FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 11, 2024 when FTSE 100 traded near 7,700.90.

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Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.

FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 11, 2024 when FTSE 100 traded near 7,700.90.Retail trader data shows 52.08% of traders are net-long with the ratio of traders long to short at 1.09 to 1.

In fact, traders have remained net-long since Mar 11 when FTSE 100 traded near 7,700.90, price has moved 5.78% higher since then. The number of traders net-long is 28.85% higher than yesterday and 44.12% higher from last week, while the number of traders net-short is 9.18% lower than yesterday and 27.40% lower from last week.

Our data shows traders are now net-long FTSE 100 for the first time since Mar 11, 2024 when FTSE 100 traded near 7,700.90. EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Jun 13, 2024 when EUR/USD traded near 1.07.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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