Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bearish contrarian trading bias.
Germany 40 IG Client Sentiment: Our data shows traders are now net-long Germany 40 for the first time since Nov 09, 2023 when Germany 40 traded near 15,261.50.Retail trader data shows 50.31% of traders are net-long with the ratio of traders long to short at 1.01 to 1.
In fact, traders have remained net-long since Nov 09 when Germany 40 traded near 15,261.50, price has moved 13.95% higher since then. The number of traders net-long is 11.22% higher than yesterday and 67.03% higher from last week, while the number of traders net-short is 1.36% higher than yesterday and 38.12% lower from last week.
Our data shows traders are now net-long Germany 40 for the first time since Nov 09, 2023 when Germany 40 traded near 15,261.50. EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since May 15, 2024 when EUR/GBP traded near 0.86.FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Jul 25, 2024 when FTSE 100 traded near 8,203.00.
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