Number of traders net-short has elevated by 18.97% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/USD |
BULLISH |
49.85% |
50.15% |
-12.22%
-27.11% |
-1.43%
18.97% |
-7.12%
-9.53% |
EUR/USD: Retail dealer data shows 49.85% of traders are net-long with the ratio of traders quick to lengthy at 1.01 to 1. In truth, traders have remained net-short since Feb 23 when EUR/USD traded near 1.13, worth has moved 8.63% decrease since then. The variety of traders net-long is 12.22% decrease than yesterday and 27.11% decrease from final week, whereas the variety of traders net-short is 1.43% decrease than yesterday and 18.97% larger from final week.
We usually take a contrarian view to crowd sentiment, and the truth traders are net-short suggests EUR/USD costs might proceed to rise.
Our data shows traders are now net-short EUR/USD for the first time since Feb 23, 2022 when EUR/USD traded near 1.13. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger EUR/USD-bullish contrarian buying and selling bias.