EUR/GBP Client Positioning

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


EUR/GBP

BULLISH

48.57%

51.43%

-9.80%
Daily

-33.61%
Weekly

10.00%
Daily

33.73%
Weekly

-0.60%
Daily

-10.41%
Weekly

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.





Source link

By INFO

Leave a Reply

Your email address will not be published. Required fields are marked *