Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 24 when EUR/GBP traded near 0.85.Retail trader data shows 81.43% of traders are net-long with the ratio of traders long to short at 4.39 to 1.since May 24 when EUR/GBP traded near 0.85. The number of traders net-long is 3.39% higher than yesterday and 12.21% higher from last week, while the number of traders net-short is 8.33% lower than yesterday and 16.46% lower from last week.
France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since May 30, 2024 when France 40 traded near 7,969.00.EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 30, 2024 13:00 GMT when EUR/USD traded near 1.08.NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 31, 2024 14:00 GMT when NZD/USD traded near 0.61.
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