EURUSD 1.34963 -1.09 48% Bullish
GBPUSD 1.98104 1.37 58% Bearish
USDJPY 114.317 2.38 70% Bearish
USDCHF 1.20255 2.48 71% Bearish
USDCAD 1.05996 2.99 75% Bearish

GBPUSD - 58% of retail traders are long GBPUSD (long to short ratio is 1.37). . Last week, the ratio was at -2.07 as 67% of open positions were shortMoreover, since last week, retail has been aggressively buying GBPUSD (long positions are up by 27.6%). In the past, when retail was long and buying more, the GBPUSD has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL GBPUSD.

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.06 as nearly 52% of traders are short. Yesterday, the ratio was at -1.09 as 52% of open positions were short. In detail, long positions are 2.7% higher than yesterday and 18.1% weaker since last week. Short positions are 0.4% higher than yesterday and 20.4% weaker since last week. Open interest is 1.5% stronger than yesterday and 12.7% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

<<Not much to garnered from the guts, however with 18% long weak, coinciding with the chart how longs are not confident. Shorts however are also not very confident with 20 % weaker. In summary, mixed to slight Euro bullishness>>

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.35 as nearly 57% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 6.1% higher than yesterday and 25.3% stronger since last week. Short positions are 8.2% higher than yesterday and 55.1% weaker since last week. Open interest is 7.0% stronger than yesterday and 28.6% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

<<Longs still banking with 6% higher and 25 % stronger since last week. Shorts however are growing stronger short term 8% higher but positioning still says no real conviction with 55% weaker>> Bias towards Cable losses, however with short positions growing, has it telling me downside is more a bleed than whoosh. >>

Technically, Cable is still a sell higher up the timeframe, as is Euro however intraday showing signs of correction looming.

-Euchre

no positions.

Disclaimer Trading Currencies involves risk. Any opinion, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice.

According to our dealing data, current positioning in the EURUSD is very close to Parity.

The ratio of long to short positions in the EURUSD stands at -1.04 as nearly 51% of traders are short. Yesterday, the ratio was at -1.09 as 52% of open positions were short. In detail, long positions are 4.7% higher than yesterday and 16.5% weaker since last week. Short positions are 0.1% lower than yesterday and 20.8% weaker since last week. Open interest is 2.2% stronger than yesterday and 12.1% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

Although the currency has received a slight boost over the course of the week, attributed to carry trade liquidation and flight to safety support, the currency is likely to suffer some downside in the coming week.

Check out the full assessment:

http://www.fxcmtr.com/news-and-chart...-heat-map.html

As an update to my recent commentary, I'd like to point out that EURUSD Risk Reversals continued to bounce through the day's trade. Given that they were only recently in very bearish territory, such a continued improvement leaves scope for a short-term EURUSD bounce and I have positioned myself accordingly.

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EURUSD - 51% of retail traders are long EURUSD (long to short ratio is 1.03). . Last week, the ratio was at -1.06 as 51% of open positions were shortWhen retail is short but reduces its exposure, the long term direction remains bullish but the market might have some downside in the short term. The SSI gives us a MEDIUM SIGNAL TO BUY EURUSD.

GBPUSD - 55% of retail traders are long GBPUSD (long to short ratio is 1.21). . Last week, the ratio was at -2.07 as 67% of open positions were shortMoreover, since last week, retail has been aggressively buying GBPUSD (long positions are up by 15.7%). In the past, when retail was long and buying more, the GBPUSD has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL GBPUSD.

USDJPY - 70% of retail traders are long USDJPY (long to short ratio is 2.39). Moreover, since last week, retail has been aggressively buying USDJPY (long positions are up by 0.6%). In the past, when retail was long and buying more, the USDJPY has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDJPY.

USDCHF - 70% of retail traders are long USDCHF (long to short ratio is 2.32). However, since last week, retail has been selling the USDCHF (short positions are up by 43.8%). When retail is long but reduces its exposure, the long term direction remains bearish but the market might have some upside in the short term. The SSI gives us a MEDIUM SIGNAL TO SELL USDCHF.

USDCAD - 76% of retail traders are long USDCAD (long to short ratio is 3.23). Moreover, since last week, retail has been aggressively buying USDCAD (long positions are up by 2.2%). In the past, when retail was long and buying more, the USDCAD has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDCAD.

EURUSD 1.34782 -1.11 47% Bullish
GBPUSD 1.98713 1.12 53% Bearish
USDJPY 115.256 1.83 65% Bearish
USDCHF 1.21042 2.21 69% Bearish
USDCAD 1.05921 3.55 78% Bearish

EURUSD - 53% of retail traders are short EURUSD (long to short ratio is -1.11). However, since last week, retail has been buying the EURUSD (long positions are up by 46.1%). When retail is short but reduces its exposure, the long term direction remains bullish but the market might have some downside in the short term. The SSI gives us a MEDIUM SIGNAL TO BUY EURUSD.

EURUSD 1.35526 -1.37 42% Bullish
GBPUSD 1.99372 1.12 53% Bearish
USDJPY 115.404 1.87 65% Bearish
USDCHF 1.20587 2.33 70% Bearish
USDCAD 1.06010 3.36 77% Bearish

58% of retail traders are short EURUSD (long to short ratio is -1.37). Moreover, since last week, retail has been aggressively selling EURUSD (short positions are up by 10.3%). In the past, when retail was short and selling more, the EURUSD has rallied in the following days. The SSI gives us a STRONG SIGNAL TO BUY EURUSD.

