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 Mar 12, 2024 when NZD/USD traded near 0.61. EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Apr 24, 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.
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