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  • 🇯🇵 Consumer Confidence (JUL) Actual: 37.5 Previous: 37.4 https://www.dailyfx.com/economic-calendar#2021-08-02
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  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.03% 🇯🇵JPY: 0.00% 🇦🇺AUD: -0.03% 🇨🇦CAD: -0.04% 🇨🇭CHF: -0.04% 🇳🇿NZD: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BKGiHCcP2s
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  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.52% US 500: 0.51% FTSE 100: 0.49% France 40: 0.47% Wall Street: 0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PJsDVKC0H2
Swiss Franc Likely to Fall Further

Swiss Franc Likely to Fall Further

David Rodriguez, Head of Product
ssi_usd-chf_body_Picture_16.png, Swiss Franc Likely to Fall Further

The ratio of long to short positions in the USDCHF stands at -1.55 as nearly 61% of traders are short. Yesterday, the ratio was at -1.38 as 58% of open positions were short. In detail, long positions are 7.2% lower than yesterday and 26.7% stronger since last week. Short positions are 3.7% higher than yesterday and 2.7% stronger since last week. Open interest is 0.9% weaker than yesterday and 3.0% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

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

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, send a message with subject line “Distribution List” to drodriguez@dailyfx.com; Contact David via Twitter at http://www.twitter.com/DRodriguezFX

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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