Sentiment

NUMBER OF TRADERS NET-LONG DECREASE FROM LAST WEEK

GBPUSD: Retail trader data shows 53.4% of traders are net-long with the ratio of traders long to short at 1.15 to 1. In fact, traders have remained net-long since Sep 20 when GBPUSD traded near 1.29246; price has moved 0.2% lower since then. The number of traders net-long is 3.8% lower than yesterday and 4.2% lower from last week, while the number of traders net-short is unchanged than yesterday and 2.5% higher from last week.

GBPUSD DIRECTION REMAINS UNCLEAR

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD 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 GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

NET-LONG POSITIONS INCREASED SINCE LAST WEEK

USDJPY: Retail trader data shows 56.4% of traders are net-long with the ratio of traders long to short at 1.3 to 1. In fact, traders have remained net-long since Dec 18 when USDJPY traded near 113.376; price has moved 4.5% lower since then. The number of traders net-long is 1.7% higher than yesterday and 2.4% higher from last week, while the number of traders net-short is 8.5% higher than yesterday and 19.5% 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.

USDJPY PRICE TREND MAY REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY 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 USDJPY price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

70.9% OF TRADERS ARE NET-LONG

Spot Gold: Retail trader data shows 70.9% of traders are net-long with the ratio of traders long to short at 2.43 to 1. The number of traders net-long is 1.4% higher than yesterday and 5.1% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 0.2% 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.

CURRENT GOLD SPOT PRICE MAY REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold 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 Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

--- Written by Nancy Pakbaz, CFA, DailyFX Research

75.9% OF TRADERS ARE NET-LONG

Bitcoin: Retail trader data shows 75.9% of traders are net-long with the ratio of traders long to short at 3.14 to 1. The number of traders net-long is 2.6% higher than yesterday and 2.3% higher from last week, while the number of traders net-short is 5.8% higher than yesterday and 5.1% higher from last week.

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

BITCOIN SENTIMENT GIVES A MIXED 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 Nancy Pakbaz, CFA, DailyFX Research

TRADERS REMAIN NET-SHORT

US 500: Retail trader data shows 35.0% of traders are net-long with the ratio of traders short to long at 1.86 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2549.84; price has moved 1.2% higher since then. The number of traders net-long is 4.7% lower than yesterday and 18.7% lower from last week, while the number of traders net-short is 4.9% higher than yesterday and 47.7% 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 SUGGESTS A STRONG BULLISH BIAS

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 Nancy Pakbaz, CFA, DailyFX Research