Number of traders net-short has elevated by 33.73% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
EUR/GBP |
BULLISH |
48.57% |
51.43% |
-9.80%
-33.61% |
10.00%
33.73% |
-0.60%
-10.41% |
EUR/GBP: Retail dealer data shows 48.57% of traders are net-long with the ratio of traders brief to lengthy at 1.06 to 1. In reality, traders have remained net-short since Jul 01 when EUR/GBP traded near 0.86, value has moved 1.65% decrease since then. The variety of traders net-long is 9.80% decrease than yesterday and 33.61% decrease from final week, whereas the variety of traders net-short is 10.00% larger than yesterday and 33.73% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the reality traders are net-short suggests EUR/GBP costs might proceed to rise.
Our data shows traders are now net-short EUR/GBP for the first time since Jul 01, 2022 when EUR/GBP traded near 0.86. 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/GBP-bullish contrarian buying and selling bias.