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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

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.

Available at FXCMAPPS.COM


View the FXCM Speculative Sentiment Index in Real-Time

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.

British Pound Expected to Trade Lower

British Pound Expected to Trade Lower

Why and how do we use the SSI in trading? View our video and download the free indicator here

GBPUSD–Aggressively one-sided retail forex trader sentiment warns that the British Pound may continue lower versus the US Dollar. Our data sample shows that 58 percent of all open retail trader positions in the GBP/USD are long, and a contrarian view of crowd sentiment points to losses.

We will need to see a substantive turn towards GBP-selling to change our USD-bullish trading bias.

See next currency section:USDCAD - US Dollar Likely to Strengthen versus Canadian Dollar

--- Written by David Rodriguez, Quantitative Strategist for

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

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Using the Speculative Sentiment Index

Before you use the SSI, watch this video for a guide on using our proprietary positioning data.

Video Source: Youtube. Visit DailyFX Youtube Channel for more videos.