FOREX ALERTS >>
DailyFX Plus Login

eur ssi

Article

Euro Forecast Unclear on Sharp Shifts in Forex Sentiment
Thursday, 04 June 2009 14:19:51 GMT  |  David Rodriguez, Quantitative Strategist
Delicious
Facebook

06-03-09SSI-03

EURUSD – Forex trading crowd biases on the EURUSD have shifted quickly, and recent volatility in crowd sentiment has left our SSI-based forex trading systems effectively flat the currency pair.  The headline SSI ratio still registers at -1.54 as nearly 61% of traders are short—giving a contrarian signal to buy the currency pair. Yet short positions are actually 11.2 percent lower on the week, and the crowd’s short bias is waning.  Yesterday, the ratio was at -1.27 as 56% of open positions were short. Unpredictable shifts in forex positioning make our SSI-based bias summarily unclear. Of two purely SSI-based momentum trading systems, one is currently short while another has gone long.

More Articles

Feedback Form