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FXCM SSI: Contrarian Traders call for EURUSD above 1.37
Thursday, 06 September 2007 13:51:04 GMT
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The ratio of long to short positions in the EURUSD stands at -1.66 as nearly 62% of traders are short. In detail, long positions are 3.9% higher than yesterday and 2.4% weaker since last week. Short positions are 2.7% higher than yesterday and 13.5% stronger since last week. Retail has been aggressively selling EURUSD and in the past, when retail was short and selling more, the EURUSD has rallied in the following days.
EURUSD
– Contrarian Traders call for EURUSD
above 1.37
GBPUSD – Positions
Outstanding fall nearly 22 percent
USDJPY
– Sentiment Index
signals more USDJPY losses
USDCHF
– Long positions fall 43.9 percent on Stops
USDCAD – 79 percent of traders are Long U.S. dollars against the CAD
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