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Swiss Franc Forecast to Depreciate vs. USD

By David Rodriguez, Quantitative Strategist
04 February 2010 16:33 GMT

SSI204usdchf

USDCHF – The ratio of long to short positions in the USDCHF stands at -1.01 as nearly 50% of traders are short. Yesterday, the ratio was at -1.07 as 52% of open positions were short. In detail, long positions are 1.6% lower than yesterday and 0.3% weaker since last week. Short positions are 6.8% lower than yesterday and 10.7% weaker since last week. Open interest is 4.3% weaker than yesterday and 4.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

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04 February 2010 16:33 GMT