Thursday, 23 August 2007 09:35:34 GMT
Written by John Kicklighter, Currency Analyst
<<Euchre commentary in <<>> >>
EURUSD - The ratio of long to short positions in the EURUSD stands at -1.31 as nearly 57% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 4.2% higher than yesterday and 6.7% weaker since last week. Short positions are 1.9% lower than yesterday and 9.2% stronger since last week. Open interest is 0.7% stronger than yesterday and 7.4% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

<< No extremes or leaning in this, chart calling for limited intraday gains. Monster Daily Resistance exists at 3600 & 3605 (Both 50% fibs) >>

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.17 as nearly 54% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 1.2% higher than yesterday and 19.5% stronger since last week. Short positions are 19.2% higher than yesterday and 50.6% weaker since last week. Open interest is 8.8% stronger than yesterday and 27.4% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

<< Longs adding and shorts adding, says huh??. For now charts moved signif. higher into 2.0056 and 2.0152 solid R. Sentiment mixed in the guts>>

Euchre

no positions

Disclaimer Trading Currencies involves risk. Any opinion, research, analyses, prices, or other information is provided as general market commentary, and does not constitute investment advice.

According to the FXCM dealing desk, the ratio of long to short positions in the EURUSD stands at -1.25 as nearly 56% of traders are short. In detail, long positions are 6.5% higher than yesterday and 4.8% weaker since last week. Short positions are 4.6% lower than yesterday but 6.3% stronger since last week. In the past, when traders were short and selling more, the EURUSD has rallied in the following days and as a result the SSI gives us a STRONG SIGNAL TO BUY EURUSD.

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Thank you both Antonio and Euchre! Good reports. If anything I was surprised the the rise in USDCHF considering the one-sidedness of USD bulls. Seems CHF ended up being 'carried' away?

Looking at options risk reversals, we see that sentiment continues to improve on carry trade longs. USDJPY Risk reversals hit extremes not seen in nearly 10 years (can't know for sure, my data sources don't go far back enough), and have significantly improved since. The continued bounce in said risk reversals leaves scope for continued USDJPY rallies.

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EURUSD 1.36329 -1.54 39% Bullish
GBPUSD 2.00939 1.06 51% Bearish
USDJPY 116.100 1.96 66% Bearish
USDCHF 1.20051 2.61 72% Bearish
USDCAD 1.04976 4.08 80% Bearish

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.54 as nearly 61% of traders are short. Yesterday, the ratio was at -1.27 as 56% of open positions were short. In detail, long positions are 13.0% lower than yesterday and 8.4% weaker since last week. Short positions are 5.5% higher than yesterday and 19.5% stronger since last week. Open interest is 2.7% weaker than yesterday and 10.4% below 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 1.06 as nearly 51% of traders are long. Yesterday, the ratio was at 1.37 as 58% of open positions were long. In detail, long positions are 2.5% lower than yesterday and 15.2% stronger since last week. Short positions are 26.6% higher than yesterday and 47.5% weaker since last week. Open interest is 9.8% stronger than yesterday and 26.8% 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 1.96 as nearly 66% of traders are long. Yesterday, the ratio was at 2.47 as 71% of open positions were long. In detail, long positions are 5.9% higher than yesterday and 6.2% weaker since last week. Short positions are 33.3% higher than yesterday and 3.3% weaker since last week. Open interest is 13.8% stronger than yesterday and 14.0% below 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 2.61 as nearly 72% of traders are long. Yesterday, the ratio was at 2.50 as 71% of open positions were long. In detail, long positions are 25.7% higher than yesterday and 35.0% weaker since last week. Short positions are 20.3% higher than yesterday and 19.1% stronger since last week. Open interest is 24.1% stronger than yesterday and 22.0% 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 4.08 as nearly 80% of traders are long. Yesterday, the ratio was at 3.83 as 79% of open positions were long. In detail, long positions are 5.7% higher than yesterday and 21.9% stronger since last week. Short positions are 1.0% lower than yesterday and 15.1% weaker since last week. Open interest is 4.3% stronger than yesterday and 1.6% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

EURUSD - 64% of retail traders are short EURUSD (long to short ratio is -1.78). Moreover, since last week, retail has been aggressively selling EURUSD (short positions are up by 24.7%). In the past, when retail was short and selling more, the EURUSD has rallied in the following days. The SSI gives us a STRONG SIGNAL TO BUY EURUSD.

GBPUSD - 51% of retail traders are short GBPUSD (long to short ratio is -1.03). However, since last week, retail has been buying the GBPUSD (long positions are up by 10.1%). When retail is short but reduces its exposure, the long term direction remains bullish but the market might have some downside in the short term. The SSI gives us a MEDIUM SIGNAL TO BUY GBPUSD.

USDJPY - 67% of retail traders are long USDJPY (long to short ratio is 2.07). Moreover, since last week, retail has been aggressively buying USDJPY (long positions are up by 5.3%). In the past, when retail was long and buying more, the USDJPY has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDJPY.

USDCHF - 74% of retail traders are long USDCHF (long to short ratio is 2.80). However, since last week, retail has been selling the USDCHF (short positions are up by 35.2%). When retail is long but reduces its exposure, the long term direction remains bearish but the market might have some upside in the short term. The SSI gives us a MEDIUM SIGNAL TO SELL USDCHF.

USDCAD - 81% of retail traders are long USDCAD (long to short ratio is 4.13). Moreover, since last week, retail has been aggressively buying USDCAD (long positions are up by 20.6%). In the past, when retail was long and buying more, the USDCAD has sold off in the following days. The SSI gives us a STRONG SIGNAL TO SELL USDCAD.

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Is there any FXCM SSI Signals that i should be looking for a strategy to approach