financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Retail Trader Sentiment Update: GBP/USD, AUD/USD, USD/JPY Latest
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Retail Trader Sentiment Update: GBP/USD, AUD/USD, USD/JPY Latest
Jul 26, 2024 1:19 AM

Curious to learn how market positioning can affect asset prices? Our sentiment guide holds the insights—download it now!

Recommended by Richard Snow Improve your trading with IG Client Sentiment Data

AUD/USD:

Retail trader data reveals that 78.72% of traders are net-long, with a ratio of 3.70 long traders for every short trader. The number of net-long traders has increased by 5.45% since yesterday and 34.21% since last week. Conversely, net-short traders have decreased by 14.05% since yesterday and 49.63% since last week.

Taking a contrarian view to crowd sentiment, the predominance of net-long traders suggests AUD/USD prices may continue to fall. The increase in net-long positions both daily and weekly strengthens this bearish outlook for AUD/USD.

AUD/USD Sentiment Chart

GBP/USD:

Retail trader data shows that 37.63% of traders are net-long, with a ratio of 1.66 short traders for every long trader. Net-long traders have increased by 2.27% since yesterday and 9.89% since last week. Net-short traders have decreased by 8.01% since yesterday and 11.81% since last week.

While a contrarian view to crowd sentiment suggests GBP/USD prices may continue to rise due to the majority being net-short, recent changes in sentiment indicate a potential downward reversal in the current GBP/USD price trend.

GBP/USD Sentiment Chart

USD/JPY:

Retail trader data indicates that 41.56% of traders are net-long, with a ratio of 1.41 short traders for every long trader. Net-long traders have increased by 4.29% since yesterday and 8.00% since last week. Net-short traders have decreased by 7.01% since yesterday and 16.85% since last week.

Although a contrarian view to crowd sentiment suggests USD/JPY prices may continue to rise due to the majority being net-short, recent changes in sentiment warn of a potential downward reversal in the current USD/JPY price trend.

USD/JPY Sentiment Chart

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ordinals Activity Ramps Up Before Halving — Alongside Bitcoin Fees
Ordinals Activity Ramps Up Before Halving — Alongside Bitcoin Fees
Apr 11, 2024
One week before the halving, the Bitcoin network is faced with another wave of hot demand, with some coming from a now familiar source: Ordinals traders. As of Thursday, data from mempool.space shows that Bitcoin users are paying over 90 sats/vByte of block space, placing the average cost of a transaction at $8.50 apiece. Ordinals Make Their Comeback The surge...
Robert Kiyosaki Concurs With Cathie Wood’s $2.3M Bitcoin Prediction
Robert Kiyosaki Concurs With Cathie Wood’s $2.3M Bitcoin Prediction
Apr 11, 2024
American author and financial educator Robert Kiyosaki has voiced his agreement with a $2.3 million per Bitcoin (BTC) prediction that Cathie Wood’s asset management firm Ark Invest made earlier this year. According to his tweet, Kiyosaki believes Wood’s predictions because he trusts her opinion, she is smart, and BTC has the potential to become worth that amount under the right...
Voyager Digital Secures $484 Million from FTX and 3AC Settlements
Voyager Digital Secures $484 Million from FTX and 3AC Settlements
Apr 11, 2024
Voyager Digital has announced the recovery of $484.35 million from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (DO) insurance. The announcement was part of a status update submitted to the United States Bankruptcy Court for the Southern District of New York, outlining the efforts to recover and allocate assets to creditors following the companys financial decline....
MarginFi TVL Drops $120 Million Following Founder’s Resignation
MarginFi TVL Drops $120 Million Following Founder’s Resignation
Apr 11, 2024
Edgar Pavlovsky, the founder of MarginFi, announced his resignation on Wednesday following an internal dispute within the protocols builder, Mrgn. Pavlovskys abrupt exit resulted in withdrawals from investors, causing MarginFis Total Value Locked (TVL) to plummet by $120 million. Uninterrupted Operations Pavlovsky announced his resignation from MarginFi, expressing dissatisfaction with internal and external practices. He stepped away from all aspects...
Copyright 2023-2024 - www.financetom.com All Rights Reserved