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Open Interest Jumps As Traders Look For A USDJPY Alternative

Thursday, 24 January 2008 16:24:59 GMT

Written by John Kicklighter And Antonio Sousa, Currency Analysts

USD/CHF Ratio: 1.54
Signal: Bearish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
USD/CHF 1.6 1.54 61% 2.64% Bearish

SSI5_1-24

USDCHF - The ratio of long to short positions in the USDCHF stands at 1.55 as nearly 61% of traders are long. Yesterday, the ratio was at 1.56 as 61% of open positions were long. In detail, long positions are 4.5% higher than yesterday and 25.6% stronger since last week. Short positions are 4.8% higher than yesterday and 19.2% weaker since last week. Open interest is 4.6% stronger than yesterday and 2.6% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

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