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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

The FXCM Speculative Sentiment Index provides an in-depth look at how retail FX traders are positioned and provides unique insight into market price moves and overall direction. Unlike major equities or futures markets, there is no single centralized exchange for forex trading. Such decentralized activity makes finding uniform volume or open interstest data impossible. DailyFX fills the gap by offering access to FXCM's proprietary volume and positioning information.

Available at FXCMAPPS.COM

 

View the FXCM Speculative Sentiment Index in Real-Time

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.


Euro Forecast was Accurate Last Week, but now what?

Euro Forecast was Accurate Last Week, but now what?

NEW: View Real-Time SSI Updates via the FXCM Trading Station Desktop

EURUSD – Retail FX traders were recently the most net-short the Euro versus the US Dollar since it traded to $1.40 through May, 2014, and a contrarian view of crowd sentiment kept us steadily bullish the EUR/USD. Yet the past week has seen a substantial pullback in short interest. First we saw many traders forced out of short positions as the pair spiked to $1.17, and since then we have seen many take profits on the substantial Euro pullback. Such a dramatic reversal in both price and positioning creates a great deal of uncertainty.

Crowds remain net-short, and we would typically treat this as a contrarian indication that the EUR/USD could continue higher. Yet clear market indecision since last week leaves us waiting for a more sustained shift in sentiment before taking a strong stance.

See next currency section: GBPUSD - British Pound Likely to Fall Further

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Using the Speculative Sentiment Index

Before you use the SSI, watch this video for a guide on using our proprietary positioning data.



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