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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 and twice every trading day inside DailyFX PLUS.

Euro Forecast versus US Dollar Now Neutral

Euro Forecast versus US Dollar Now Neutral

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.35 as 43% of traders are long. Yesterday the ratio was -1.45; 41% of open positions were long. Long positions are 7.3% higher than yesterday and 17.6% above levels seen last week. Short positions are 0.1% lower than yesterday and 26.4% below levels seen last week. Open interest is 2.9% higher than yesterday and 12.3% 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 less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

--- Written by Christopher Vecchio, Currency Strategist

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