Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
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.


US Dollar Likely to Test Key Support versus Yen

US Dollar Likely to Test Key Support versus Yen

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

USDJPY - The ratio of long to short positions in the USDJPY stands at 2.50 as 71% of traders are long. Yesterday the ratio was 2.42; 71% of open positions were long. Long positions are 2.4% lower than yesterday and 4.5% below levels seen last week. Short positions are 5.7% lower than yesterday and 25.4% below levels seen last week. Open interest is 3.3% lower than yesterday and 7.8% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

See next currency section:AUDUSD - Australian Dollar Fails to Rally Above Key Resistance

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX



Latest Topics in the DailyFX Forums

Der Eur/ USD Talk
by N. Delventhal
Today at 10:09
GBP/USD - QUADRO TECNICO
by Davide Marone
Today at 10:09
BUND
by Davide Marone
Today at 10:06
Scalping sur Indices et Forex
by Olian
Today at 10:04

Resources