EUR/USD and GBP/USD - Latest Sentiment Analysis and Positioning

EUR/USD Analysis

Current Position:

• 30.60% of traders are net-long (buying)
• 69.40% of traders are net-short (selling)
• The ratio of short to long positions is 2.27 to 1

Changes in Long Positions:

• Increased by 20.19% since yesterday
• Increased by 44.60% since last week

Changes in Short Positions:

• Decreased by 5.87% since yesterday
• Decreased by 3.33% since last week

Market Interpretation:

• We generally take a contrarian view to crowd sentiment.
• The current net-short position suggests EUR/USD prices may continue to rise.
• However, traders are becoming less net-short compared to yesterday and last week.
• These recent changes in sentiment suggest caution in predicting further price increases.

GBP/USD Analysis

Current Position:

• 25.81% of traders are net-long (buying more than selling)
• The ratio of short to long positions is 2.88 to 1

Recent Changes:

• Net-long traders:
• Increased by 3.41% since yesterday
• Decreased by 6.04% since last week
• Net-short traders:
• Decreased by 3.21% since yesterday
• Increased by 13.11% since last week

Analysis: We usually interpret crowd sentiment in a contrarian manner. Since traders are predominantly short, this suggests GBP/USD prices might rise.

However, the sentiment is mixed:

• Compared to yesterday: Slightly less bearish (fewer short positions)
• Compared to last week: More bearish (more short positions)

Conclusion: Due to the conflicting short-term and medium-term trends in trader sentiment, our trading bias for GBP/USD is mixed