Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
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.


We Like Joining the Crowd and Buying Euro Here

We Like Joining the Crowd and Buying Euro Here

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

EURUSDForex trading crowds have bought aggressively into Euro weakness as it nears critical support versus the US Dollar, and the sharp shift warns of volatility ahead.

Trade Implications – EURUSD: We most often go against the crowd; if everyone’s recently bought we like to sell and vice versa. Yet the issue is that extremely low forex volatility gives little reason to expect a major Euro breakdown here. And in fact, the retail trading crowd is often on the right side of major reversals in low-volatility environments.

We’re cautiously bullish the EURUSD until we see a bigger shift in market conditions. A break below $1.35 would obviously negate this bias and be accompanied by a jump in broader market volatility.

See next currency section: GBPUSD - British Pound Rally not Done Just Yet

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

We Like Joining the Crowd and Buying Euro Here

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX



Latest Topics in the DailyFX Forums

EURUSD H1 2013
by Lukman Otunuga
Today at 14:29
EURUSD H1 2013
by tradetime
Today at 13:59
GBP and JPY Pairs H1 2013
by Alejandro Zambrano
Today at 13:52
GBP and JPY Pairs H1 2013
by Lukman Otunuga
Today at 13:43

Resources