Number of traders net-short has elevated by 46.11% from final week.
|SYMBOL||TRADING BIAS||NET-LONG%||NET-SHORT%||CHANGE IN LONGS||CHANGE IN SHORTS||CHANGE IN OI|
of shoppers are internet lengthy.
of shoppers are internet quick.
NZD/USD: Retail dealer data shows 48.09% of traders are net-long with the ratio of traders quick to lengthy at 1.08 to 1. In reality, traders have remained net-short since Mar 17 when NZD/USD traded near 0.63, value has moved 1.37% greater since then. The variety of traders net-long is 0.44% decrease than yesterday and 26.62% decrease from final week, whereas the variety of traders net-short is 7.49% greater than yesterday and 46.11% greater from final week.
We sometimes take a contrarian view to crowd sentiment, and the reality traders are net-short suggests NZD/USD costs might proceed to rise.
Our data shows traders are now net-short NZD/USD for the first time since Mar 17, 2023 when NZD/USD traded near 0.63. Traders are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger NZD/USD-bullish contrarian buying and selling bias.