Sentiment

66% Of Retail Traders are Net-Long

GBPUSD: Retail trader data shows 66.8% of traders are net-long with the ratio of traders long to short at 2.01 to 1. In fact, traders have remained net-long since Sep 20 when GBPUSD traded near 1.30463; price has moved 0.8% lower since then. The number of traders net-long is 1.0% higher than yesterday and 1.0% lower from last week, while the number of traders net-short is 2.6% higher than yesterday and 8.3% lower from last week.

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GBPUSD Sentiment Prompts a Mixed Bias

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

--- Written by Jake Schoenleb, DailyFX Research

66% of Retail Traders are Net-Short

USDJPY: Retail trader data shows 34.4% of traders are net-long with the ratio of traders short to long at 1.9 to 1. In fact, traders have remained net-short since Nov 02 when USDJPY traded near 113.183; price has moved 0.6% higher since then. The number of traders net-long is 8.2% lower than yesterday and 25.2% lower from last week, while the number of traders net-short is 10.6% higher than yesterday and 23.4% higher from last week.

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Further Net-Short Positions Suggest a Bullish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.

--- Written by Fan Xu, DailyFX Research

Net-Shorts Increase Over Past Week

Spot Gold: Retail trader data shows 83.5% of traders are net-long with the ratio of traders long to short at 5.06 to 1. The number of traders net-long is 6.1% higher than yesterday and 1.3% lower from last week, while the number of traders net-short is 5.2% lower than yesterday and 7.3% higher from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

Sentiment is Unable to Provide a Clear Direction

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

Recommended Reading: Weekly CoT Sentiment Update for Major FX, Commodities, and Indices

--- Written by Jake Schoenleb, DailyFX Research

Net-short is 31% higher from last week

Bitcoin: Retail trader data shows 79.9% of traders are net-long with the ratio of traders long to short at 3.98 to 1. The number of traders net-long is 7.6% lower than yesterday and 9.7% lower from last week, while the number of traders net-short is 24.7% higher than yesterday and 30.8% higher from last week.

Be sure to check out our Bitcoin Trading Guide if you're new to cryptocurrencies!

Bitcoin Sentiment Sparks a Bullish Bias

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Fan Xu, DailyFX Research

32% of Retail Traders are Net-Long

US 500: Retail trader data shows 32.6% of traders are net-long with the ratio of traders short to long at 2.06 to 1. In fact, traders have remained net-short since Nov 01 when US 500 traded near 2732.93; price has moved 2.5% higher since then. The number of traders net-long is 12.9% lower than yesterday and 22.2% lower from last week, while the number of traders net-short is 29.4% higher than yesterday and 46.2% higher from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

S&P 500 Sentiment suggest prices may rise

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

--- Written by Jake Schoenleb, DailyFX Research