Variety of merchants net-short has decreased by 37.94% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 37.94% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/USD |
BEARISH |
58.05% |
41.95% |
9.97%
61.34% |
-7.46%
-37.94% |
1.92%
-3.45% |
EUR/USD: Retail dealer knowledge reveals 58.05% of merchants are net-long with the ratio of merchants lengthy to quick at 1.38 to 1. Our knowledge reveals merchants are actually at their most net-long EUR/USD since Mar 26 when EUR/USD traded close to 1.18. The variety of merchants net-long is 9.97% increased than yesterday and 61.34% increased from final week, whereas the variety of merchants net-short is 7.46% decrease than yesterday and 37.94% decrease from final week.
We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/USD costs might 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 EUR/USD-bearish contrarian buying and selling bias.
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