Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
Our data shows traders are now net-short NZD/USD for the first time since Feb 27, 2024 18:00 GMT when NZD/USD traded near 0.62. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since Feb 27, 2024 15:00 GMT when USD/CAD traded near 1.35.Gold IG Client Sentiment: Our data shows traders are now at their least net-long Gold since Dec 02 when Gold traded near 2,071.86.FTSE 100 IG Client Sentiment: Our data shows traders are now net-short FTSE 100 for the first time since Feb 07, 2024 11:00 GMT when FTSE 100 traded near 7,638.50.EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since Jun 10 when EUR/GBP traded near 0.85.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material.
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USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Feb 15, 2024 14:00 GMT when USD/CAD traded near 1.35.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Read more »