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Swiss Franc Bides Time as Crowds Flat

Swiss Franc Bides Time as Crowds Flat

2012-09-06 15:26:00
David Rodriguez, Head of Product
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ssi_usd-chf_body_Picture_3.png, Swiss Franc Bides Time as Crowds Flat

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

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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