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Number of traders net-short has increased by 79.80% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
BULLISH |
49.24% |
50.76% |
5.99%
-40.90% |
29.43%
79.80% |
16.72%
-10.35% |
EUR/GBP: Retail trader data shows 49.24% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Apr 01 when EUR/GBP traded near 0.84, price has moved 0.18% lower since then. The number of traders net-long is 5.99% higher than yesterday and 40.90% lower from last week, while the number of traders net-short is 29.43% higher than yesterday and 79.80% 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 Apr 01, 2022 when EUR/GBP traded near 0.84. 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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