPY: Retail dealer knowledge reveals 61.81% of merchants are net-long with the ratio of merchants lengthy to brief at 1.62 to 1. Our knowledge reveals merchants are actually at their most net-long EUR/JPY since Nov 04 when EUR/JPY traded close to 122.52. The variety of merchants net-long is 8.84% greater than yesterday and 42.66% greater from final week, whereas the variety of merchants net-short is 3.70% decrease than yesterday and 18.96% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests EUR/JPY 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 adjustments provides us a stronger EUR/JPY-bearish contrarian buying and selling bias.
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