IG Client Sentiment: Traders Build Further into EURUSD Short

Tuesday, 21 March 2017 16:30 GMT Written by David Rodriguez

Summary Table

IG Client Sentiment: Traders Build Further into EURUSD Short

EURUSD

IG Client Sentiment: Traders Build Further into EURUSD Short

EURUSD: Retail trader data shows 29.2% of traders are net-long with the ratio of traders short to long at 2.43 to 1. The percentage of traders net-long is now its lowest since Jan 25 when EURUSD traded near 1.07517. The number of traders net-long is 13.0% lower than yesterday and 31.2% lower from last week, while the number of traders net-short is 14.9% higher than yesterday and 24.9% higher 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. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

GBPUSD

IG Client Sentiment: Traders Build Further into EURUSD Short

GBPUSD: Retail trader data shows 51.2% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Feb 24 when GBPUSD traded near 1.24513; price has moved 0.3% higher since then. The percentage of traders net-long is now its lowest since Feb 22 when GBPUSD traded near 1.24513. The number of traders net-long is 2.7% lower than yesterday and 34.1% lower from last week, while the number of traders net-short is 9.2% higher than yesterday and 42.4% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD 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 GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.

USDJPY

IG Client Sentiment: Traders Build Further into EURUSD Short

USDJPY: Retail trader data shows 71.4% of traders are net-long with the ratio of traders long to short at 2.5 to 1. In fact, traders have remained net-long since Jan 09 when USDJPY traded near 116.304; price has moved 3.8% lower since then. The number of traders net-long is 3.7% lower than yesterday and 3.2% lower from last week, while the number of traders net-short is 2.7% higher than yesterday and 21.9% lower 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. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.

GBPJPY

IG Client Sentiment: Traders Build Further into EURUSD Short

GBPJPY: Retail trader data shows 49.1% of traders are net-long with the ratio of traders short to long at 1.04 to 1. The number of traders net-long is 15.9% lower than yesterday and 3.3% higher from last week, while the number of traders net-short is 33.0% higher than yesterday and 24.5% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPJPY prices may continue to rise. Positioning is more net-short than yesterday but less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed GBPJPY trading bias.

USDCAD

IG Client Sentiment: Traders Build Further into EURUSD Short

USDCAD: Retail trader data shows 38.4% of traders are net-long with the ratio of traders short to long at 1.6 to 1. In fact, traders have remained net-short since Feb 28 when USDCAD traded near 1.31184; price has moved 1.5% higher since then. The number of traders net-long is 1.3% higher than yesterday and 30.5% lower from last week, while the number of traders net-short is 6.3% higher than yesterday and 21.6% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDCAD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDCAD-bullish contrarian trading bias.

USDCHF

IG Client Sentiment: Traders Build Further into EURUSD Short

USDCHF: Retail trader data shows 68.1% of traders are net-long with the ratio of traders long to short at 2.14 to 1. In fact, traders have remained net-long since Feb 27 when USDCHF traded near 1.00749; price has moved 1.4% lower since then. The number of traders net-long is 5.0% higher than yesterday and 37.1% higher from last week, while the number of traders net-short is 26.7% higher than yesterday and 3.8% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDCHF prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed USDCHF trading bias.

AUDUSD

IG Client Sentiment: Traders Build Further into EURUSD Short

AUDUSD: Retail trader data shows 28.2% of traders are net-long with the ratio of traders short to long at 2.55 to 1. In fact, traders have remained net-short since Jan 09 when AUDUSD traded near 0.71824; price has moved 7.4% higher since then. The number of traders net-long is 4.9% lower than yesterday and 4.0% higher from last week, while the number of traders net-short is 5.9% higher than yesterday and 22.4% higher 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. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUDUSD-bullish contrarian trading bias.

NZDUSD

IG Client Sentiment: Traders Build Further into EURUSD Short

NZDUSD: Retail trader data shows 60.0% of traders are net-long with the ratio of traders long to short at 1.5 to 1. In fact, traders have remained net-long since Mar 02 when NZDUSD traded near 0.71159; price has moved 0.8% lower since then. The number of traders net-long is 3.6% lower than yesterday and 21.9% lower from last week, while the number of traders net-short is 11.6% higher than yesterday and 1.4% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests NZDUSD 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 NZDUSD price trend may soon reverse higher despite the fact traders remain net-long.

EURJPY

IG Client Sentiment: Traders Build Further into EURUSD Short

EURJPY: Retail trader data shows 51.4% of traders are net-long with the ratio of traders long to short at 1.06 to 1. The number of traders net-long is 5.9% lower than yesterday and 44.4% higher from last week, while the number of traders net-short is 9.2% higher than yesterday and 15.7% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURJPY prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EURJPY trading bias.

EURCHF

IG Client Sentiment: Traders Build Further into EURUSD Short

EURCHF: Retail trader data shows 57.6% of traders are net-long with the ratio of traders long to short at 1.36 to 1. In fact, traders have remained net-long since Mar 13 when EURCHF traded near 1.07114; price has moved 0.3% higher since then. The number of traders net-long is 11.4% lower than yesterday and 23.9% higher from last week, while the number of traders net-short is 3.0% higher than yesterday and 35.5% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURCHF 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 EURCHF price trend may soon reverse higher despite the fact traders remain net-long.

