Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
EUR/GBP IG Client Sentiment: Our data shows traders are now at their least net-long EUR/GBP since Nov 11 when EUR/GBP traded near 0.87.Retail trader data shows 34.41% of traders are net-long with the ratio of traders short to long at 1.91 to 1.since Nov 11 when EUR/GBP traded near 0.87. The number of traders net-long is 13.27% lower than yesterday and 59.33% lower from last week, while the number of traders net-short is 16.97% higher than yesterday and 84.09% higher from last week.
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.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.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
Read more »
Trading on Sentiment: Using IG Client Sentiment DataIG Client Sentiment shows where traders are positioned in the markets. Learn how to use IG CS to spot opportunities based on trader positioning and sentiment.
Read more »
Retail Trader Sentiment Analysis – FTSE 100, GBP/USD, and EUR/GBPGauge market dynamics by examining sentiment indicators, position ratios, price fluctuations, and technical signals to determine prevailing bullish or bearish trends
Read more »
EUR/GBP appreciates to near 0.8400 due to hawkish sentiment surrounding the ECBEUR/GBP continues to gain ground for the second consecutive session, trading around 0.8400 during the Asian hours on Tuesday.
Read more »
Using IG Client Sentiment for a More Well-Rounded ApproachIGCS is derived from actual data driven by live traders. Learn how to use IGCS as a technical indicator to compliment a multitude of approaches.
Read more »
Retail Sentiment Analysis: AUD/USD, Oil, S&P 500 PositioningWhat does IG client sentiment suggest about the recent risk off moves seen in financial markets?
Read more »