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SSI Holds At 2.27 Even As USDCAD Pulls Back From 1.0375

Thursday, 24 January 2008 16:29:49 GMT

Written by John Kicklighter And Antonio Sousa, Currency Analysts

USD/CAD Ratio: 2.27
Signal: Bearish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/CAD 2.28 2.27 69% -4.65% Bearish

SSI6_1-24

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.26 as nearly 69% of traders are long. Yesterday, the ratio was at 2.26 as 69% of open positions were long. In detail, long positions are 1.0% higher than yesterday and 1.7% weaker since last week. Short positions are 0.9% higher than yesterday and 10.6% weaker since last week. Open interest is 1.0% stronger than yesterday and 3.5% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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