Number of traders net-short has elevated by 81.38% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of shoppers are web lengthy.
of shoppers are web brief.
AUD/USD: Retail dealer data shows 49.44% of traders are net-long with the ratio of traders brief to lengthy at 1.02 to 1. In truth, traders have remained net-short since Feb 15 when AUD/USD traded near 0.69, value has moved 1.70% decrease since then. The variety of traders net-long is 0.38% greater than yesterday and 38.11% decrease from final week, whereas the variety of traders net-short is 26.43% greater than yesterday and 81.38% greater from final week.
We usually take a contrarian view to crowd sentiment, and the truth traders are net-short suggests AUD/USD costs could proceed to rise.
Our data shows traders are now net-short AUD/USD for the first time since Feb 15, 2023 when AUD/USD traded near 0.69. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger AUD/USD-bullish contrarian buying and selling bias.