
Retail FX traders are near-neutral the US Dollar (ticker: USDOLLAR) against the Swiss Franc, and the lack of crowd conviction gives us little reason to expect major USDCHF moves.
According to our FXCM Execution Desk sample, there are a roughly equal number of retail traders long the USDCHF as those short. We’ll need to wait for a swing in sentiment before taking a stance on the Swiss Franc, and low FX market volatility suggests that the USDCHF may continue trading in a tight range.
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
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