Retail Trading Data Show Heavy Buying In Gold And Rising Optimism Across US Indices

(MENAFN- Mid-East Info) Latest client sentiment data from Capital shows a surge in bullish positioning across major asset classes, with retail traders leaning heavily into gold and US equity indices while adjusting positions in FX and commodities.


Indices: Strong Buy Bias Across US Markets

Retail traders increased their long bias across all four major US equity indices last week. Notably:

• S&P 500: Long positions climbed to 73%, up from 67% the previous Monday, putting sentiment firmly in heavy buy territory.
• Dow Jones: Long bias strengthened to 66%, from 56% a week earlier.
• Russell 2000: Traders showed a robust 76% long bias, edging close to extreme buy.
• Nasdaq 100: Shifted from a slight sell (53% short) at the start of last week to a 59% majority long by this week.

Commodities: Gold and Silver Attract Buyers, Oil Cools

Precious metals saw intensified demand as traders re-entered long positions:

• Gold: Heavy buying rose to 67%, up from 63% the week prior, as traders looked to re-establish positions after profit-taking.
• Silver: Slight increase to 69% from 68%, echoing gold's pattern.
• WTI Crude Oil: Experienced a significant unwind, falling to 71% long from 88% the previous Monday, though unwinding longs cooled later in the week.

FX: Euro and Sterling Gain Favor, Yen Levels Out

Retail traders adjusted their FX positions with notable moves in major pairs:

• EUR/USD: Shifted from a slight long bias (51%) to a stronger 57% majority long.
• GBP/USD: Increased long positions to 64%, up from 60%.
• USD/JPY: Neutralised, falling back from a 60% majority long to near-balanced positioning.
  

Commenting on the data, Monte Safieddine, Head of Market Research, MENA at Capital, said:

“Our clients are showing clear conviction in gold and US indices, which are now firmly in buy territory. The shift in Nasdaq from a short bias to a majority long is particularly striking, suggesting traders are positioning for momentum. At the same time, the unwind in oil shows how quickly sentiment can cool, even in a strongly trending market.”

About Capital:

Capital is a high-growth fintech company empowering people to participate in financial markets through simple and innovative online trading platforms. Launched in 2016, its intuitive award-winning platform -available on web and app -enables investors to trade thousands of world-renowned markets. To help investors trade with confidence, the platform is fitted with robust risk management controls, transparent pricing and extensive educational content to support clients in their trading journeys.

Capital is one of the fastest-growing trading platforms in the sector with client trading volumes exceeding $1trillion. In 2024, the company was recognised as the fastest growing tech-enabled platform in the Middle East and Cyprus for the third-straight year by Deloitte Technology's Fast 50 programme.

Capital has a global network with offices located in leading business and financial centres including London, Dubai, Warsaw, Nassau, Sofia, Limassol, and Melbourne. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

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