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.
Euro Forecast Turns Bearish as Crowds Buy
Why and how do we use the SSI in trading? View our video and download the free indicator here
EURUSD – One-sided retail FX trader sentiment warns that the Euro may continue lower against the US Dollar. The majority of traders in our sample remain long the EUR/USD, and a contrarian view of trader sentiment leaves us firmly bearish.
Until we see a sustained shift towards selling, we see little reason to watch for a larger EUR/USD turn higher.
See next currency section: GBPUSD - British Pound Expected to Trade Lower
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