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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


Forex Trader Sentiment Points to Further Euro Gains

Forex Trader Sentiment Points to Further Euro Gains

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURUSD Retail traders remain aggressively short the Euro versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for continued strength.

The ratio of long to short positions in the EURUSD stands at -2.00 as 33% of traders are long. Yesterday the ratio was -2.06; 33% of open positions were long. Long positions are 4.1% lower than yesterday and 5.5% below levels seen last week. Short positions are 6.9% lower than yesterday and 21.8% above levels seen last week. Open interest is 6.0% lower than yesterday and 7.3% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher.

See next currency section: GBPUSD - British Pound Outlook Remains Bearish

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Forex Trader Sentiment Points to Further Euro Gains

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