Global Live Forex News on Australian Dollar Expected to Decline vs US Dollar today.
Live Forex News on Australian Dollar Expected to Decline vs US Dollar
Daily Live Forex News on Australian Dollar Expected to Decline vs US Dollar seen by FXPremiere Group analysts.
AUDUSD: Retail trader data shows 52.6% of traders are net-long with the ratio of traders long to short at 1.11 to 1. The number of traders net-long is 8.6% higher than yesterday and 42.8% higher from last week, while the number of traders net-short is 12.1% higher than yesterday and 21.1% lower from last week. Read more on recent Crude Oil News.
We typically take a contrarian view to crowd sentiment, and the fact that forex traders are net-long suggests AUD/USD prices may continue to drop. Positioning is less net-long than with more net-long results. The combination of current sentiment and recent changes gives us a further mixed AUDUSD trading bias.
USD/JPY: Retail trader data shows 72.6% of forex traders are net-long with the ratio of traders long to short at 2.67 to 1. Forex traders have remained net-long since Jan 11 when USD/JPY traded near 117.311; price has moved 5% lower since then. The number of traders net-long is 5.9% higher than yesterday and 1.1% higher from last week including Euro-zone.
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