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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 Looks like a Sell versus Japanese Yen

US Dollar Looks like a Sell versus Japanese Yen

NEW: View Real-Time SSI Updates via the FXCM Trading Station Desktop

USDJPY Retail FX traders remain long the US Dollar versus the Japanese Yen, and a contrarian view of crowd sentiment leaves us mostly in favor of selling into USD/JPY declines. The pair currently trades at key congestion levels almost squarely at the ¥120.50 mark. Failure here would shift focus towards a comparable price floor near ¥118.50, and it would take a meaningful shift in crowd sentiment to change our trading bias.

See next currency section:AUDUSD - Australian Dollar Outlook Remains Bearish until this Changes

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.