AUDJPY

IG Client Sentiment: Traders Build Further into EURUSD Short

AUDJPY: Retail trader data shows 44.8% of traders are net-long with the ratio of traders short to long at 1.23 to 1. In fact, traders have remained net-short since Mar 10 when AUDJPY traded near 86.428; price has moved 0.1% lower since then. The number of traders net-long is 14.3% higher than yesterday and 8.0% higher from last week, while the number of traders net-short is 2.3% lower than yesterday and 4.8% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUDJPY prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current AUDJPY price trend may soon reverse lower despite the fact traders remain net-short.

EURGBP

IG Client Sentiment: Traders Build Further into EURUSD Short

EURGBP: Retail trader data shows 33.3% of traders are net-long with the ratio of traders short to long at 2.0 to 1. In fact, traders have remained net-short since Feb 24 when EURGBP traded near 0.84404; price has moved 2.6% higher since then. The percentage of traders net-long is now its highest since Mar 01 when EURGBP traded near 0.85855. The number of traders net-long is 2.6% higher than yesterday and 1.9% higher from last week, while the number of traders net-short is 9.2% lower than yesterday and 15.4% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURGBP prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EURGBP price trend may soon reverse lower despite the fact traders remain net-short.

Spot Gold

IG Client Sentiment: Traders Build Further into EURUSD Short

Spot Gold: Retail trader data shows 75.8% of traders are net-long with the ratio of traders long to short at 3.13 to 1. The number of traders net-long is 2.7% lower than yesterday and 11.6% lower from last week, while the number of traders net-short is 2.4% higher than yesterday and 3.3% higher 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. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

US 500

IG Client Sentiment: Traders Build Further into EURUSD Short

US 500: Retail trader data shows 23.8% of traders are net-long with the ratio of traders short to long at 3.2 to 1. The number of traders net-long is 0.4% higher than yesterday and 7.8% lower from last week, while the number of traders net-short is 2.8% higher than yesterday and 5.6% higher 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. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

Germany 30

IG Client Sentiment: Traders Build Further into EURUSD Short

Germany 30: Retail trader data shows 41.4% of traders are net-long with the ratio of traders short to long at 1.42 to 1. In fact, traders have remained net-short since Feb 08 when Germany 30 traded near 11658.4; price has moved 2.5% higher since then. The number of traders net-long is 23.4% higher than yesterday and 18.9% higher from last week, while the number of traders net-short is 0.7% lower than yesterday and 8.5% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Germany 30 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current Germany 30 price trend may soon reverse lower despite the fact traders remain net-short.

Wall Street

IG Client Sentiment: Traders Build Further into EURUSD Short

Wall Street: Retail trader data shows 23.9% of traders are net-long with the ratio of traders short to long at 3.19 to 1. The number of traders net-long is 9.0% lower than yesterday and 18.3% lower from last week, while the number of traders net-short is 6.9% higher than yesterday and 16.4% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Wall Street prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.

FTSE 100

IG Client Sentiment: Traders Build Further into EURUSD Short

FTSE 100: Retail trader data shows 20.0% of traders are net-long with the ratio of traders short to long at 3.99 to 1. In fact, traders have remained net-short since Dec 02 when FTSE 100 traded near 6764.1; price has moved 9.0% higher since then. The number of traders net-long is 0.7% higher than yesterday and 0.6% lower from last week, while the number of traders net-short is 2.5% higher than yesterday and 10.1% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100 prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.

Oil - US Crude

IG Client Sentiment: Traders Build Further into EURUSD Short

Oil - US Crude: Retail trader data shows 69.6% of traders are net-long with the ratio of traders long to short at 2.29 to 1. In fact, traders have remained net-long since Mar 01 when Oil - US Crude traded near 5424.1; price has moved 10.6% lower since then. The number of traders net-long is 4.7% lower than yesterday and 4.6% lower from last week, while the number of traders net-short is 0.4% lower than yesterday and 14.2% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Oil - US Crude prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Oil - US Crude trading bias.

Spot Silver

IG Client Sentiment: Traders Build Further into EURUSD Short

Spot Silver: Retail trader data shows 90.5% of traders are net-long with the ratio of traders long to short at 9.49 to 1. The number of traders net-long is 0.6% lower than yesterday and 0.6% higher from last week, while the number of traders net-short is 5.1% higher than yesterday and 5.5% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Silver prices may continue to fall. Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed Spot Silver trading bias.

France 40

IG Client Sentiment: Traders Build Further into EURUSD Short

France 40: Retail trader data shows 25.3% of traders are net-long with the ratio of traders short to long at 2.95 to 1. In fact, traders have remained net-short since Feb 24 when France 40 traded near 4904.9; price has moved 1.9% higher since then. The number of traders net-long is 6.4% lower than yesterday and 24.2% lower from last week, while the number of traders net-short is 5.0% higher than yesterday and 19.6% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests France 40 prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bullish contrarian trading bias.

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