financetom
Euro-Dollar
financetom
/
Forex
/
Euro-Dollar
/
EUR/USD and USD/JPY – Latest Sentiment Analysis
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EUR/USD and USD/JPY – Latest Sentiment Analysis
Aug 16, 2024 1:00 AM

EUR/USD and USD/JPY – Latest Sentiment Analysis

Recommended by Nick Cawley How to Trade EUR/USD

EUR/USD Sentiment Analysis

Current positioning:

32.46% of traders are net-longThe ratio of short to long traders is 2.08 to 1Changes in positioning:

Net-long traders: Up 9.28% from yesterday, down 17.58% from last weekNet-short traders: Down 10.10% from yesterday, up 15.36% from last weekInterpretation:

The analysis takes a contrarian view to crowd sentimentThe net-short position suggests EUR/USD prices may continue to riseOverall outlook:

Positioning is less net-short than yesterday but more net-short than last weekThis combination results in a mixed EUR/USD trading biasThe analysis suggests that while there's been some recent shift towards long positions, the overall sentiment remains predominantly short. This contrarian approach implies that the EUR/USD might continue to strengthen, despite the majority of traders betting against it. However, the mixed signals from different timeframes (daily vs weekly changes) lead to an overall mixed trading bias.

USD/JPY Sentiment Analysis

Current positioning:

42.64% of traders are net-longThe ratio of short to long traders is 1.35 to 1Changes in positioning:

Net-long traders: Down 14.49% from yesterday, down 11.96% from last weekNet-short traders: Up 10.17% from yesterday, up 10.94% from last weekInterpretation:

The analysis takes a contrarian view to crowd sentimentThe net-short position suggests USD/JPY prices may continue to riseOverall outlook:

Traders are further net-short compared to both yesterday and last weekThis data shows a significant shift towards short positions in USD/JPY over both daily and weekly timeframes. The percentage of net-long traders has decreased, while net-short traders have increased. Using the contrarian approach, this growing bearish sentiment among retail traders is interpreted as a bullish signal for USD/JPY. The analysis suggests that despite more traders betting against the currency pair, its price may actually continue to rise.

The consistent movement towards short positions across both timeframes (daily and weekly) provides a clearer signal compared to the previous EUR/USD data, which showed mixed trends.

USD/JPY Bullish Data provided by of clients are net long. of clients are net short.

Change in Longs Shorts OI
Daily -11% 7% -1%
Weekly -8% 12% 2%
What does it mean for price action?

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 >
Euro Exchange Rate Forecast to Hit Parity v US Dollar
Euro Exchange Rate Forecast to Hit Parity v US Dollar
Mar 22, 2024
The euro dollar exchange rate (EURUSD) has been pushed sharply lower amidst a tsunami of dollar buying.The euro has had a tough week and hit new lows on the back of further details concerning the European Central Bank (ECB) quantitative easing programme. This helped to buoy sterling and boost a...
Japanization will See a Trillion Euros Leave the Eurozone say Deutsche Bank
Japanization will See a Trillion Euros Leave the Eurozone say Deutsche Bank
Mar 22, 2024
The outlook for the euro exchange rate complex (EUR) remains overwhelmingly negative says a new note issued by a leading Deutsche Bank analyst which forsees investor money draining out of the single-currency market.With the euro being battered across the board we continue to ask the question - just how low...
Euro Relief Short-Lived as Secular Dollar Bull-Trend has Further to Run
Euro Relief Short-Lived as Secular Dollar Bull-Trend has Further to Run
Mar 22, 2024
The euro to dollar exchange rate (EUR/USD) has powered higher bringing to end the relentless selling pressure.USD bull trend to extend in line with its longer-term secular trends - roughly eight years up and eight years down on average since the 1970s“Corrective EUR gains in the next few weeks (to...
DAX Surge Keeps EUR Outlook Weak as Hedging Demand Grows
DAX Surge Keeps EUR Outlook Weak as Hedging Demand Grows
Mar 22, 2024
With Eurozone stock markets powering higher we hear the outlook for the euro exchange rate complex (EUR) will continue to be undermined as investor demand for currency hedges remains elevated.“As the euro weakens further and oil prices stay subdued the case for a robust euro recovery grows stronger by the...
Copyright 2023-2024 - www.financetom.com All Rights Reserved