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.
View the FXCM Speculative Sentiment Index in Real-Time
The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.
Australian Dollar Outlook Remains Bearish until this Changes
AUDUSD –The majority of retail FX traders remain long the Australian Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us firmly in favor of selling into AUD declines. The majority of traders last turned net-long the AUD as it traded below $0.80 in May. Until we see a marked swing in the opposite direction we see little reason to change our long-standing bearish trading bias.
See next currency section:EURUSD - Euro Forecast was Accurate Last Week, but now what?
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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