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.


Could Finally be Start of US Dollar Breakout versus Yen

Could Finally be Start of US Dollar Breakout versus Yen

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

USDJPY Retail forex traders are now net-short the US Dollar versus the Japanese Yen for the first time in four months; we’ll continue to watch for USDJPY gains until sentiment shifts.

Trade Implications – JPY Pairs: The trading crowd last turned short as the pair crossed above the ¥104 mark and quickly reversed. We could obviously see a similar ‘fake-out’ if the Dollar fails to hold gains, but as long as retail traders remain short we’ll watch for continued USDJPY strength.

See next currency section:AUDUSD - Australian Dollar Poised for Continued Weakness

Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Could Finally be Start of US Dollar Breakout versus Yen

Automate our SSI-based trading strategies via Mirror Trader free of charge

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

EURUSD
by biggari
Today at 15:31
EURUSD
by BILLYBASIC
Today at 15:31
GBP and JPY Pairs
by Lukman Otunuga
Today at 15:24
EURUSD
by biggari
Today at 15:16

Resources