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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.

US Dollar Likely to Strengthen versus Canadian Dollar

US Dollar Likely to Strengthen versus Canadian Dollar

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

USDCAD– Retail forex traders remain aggressively short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment keeps us focused on further USD/CAD gains.

And indeed until we see a substantive shift towards USD/CAD-buying we will continue to call for near-term strength.

See next currency section:SPX500 - S&P 500 Remains in Position to Rally

Written by David Rodriguez, Quantitative Strategist for

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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.