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The ratio seems to be basically pointless. The spin is clear, wow 55% are short so that means 45% are long a tie in my book . What is key is the "leaning" . Long pos'n 2% higher and 41% stronger since last week, telling me people want to buy pb's. Shorts have no conviction so contrarily speaking , short is where you should be. My daily says she needs to revist
3390 before a bounce can occur.

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.24 as nearly 55% of traders is short. Yesterday, the ratio was at -1.21 as 55% of open positions were short. In detail, long positions are 1.9% higher than yesterday and 41.2% stronger since last week. Short positions are 4.4% higher than yesterday and 7.2% weaker since last week. Open interest is 3.3% stronger than yesterday and 2.3% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.


Cable same thing 60% short 40% long not extreme by any measure, now the 41% stronger shorts has me seeing long opp's, as 6hr has turned but daily R is strong. Will post Cable comment separately.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.47 as nearly 60% of traders is short. Yesterday, the ratio was at -1.53 as 61% of open positions were short. In detail, long positions are 3.1% higher than yesterday and 17.8% weaker since last week. Short positions are 1.3% lower than yesterday and 41.3% stronger since last week. Open interest is 0.4% stronger than yesterday and 6.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

Euchre

Jamie - thoughts??

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