The latest retail sentiment outlooks for AUD/USD and AUD/JPY
Gold IG Client Sentiment: Our data shows traders are now net-short Gold for the first time since May 20, 2024 when Gold traded near 2,427.18.Further your trading knowledge and gain informed market analyses from our expert strategist on GBP with our free Q3 guide availabl...
Our analysis typically adopts a contrarian approach to crowd sentiment. Given the current net-short trader positioning, this suggests potential upward movement for AUD/USD. However, the situation is nuanced. While positioning is less net-short than yesterday, it remains more net-short than last week. This combination of current sentiment and recent changes presents a mixed trading bias for AUD/USD.
Our analysis typically adopts a contrarian approach to crowd sentiment. The current net-short trader positioning suggests potential upward movement for AUD/JPY prices. However, the situation is nuanced. Despite traders remaining net-short, they are less so than yesterday and last week. This recent shift in sentiment indicates that the current AUD/JPY price trend may soon reverse lower.
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