English
Français
Deutsch
Español
日本語
ελληνικά
العربية
中文
Dansk
SSI: The Speculative Sentiment Index
| Symbol | LastWeek | Present | %Long | Change: Open Interest |
Signals | Chart Links |
|---|---|---|---|---|---|---|
| EUR/USD | 1.48 | 1.01 | 50%% | -5.4%% | bearish | View Chart |
| USD/JPY | -1.19 | 1.18 | 54%% | -7.5%% | bearish | View Chart |
| GBP/USD | 2.05 | 1.86 | 65%% | -7.2%% | bearish | View Chart |
| AUD/USD | 4.99 | 4.00 | 80%% | -8.5%% | bearish | View Chart |
| GOLD | 1.40 | 1.23 | 55%% | -2.0%% | bearish | View Chart |
| SPX500 | -6.09 | -3.51 | 22%% | -19.8%% | bearish | View Chart |
The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.
Euro Bounce Presents Attractive Selling Opportunity
EURUSD – Retail forex traders have recently been selling into Euro strength against the otherwise-resurgent US Dollar—normally enough to make us bullish. But we still generally favor USD strength.
Trade Implications – EURUSD: Last week we wrote that we were plainly in favor of further Euro weakness against the high-flying USD. And though we’ll never make a habit of ignoring important shifts in retail sentiment, the fact that the US Dollar looks to take out fresh highs suggests this is a minor EURUSD correction and potentially an opportunity to sell.
Only a EURUSD break above $1.3028 would shift our bearish trading bias.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Download all of our Sentiment-based trading strategies free via an ongoing promo on FXCMApps.com
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
Facebook at http://www.Facebook.com/DRodriguezFX
Latest Topics in the Forex Trading Forums
|
Elliott Wave Trading Discussi... by brad_1199 Today at 21:38 |
EURUSD H1 2013 by nikolas Today at 21:27 |
Discuss GBP and JPY Pairs by carlh Today at 20:48 |
EURUSD H1 2013 by Joke Today at 20:04 |
