Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.
AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jul 16, 2024 when AUD/USD traded near 0.67.Retail trader data shows 49.17% of traders are net-long with the ratio of traders short to long at 1.03 to 1.traded near 0.67, price has moved 0.28% lower since then. The number of traders net-long is 7.45% lower than yesterday and 33.52% lower from last week, while the number of traders net-short is 13.36% higher than yesterday and 52.
Our data shows traders are now net-short AUD/USD for the first time since Jul 16, 2024 when AUD/USD traded near 0.67. USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Jul 18, 2024 when USD/CAD traded near 1.37.EUR/GBP IG Client Sentiment: Our data shows traders are now net-long EUR/GBP for the first time since Aug 05, 2024 when EUR/GBP traded near 0.86.
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