Speculative Sentiment Index (SSI) Statistics

EURUSD - The ratio of long to short positions in the EURUSD stands at -2.54 as 28% of traders are long. Yesterday the ratio was -2.64; 27% of open positions were long. Long positions are 5.8% higher than yesterday and 56.5% above levels seen last week. Short positions are 1.6% higher than yesterday and 21.9% below levels seen last week. Open interest is 2.8% higher than yesterday and 12.0% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.




USDJPY - The ratio of long to short positions in the USDJPY stands at 1.92 as 66% of traders are long. Yesterday the ratio was 1.86; 65% of open positions were long. Long positions are 0.9% higher than yesterday and 10.3% below levels seen last week. Short positions are 2.0% lower than yesterday and 14.5% above levels seen last week. Open interest is 0.1% lower than yesterday and 7.5% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower. The trading crowd has grown further net-long from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.