Speculative Sentiment Index (SSI)

SSI: EURUSD Retail Shorts Jump 13.4% as Pair Holds Range

Tuesday, 23 December 2008 10:55:40 GMT

Written by David Song, Currency Analyst

quote ratio %long signal EURUSD 1.39702 -1.23 45% Bullish GBPUSD 1.47959 -1.01 50% Bullish USDJPY 90.129 1.24 55% Bearish USDCHF 1.09065 1.18 54% Bearish USDCAD 1.22233 1.07 52% Bearish AUDUSD 0.68235 1.45 59% Bearish NZDUSD 0.57039 -1.14 47% Bullish EURUSD - The ratio of long to short positions in the EURUSD stands at -1.23 as nearly 55% of traders are short. Yesterday, the ratio was at -1.04 as 51% of open positions were short. In detail, long positions are 4.3% lower than yesterday and 2.6% weaker since last week. Short positions are 13.4% higher than yesterday and 2.0% stronger since last week. Open interest is 4.7% stronger than yesterday and 93.6% 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 -1.01 as nearly 50% of traders are short. Yesterday, the ratio was at -1.05 as 51% of open positions were short. In detail, long positions are 9.9% higher than yesterday and 6.4% stronger since last week. Short positions are 5.3% higher than yesterday and 6.0% stronger since last week. Open interest is 7.5% stronger than yesterday and 110.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains. USDJPY - The ratio of long to short positions in the USDJPY stands at 1.24 as nearly 55% of traders are long. Yesterday, the ratio was at 1.14 as 53% of open positions were long. In detail, long positions are 4.9% higher than yesterday and 23.9% weaker since last week. Short positions are 3.6% lower than yesterday and 1.2% weaker since last week. Open interest is 0.9% stronger than yesterday and 72.3% 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 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at 1.15 as 54% of open positions were long. In detail, long positions are 5.3% higher than yesterday and 10.6% weaker since last week. Short positions are 2.6% higher than yesterday and 7.5% weaker since last week. Open interest is 4.1% stronger than yesterday and 82.0% above 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 1.07 as nearly 52% of traders are long. Yesterday, the ratio was at -1.02 as 51% of open positions were short. In detail, long positions are 4.4% higher than yesterday and 10.9% weaker since last week. Short positions are 4.6% lower than yesterday and 5.1% weaker since last week. Open interest is 0.1% weaker than yesterday and 79.8% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses. AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.45 as nearly 59% of traders are long. Yesterday, the ratio was at 1.31 as 57% of open positions were long. In detail, long positions are 7.3% higher than yesterday and 8.6% weaker since last week. Short positions are 3.6% lower than yesterday and 22.6% weaker since last week. Open interest is 2.6% stronger than yesterday and 92.8% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses. NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.14 as nearly 53% of traders are short. Yesterday, the ratio was at -1.21 as 55% of open positions were short. In detail, long positions are 17.7% higher than yesterday and 34.2% weaker since last week. Short positions are 10.7% higher than yesterday and 29.1% weaker since last week. Open interest is 13.9% stronger than yesterday and 69.5% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.