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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.


Euro Likely Turns Corner as Crowds Sell Aggressively

Euro Likely Turns Corner as Crowds Sell Aggressively

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EURUSD The ratio of long to short positions in the EURUSD stands at -1.92 as 34% of traders are long. Yesterday the ratio was -1.81; 36% of open positions were long. Long positions are 2.0% higher than yesterday and 30.5% below levels seen last week. Short positions are 8.3% higher than yesterday and 41.8% above levels seen last week. Open interest is 6.1% higher than yesterday and 12.9% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown further net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further bullish trading bias.

See next currency section: GBPUSD - British Pound Remains in Clear Downtrend

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

Euro Likely Turns Corner as Crowds Sell Aggressively

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