France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Nov 13, 2023 when France 40 traded near 7,094.20.

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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 France 40-bearish contrarian trading bias.

France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Nov 13, 2023 when France 40 traded near 7,094.20.Retail trader data shows 52.21% 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 Nov 13 when France 40 traded near 7,094.20, price has moved 11.93% higher since then. The number of traders net-long is 27.54% higher than yesterday and 33.68% higher from last week, while the number of traders net-short is 16.67% lower than yesterday and 19.97% lower from last week.

Our data shows traders are now net-long France 40 for the first time since Nov 13, 2023 when France 40 traded near 7,094.20. AUD/USD IG Client Sentiment: Our data shows traders are now net-short AUD/USD for the first time since May 21, 2024 03:00 GMT when AUD/USD traded near 0.67.EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Mar 21 when EUR/CHF traded near 0.97.

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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