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Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....Net-long traders: 8.49% decrease since yesterday, 27.19% decrease from last weekTraders are more net-short compared to yesterday and last week
This analysis suggests that despite most traders taking short positions on EUR/USD, the contrarian approach indicates that the EUR/USD price might increase. The increasing number of short positions over the past day and week strengthens this bullish outlook for EUR/USD.Net-long traders: 6.33% decrease since yesterday, 32.
This analysis suggests that despite most traders taking short positions on GBP/USD, the contrarian approach indicates that the GBP/USD price might increase. The increasing number of short positions and decreasing number of long positions over the past day and week strengthens this bullish outlook for GBP/USD.AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since Jul 16, 2024 when AUD/USD traded near 0.67.
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