Sentiment

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Data updated in real-time.
Symbol Present %L / %S % COI Sgnl
Table Key
Bearish
Signal
Bullish
Signal
Mixed
Signal
%L 
Long %
 %S
Short %
% COI
Chg. Open Interest %

Euro Forecast to Continue Higher versus US Dollar until this Changes

Quantitative analysis, algorithmic trading, and retail trader sentiment.

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Euro Forecast to Continue Higher versus US Dollar until this Changes

EURUSD: Retail trader data shows 27.6% of traders are net-long with the ratio of traders short to long at 2.62 to 1. In fact, traders have remained net-short since Apr 18 when EURUSD traded near 1.0589; price has moved 5.7% higher since then. The number of traders net-long is 12.6% higher than yesterday and 3.3% lower from last week, while the number of traders net-short is 6.6% lower than yesterday and 6.7% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. We would ideally see a further build in short positions before taking a more firm bullish stance. And yet Euro gains remain likely as long as the majority of traders remain net-short.

See next article in this week’s report: GBPUSD - British Pound Likely to Stick to Narrow Trading Range



US Dollar may Rally Further versus Japanese Yen

Quantitative analysis, algorithmic trading, and retail trader sentiment.

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US Dollar may Rally Further versus Japanese Yen

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

USDJPY: Retail trader data shows 61.9% of traders are net-long with the ratio of traders long to short at 1.62 to 1. In fact, traders have remained net-long since May 17 when USDJPY traded near 113.757; price has moved 1.9% lower since then. The number of traders net-long is 3.3% lower than yesterday and 12.0% lower from last week, while the number of traders net-short is 6.0% higher than yesterday and 13.7% higher from last week.

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.

See next article in this week’s report: Gold Price - Price Forecast to Fall Further on Key Sentiment Shift



British Pound Likely to Stick to Narrow Trading Range

Quantitative analysis, algorithmic trading, and retail trader sentiment.

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British Pound Likely to Stick to Narrow Trading Range

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

GBPUSD: Retail trader data shows 47.0% of traders are net-long with the ratio of traders short to long at 1.13 to 1. The number of traders net-long is 3.6% higher than yesterday and 5.7% higher from last week, while the number of traders net-short is 0.2% higher than yesterday and 9.3% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. The larger trend paints a mixed picture for near-term price action in the GBP/USD. And indeed, current sentiment suggests the British Pound may continue to trade sideways through the foreseeable future.

See next article in this week’s report: USDJPY - US Dollar may Rally Further versus Japanese Yen



Australian Dollar Forecast may Shift Given Key Change in Sentiment

Quantitative analysis, algorithmic trading, and retail trader sentiment.

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Australian Dollar Forecast may Shift Given Key Change in Sentiment

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

AUDUSD: Retail trader data shows 40.0% of traders are net-long with the ratio of traders short to long at 1.5 to 1. In fact, traders have remained net-short since Jun 04 when AUDUSD traded near 0.74411; price has moved 2.0% higher since then. The number of traders net-long is 8.6% higher than yesterday and 23.5% higher from last week, while the number of traders net-short is 2.7% higher than yesterday and 13.4% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUDUSD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn we may be at the beginning of a trend change in the AUDUSD. We would need to see a larger build in ‘crowd’ buying to confirm that the Australian Dollar has indeed turned lower.

See next article in this week’s report: S&P 500 - S&P Remains a Buy, though Risk of Reversal has Grown



Gold Price Forecast to Fall Further on Key Sentiment Shift

Quantitative analysis, algorithmic trading, and retail trader sentiment.

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Gold Price Forecast to Fall Further on Key Sentiment Shift

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

Spot Gold: Retail trader data shows 80.9% of traders are net-long with the ratio of traders long to short at 4.23 to 1. The number of traders net-long is 4.3% lower than yesterday and 18.3% higher from last week, while the number of traders net-short is 1.3% higher than yesterday and 38.7% lower from last week.

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 less net-long than yesterday but more net-long from last week. We nonetheless view that the broader shift towards Gold buying gives clear contrarian signal that Gold Prices may continue lower.

See next article in this week’s report: AUDUSD - Australian Dollar Forecast may Shift Given Key Change in Sentiment



S&P Remains a Buy, though Risk of Reversal has Grown

Quantitative analysis, algorithmic trading, and retail trader sentiment.

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S&P Remains a Buy, though Risk of Reversal has Grown

Why and how do we use IG Client Sentiment in trading? See our guide and real-time data.

US 500: Retail trader data shows 20.1% of traders are net-long with the ratio of traders short to long at 3.98 to 1. The number of traders net-long is 7.7% higher than yesterday and 18.9% higher from last week, while the number of traders net-short is 2.2% lower than yesterday and 4.6% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Such early shifts can act as warning of a potential trend change, but we would realistically need to see a much larger change towards crowd buying before calling for a meaningful S&P 500 turn lower.

See next article in this week’s report:EURUSD - Euro Forecast to Continue Higher versus US Dollar until this Changes



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