SSI: USDCHF is the Only Pair in which Retail Traders have Increased Their Long Dollar Exposure
Wednesday, 10 Feb 2010 18:51 GMT
Written by John Kicklighter
FXCM Speculative Sentiment Index (SSI) Statistics:
SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at -1.01 as nearly 50% of traders are short. Yesterday, the ratio was at -1.12 as 53% of open positions were short. In detail, long positions are 8.5% higher than yesterday and 26.9% weaker since last week. Short positions are 2.6% lower than yesterday and 14.2% stronger since last week. Open interest is 2.7% stronger than yesterday and 1.5% 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 1.99 as nearly 67% of traders are long. Yesterday, the ratio was at 1.57 as 61% of open positions were long. In detail, long positions are 15.1% higher than yesterday and 3.4% weaker since last week. Short positions are 9.2% lower than yesterday and 3.7% weaker since last week. Open interest is 5.6% stronger than yesterday and 1.7% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
GBPJPY - The ratio of long to short positions in the GBPJPY stands at 1.72 as nearly 63% of traders are long. Yesterday, the ratio was at 1.65 as 62% of open positions were long. In detail, long positions are 14.0% higher than yesterday and 11.4% stronger since last week. Short positions are 9.4% higher than yesterday and 12.5% weaker since last week. Open interest is 12.3% stronger than yesterday and 14.2% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.
USDJPY - The ratio of long to short positions in the USDJPY stands at 1.58 as nearly 61% of traders are long. Yesterday, the ratio was at 1.73 as 63% of open positions were long. In detail, long positions are 4.1% lower than yesterday and 2.4% stronger since last week. Short positions are 5.5% higher than yesterday and 9.1% weaker since last week. Open interest is 0.6% weaker than yesterday and 5.6% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
USDCAD - The ratio of long to short positions in the USDCAD stands at 1.26 as nearly 56% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 3.4% lower than yesterday and 1.8% weaker since last week. Short positions are 4.8% higher than yesterday and 22.3% weaker since last week. Open interest is 0.1% stronger than yesterday and 8.1% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.
USDCHF - The ratio of long to short positions in the USDCHF stands at 2.93 as nearly 75% of traders are long. Yesterday, the ratio was at 2.06 as 67% of open positions were long. In detail, long positions are 39.5% higher than yesterday and 116.2% stronger since last week. Short positions are 2.3% lower than yesterday and 31.1% weaker since last week. Open interest is 25.8% stronger than yesterday and 36.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.10 as nearly 52% of traders are short. Yesterday, the ratio was at -1.23 as 55% of open positions were short. In detail, long positions are 4.2% higher than yesterday and 12.5% weaker since last week. Short positions are 6.7% lower than yesterday and 27.3% stronger since last week. Open interest is 1.8% weaker than yesterday and 7.8% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.
NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.21 as nearly 55% of traders are short. Yesterday, the ratio was at 1.01 as 50% of open positions were long. In detail, long positions are 0.4% higher than yesterday and 31.8% weaker since last week. Short positions are 22.5% higher than yesterday and 31.6% stronger since last week. Open interest is 11.4% stronger than yesterday and 1.7% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.
[EDIT]
Okay, as expected, this morning's reading shows that retail traders have been shorting like mad:
AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.62 as nearly 62% of traders are short. Yesterday, the ratio was at -1.09 as 52% of open positions were short. In detail, long positions are 19.3% lower than yesterday and 35.7% weaker since last week. Short positions are 19.9% higher than yesterday and 91.1% stronger since last week. Open interest is 1.1% stronger than yesterday and 7.7% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.
Nothing worth having is easy.