Number of traders net-short has decreased by 33.22% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of purchasers are web lengthy.
of purchasers are web quick.
USD/CAD: Retail dealer data shows 50.06% of traders are net-long with the ratio of traders lengthy to quick at 1.00 to 1. In truth, traders have remained net-long since Apr 20 when USD/CAD traded near 1.35, value has moved 0.23% decrease since then. The variety of traders net-long is 1.26% increased than yesterday and 16.91% increased from final week, whereas the variety of traders net-short is 22.18% decrease than yesterday and 33.22% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the truth traders are net-long suggests USD/CAD costs might proceed to fall.
Our data shows traders are now net-long USD/CAD for the first time since Apr 20, 2023 when USD/CAD traded near 1.35. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger USD/CAD-bearish contrarian buying and selling bias.