sPECULATIVE SENTIMENT INDEX fxcm
USDJPY - The ratio of long to short positions in the USDJPY stands at 2.10 as 68% of traders are long. Yesterday the ratio was 2.17; 68% of open positions were long. Long positions are 9.5% higher than yesterday and 7.0% below levels seen last week. Short positions are 13.0% higher than yesterday and 16.8% above levels seen last week. Open interest is 10.6% higher than yesterday and 1.6% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower. The trading crowd has grown less net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
EURUSD - The ratio of long to short positions in the EURUSD stands at -2.63 as 28% of traders are long. Yesterday the ratio was -2.90; 26% of open positions were long. Long positions are 8.7% higher than yesterday and 2.5% above levels seen last week. Short positions are 1.5% lower than yesterday and 1.1% below levels seen last week. Open interest is 1.1% higher than yesterday and 0.8% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.93 as 34% of traders are long. Yesterday the ratio was -1.99; 33% of open positions were long. Long positions are 5.6% higher than yesterday and 5.9% above levels seen last week. Short positions are 2.4% higher than yesterday and 22.5% below levels seen last week. Open interest is 3.5% higher than yesterday and 2.8% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBPUSD may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
GBPJPY - The ratio of long to short positions in the GBPJPY stands at -2.06 as 33% of traders are long. Yesterday the ratio was -2.22; 31% of open positions were long. Long positions are 21.2% higher than yesterday and 27.0% above levels seen last week. Short positions are 12.8% higher than yesterday and 1.6% below levels seen last week. Open interest is 15.4% higher than yesterday and 24.9% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBPJPY may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
USDCHF - The ratio of long to short positions in the USDCHF stands at 4.41 as 82% of traders are long. Yesterday the ratio was 4.61; 82% of open positions were long. Long positions are 2.5% higher than yesterday and 9.9% above levels seen last week. Short positions are 7.3% higher than yesterday and 4.5% above levels seen last week. Open interest is 3.4% higher than yesterday and 12.7% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDCHF may continue lower. The trading crowd has grown less net-long from yesterday but further long since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
USDCAD - The ratio of long to short positions in the USDCAD stands at -2.01 as 33% of traders are long. Yesterday the ratio was -2.05; 33% of open positions were long. Long positions are 1.5% higher than yesterday and 32.4% below levels seen last week. Short positions are 0.9% lower than yesterday and 71.3% above levels seen last week. Open interest is 0.2% lower than yesterday and 9.9% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDCAD may continue higher. The trading crowd has grown less net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.83 as 74% of traders are long. Yesterday the ratio was 2.57; 72% of open positions were long. Long positions are 8.7% higher than yesterday and 14.6% above levels seen last week. Short positions are 1.5% lower than yesterday and 9.6% below levels seen last week. Open interest is 5.8% higher than yesterday and 3.1% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at 2.01 as 67% of traders are long. Yesterday the ratio was 2.27; 69% of open positions were long. Long positions are 3.2% higher than yesterday and 59.5% above levels seen last week. Short positions are 16.7% higher than yesterday and 22.8% below levels seen last week. Open interest is 7.3% higher than yesterday and 32.7% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the NZDUSD may continue lower. The trading crowd has grown less net-long from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
EURCHF - The ratio of long to short positions in the EURCHF stands at 6.03 as 86% of traders are long. Yesterday the ratio was 7.22; 88% of open positions were long. Long positions are 3.7% lower than yesterday and 5.8% above levels seen last week. Short positions are 15.4% higher than yesterday and 12.4% above levels seen last week. Open interest is 1.3% lower than yesterday and 0.3% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURCHF may continue lower. The trading crowd has grown less net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
XAUUSD - The ratio of long to short positions in the XAUUSD stands at -1.02 as 50% of traders are long. Yesterday the ratio was -1.34; 43% of open positions were long. Long positions are 14.0% higher than yesterday and 4.7% below levels seen last week. Short positions are 13.3% lower than yesterday and 15.7% above levels seen last week. Open interest is 1.6% lower than yesterday and 7.9% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the XAUUSD may continue higher. The trading crowd has grown less net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
SPX500 - The ratio of long to short positions in the SPX500 stands at -2.80 as 26% of traders are long. Yesterday the ratio was -2.17; 32% of open positions were long. Long positions are 17.6% lower than yesterday and 26.5% below levels seen last week. Short positions are 6.3% higher than yesterday and 13.9% above levels seen last week. Open interest is 1.2% lower than yesterday and 5.0% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the SPX500 may continue higher. The trading crowd has grown further net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further bullish trading bias.
EURJPY - The ratio of long to short positions in the EURJPY stands at -3.05 as 25% of traders are long. Yesterday the ratio was -3.43; 23% of open positions were long. Long positions are 13.8% higher than yesterday and 10.7% below levels seen last week. Short positions are 1.0% higher than yesterday and 23.2% above levels seen last week. Open interest is 3.9% higher than yesterday and 18.8% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURJPY may continue higher. The trading crowd has grown less net-short from yesterday but further short since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.
How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.