Variety of merchants net-short has elevated by 1.52% from final week. SYMBOL
Variety of merchants net-short has elevated by 1.52% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/USD |
BULLISH |
27.68% |
72.32% |
-19.04%
-19.22% |
15.06%
1.52% |
3.05%
-5.22% |
EUR/USD: Retail dealer knowledge reveals 27.68% of merchants are net-long with the ratio of merchants quick to lengthy at 2.61 to 1. Our knowledge reveals merchants at the moment are at their least net-long EUR/USD since Might 29 when EUR/USD traded close to 1.11. The variety of merchants net-long is 19.04% decrease than yesterday and 19.22% decrease from final week, whereas the variety of merchants net-short is 15.06% increased than yesterday and 1.52% increased from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EUR/USD costs might proceed to rise.
Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications provides us a stronger EUR/USD-bullish contrarian buying and selling bias.