Number of traders net-short has decreased by 46.46% from last week.
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
BEARISH |
76.36% |
23.64% |
13.08%
82.42% |
-17.63%
-46.46% |
3.92%
16.26% |
EUR/GBP: Retail trader data shows 76.36% of traders are net-long with the ratio of traders long to short at 3.23 to 1. Our data shows traders are now at their most net-long EUR/GBP since Jul 13 when EUR/GBP traded near 0.85. The number of traders net-long is 13.08% higher than yesterday and 82.42% higher from last week, while the number of traders net-short is 17.63% lower than yesterday and 46.46% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP prices may continue to fall.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
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