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.


Correction Under Way in USD/JPY

Correction Under Way in USD/JPY

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.20 as 55% of traders are long. 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 less net-long from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form



Latest Topics in the DailyFX Forums

GBP and JPY Pairs
by Jason Barnes
Today at 05:33
GBP and JPY Pairs
by Jason Barnes
Today at 05:28
GBP and JPY Pairs
by JerryPan
Today at 00:53
GBP and JPY Pairs
by dingoman
Today at 00:42

Resources