EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 09, 2024 when EUR/USD traded near 1.08.Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Gold: 0.23% Oil - ...In trading, the temptation to follow prevailing trends is strong—buying during bullish phases and selling in bearish ones.
To illustrate this concept, let's examine how IG's client sentiment data and current retail investor positioning can guide trading decisions for three popular assets:According to IG data, 50.87% of clients betting on EUR/USD’s direction are bullish, with the ratio of traders long to short at 1.04 to 1. The number of buyers has surged by 23.99% since yesterday and is 13.24% higher than prevailing levels seven days ago. Meanwhile, short positions have fallen by 15.17% and 10.
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