Variety of merchants net-short has decreased by 36.33% from final week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SH
Variety of merchants net-short has decreased by 36.33% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
GBP/USD |
BEARISH |
65.54% |
34.46% |
8.02%
41.47% |
-10.48%
-36.33% |
0.83%
-0.45% |
GBP/USD: Retail dealer knowledge reveals 65.54% of merchants are net-long with the ratio of merchants lengthy to brief at 1.90 to 1. Our knowledge reveals merchants are actually at their most net-long GBP/USD since Apr 12 when GBP/USD traded close to 1.37. The variety of merchants net-long is 8.02% larger than yesterday and 41.47% larger from final week, whereas the variety of merchants net-short is 10.48% decrease than yesterday and 36.33% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests GBP/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 offers us a stronger GBP/USD-bearish contrarian buying and selling bias.
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