Speculative Sentiment Index
Source: FXCM Dealing Desk

EURUSD - The ratio of long to short positions in the EURUSD stands at -2.46 as nearly 71% of traders are short. Yesterday, the ratio was at -2.45 as 71% of open positions were short. In detail, long positions are 4.0% lower than yesterday and 12.8% stronger since last week. Short positions are 3.7% lower than yesterday and 19.5% stronger since last week. Open interest is 3.8% weaker than yesterday and 7.0% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at -1.36 as 58% of open positions were short. In detail, long positions are 28.1% higher than yesterday and 0.1% stronger since last week. Short positions are 20.2% lower than yesterday and 32.5% weaker since last week. Open interest is 0.3% stronger than yesterday and 22.2% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.56 as nearly 61% of traders are long. Yesterday, the ratio was at 2.70 as 73% of open positions were long. In detail, long positions are 21.8% lower than yesterday and 5.1% weaker since last week. Short positions are 35.5% higher than yesterday and 25.9% stronger since last week. Open interest is 6.3% weaker than yesterday and 12.2% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at 2.91 as nearly 74% of traders are long. Yesterday, the ratio was at 4.10 as 80% of open positions were long. In detail, long positions are 5.3% lower than yesterday and 22.9% weaker since last week. Short positions are 33.4% higher than yesterday and 7.8% stronger since last week. Open interest is 2.3% stronger than yesterday and 6.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

USDCAD - The ratio of long to short positions in the USDCAD stands at 4.98 as nearly 83% of traders are long. Yesterday, the ratio was at 5.09 as 84% of open positions were long. In detail, long positions are 1.0% higher than yesterday and 36.0% stronger since last week. Short positions are 3.3% higher than yesterday and 6.4% stronger since last week. Open interest is 1.4% stronger than yesterday and 24.4% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.