Variety of merchants net-short has elevated by 22.36% from final week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
EUR/USD: Retail dealer information exhibits 49.70% of merchants are net-long with the ratio of merchants brief to lengthy at 1.01 to 1. In actual fact, merchants have remained net-short since Nov 07 when EUR/USD traded close to 1.11, worth has moved zero.24% larger since then. The variety of merchants net-long is Four.31% decrease than yesterday and 11.74% decrease from final week, whereas the variety of merchants net-short is 17.23% larger than yesterday and 22.36% larger from final week. We sometimes take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests EUR/USD costs might proceed to rise. Our information exhibits merchants are actually net-short EUR/USD for the primary time since Nov 07, 2019 when EUR/USD traded close to 1.11. Merchants are additional net-short than yesterday and final week, and the mixture of present sentiment and up to date modifications provides us a stronger EUR/USD-bullish contrarian buying and selling bias.