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Number of traders net-short has increased by 33.73% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
48.57% |
51.43% |
-9.80%
-33.61% |
10.00%
33.73% |
-0.60%
-10.41% |
EUR/GBP: Retail trader data shows 48.57% of traders are net-long with the ratio of traders short to long at 1.06 to 1. In fact, traders have remained net-short since Jul 01 when EUR/GBP traded near 0.86, price has moved 1.65% lower since then. The number of traders net-long is 9.80% lower than yesterday and 33.61% lower from last week, while the number of traders net-short is 10.00% higher than yesterday and 33.73% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue 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 further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
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