EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07.
Number of traders net-short has increased by 34.45% from last week.
|
SYMBOL
|
TRADING BIAS
|
NET-LONG%
|
NET-SHORT%
|
CHANGE IN LONGS
|
CHANGE IN SHORTS
|
CHANGE IN OI
|
|
EUR/USD
|
BULLISH
|
49.62%
|
50.38%
|
-10.03%
Daily
-25.02%
Weekly
|
26.47%
Daily
34.45%
Weekly
|
5.28%
Daily
-3.52%
Weekly
|
of clients are
net long.
of clients are
net short.
|
Change in
|
Longs
|
Shorts
|
OI
|
|
Daily
|
1%
|
15%
|
7%
|
|
Weekly
|
1%
|
-12%
|
-5%
|
What could changes and extremes in retail trading signal for the market?
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EUR/USD
:
Retail trader data shows 49.62% of traders are net-long with the ratio of traders short to long at 1.02 to 1.
In fact, traders have remained net-short since Jun 13 when
EUR
/
USD
traded near 1.07, price has moved 0.15% higher since then. The number of traders net-long is 10.03% lower than yesterday and 25.02% lower from last week, while the number of traders net-short is 26.47% higher than yesterday and 34.45% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD
prices
may continue to rise.
Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias.
