Alerts

EUR/USD IG Consumer Sentiment: Our knowledge exhibits merchants are actually net-long EUR/USD for the primary time since Dec 04, 2019 when EUR/USD traded close to 1.11.

EUR/USD Client Positioning

Variety of merchants net-short has decreased by 7.07% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/USD

BEARISH

51.43%

48.57%

9.14%
Every day

27.19%
Weekly

-18.76%
Every day

-7.07%
Weekly

-6.46%
Every day

7.87%
Weekly

EUR/USD: Retail dealer knowledge exhibits 51.43% of merchants are net-long with the ratio of merchants lengthy to quick at 1.06 to 1. In truth, merchants have remained net-long since Dec 04 when EUR/USD traded close to 1.11, worth has moved zero.08% decrease since then. The variety of merchants net-long is 9.14% larger than yesterday and 27.19% larger from final week, whereas the variety of merchants net-short is 18.76% decrease than yesterday and seven.07% decrease from final week. We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests EUR/USD costs might proceed to fall. Our knowledge exhibits merchants are actually net-long EUR/USD for the primary time since Dec 04, 2019 when EUR/USD traded close to 1.11. Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger EUR/USD-bearish contrarian buying and selling bias.


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