Number of merchants net-short has elevated by 10.98% from final week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
AUD/USD |
BULLISH |
48.35% |
51.65% |
-22.66%
-20.56% |
-0.10%
10.98% |
-12.45%
-6.89% |
AUD/USD: Retail dealer information reveals 48.35% of merchants are net-long with the ratio of merchants quick to lengthy at 1.07 to 1. In truth, merchants have remained net-short since Jan 14 when AUD/USD traded close to 0.72, worth has moved 0.03% larger since then. The variety of merchants net-long is 22.66% decrease than yesterday and 20.56% decrease from final week, whereas the variety of merchants net-short is 0.10% decrease than yesterday and 10.98% larger from final week.
We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests AUD/USD costs might proceed to rise.
Our information reveals merchants at the moment are net-short AUD/USD for the primary time since Jan 14, 2022 when AUD/USD traded close to 0.72. Traders are additional net-short than yesterday and final week, and the mix of present sentiment and up to date modifications offers us a stronger AUD/USD-bullish contrarian buying and selling bias.
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