Skip to Content
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/USD: Net-Short Positions increase by 14.1% from Last Week

EUR/USD: Net-Short Positions increase by 14.1% from Last Week

Tammy Da Costa, Analyst
EUR/USD IG Client sentiment

Retail trader data shows 41.8% of traders are net-long

EUR/USD: Retail trader data shows 41.8% of traders are net-long with the ratio of traders short to long at 1.39 to 1. In fact, traders have remained net-short since Jun 20 when EUR/USD traded near 1.12917; price has moved 0.7% higher since then. The number of traders net-long is 2.9% higher than yesterday and 1.5% lower from last week, while the number of traders net-short is 4.4% lower than yesterday and 14.1% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

Tuesday 15:00 GMT

Wednesday 00:00 GMT

Thursday 21:00 GMT

(click on one of the above times to enroll)

Current sentiment suggests mixed trading bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a further mixed EUR/USD trading bias.

-Written by Tammy Da Costa, DailyFX Research

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

DISCLOSURES