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Sterling Open Interest is Significantly Above its Monthly Average

Thursday, 17 January 2008 15:41:51 GMT

Written by Antonio Sousa, Quantitative Strategies Analyst

GBP/USD Ratio: 1.39
Signal: Bearish

Currency Last Week Present* % Long % Change in Positions Outstanding Signal
GBP/USD 1.76 1.39 58% -0.53% Bearish

SSI01.17.08-4

GBPUSD – The ratio of long to short positions in the GBPUSD stands at 1.39 as nearly 58% of traders are long. Yesterday, the ratio was at 1.51 as 60% of open positions were long. In detail, long positions are 0.1% lower than yesterday and 2.4% weaker since last week. Short positions are 8.7% higher than yesterday and 2.0% stronger since last week. Open interest is 3.4% stronger than yesterday and 12.5% above its monthly average.

 

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