Number of merchants net-short has decreased by 29.16% from final week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| USD/CAD | BEARISH | 52.75% | 47.25% |
-0.65% Daily 20.68% Weekly |
-16.90% Daily -29.16% Weekly |
-9.05% Daily -9.43% Weekly |
of shoppers are internet lengthy.
of shoppers are internet quick.
| Change in | Longs | Shorts | OI |
| Daily | -1% | -17% | -9% |
| Weekly | 21% | -29% | -9% |
USD/CAD: Retail dealer information reveals 52.75% of merchants are net-long with the ratio of merchants lengthy to quick at 1.12 to 1. In truth, merchants have remained net-long since Aug 03 when USD/CAD traded close to 1.33, value has moved 0.34% increased since then. The variety of merchants net-long is 0.65% decrease than yesterday and 20.68% increased from final week, whereas the variety of merchants net-short is 16.90% decrease than yesterday and 29.16% decrease from final week.
We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests USD/CAD costs might proceed to fall.
Our information reveals merchants at the moment are net-long USD/CAD for the primary time since Aug 03, 2023 when USD/CAD traded close to 1.33. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger USD/CAD-bearish contrarian buying and selling bias.
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