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Positioning Extreme Cools For Canadian Dollar

Thursday, 07 February 2008 17:43:52 GMT

Written by David Rodriguez, Currency Analyst

USD/CAD Ratio: 2.24
Signal: Bearish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USDCAD 2.09 2.24 69% 3.47% Bearish

SSI6_2-7

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.25 as nearly 69% of traders are long. Yesterday, the ratio was at 2.29 as 70% of open positions were long. In detail, long positions are 2.0% lower than yesterday and 3.7% stronger since last week. Short positions are 0.2% lower than yesterday and 3.2% stronger since last week. Open interest is 1.4% weaker than yesterday and 1.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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