USDCHF – Retail FX traders are once again net-long the US Dollar (ticker: USDOLLAR) against the Swiss Franc, and a purely contrarian view of crowd sentiment favors further USDCHF declines.
As with other USD pairs, it remains critical to watch whether the US currency can continue lower amidst such low FX market volatility. Yet the build in US Dollar long positions against the Swiss Franc favors further short-term weakness.
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.
