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The ratio of long to short positions in the EURUSD stands at -2.31

By Antonio Sousa, Chief Strategist
03 December 2009 16:17 GMT

SSI1203EUR

The ratio of long to short positions in the EURUSD stands at -2.31 as nearly 70% of traders are short. Yesterday, the ratio was at -1.71 as 63% of open positions were short. In detail, long positions are 17.6% lower than yesterday and 19.7% weaker since last week. Short positions are 11.5% higher than yesterday and 16.9% stronger since last week. Open interest is 0.8% stronger than yesterday and 1.0% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

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03 December 2009 16:17 GMT