News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Sep 30, 2021 when EUR/GBP traded near 0.86.

EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Sep 30, 2021 when EUR/GBP traded near 0.86.

Research, Research Team
EUR/GBP Client Positioning

Number of traders net-short has increased by 65.19% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

EUR/GBP

BULLISH

49.14%

50.86%

3.86% Daily

-43.95% Weekly

16.15% Daily

65.19% Weekly

9.76% Daily

-15.59% Weekly

EUR/GBP: Retail trader data shows 49.14% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Sep 30 when EUR/GBP traded near 0.86, price has moved 0.21% lower since then. The number of traders net-long is 3.86% higher than yesterday and 43.95% lower from last week, while the number of traders net-short is 16.15% higher than yesterday and 65.19% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/GBP prices may continue to rise.

Our data shows traders are now net-short EUR/GBP for the first time since Sep 30, 2021 when EUR/GBP traded near 0.86. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.

Advertisement

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES