Go Back   DailyFX Forex Forum | FX Forum
Reload this Page Sidebar Wrapper

Thread: Discuss the GBP/USD with a DailyFX Analyst
View Single Post
  #1511 (permalink)  
Old 12-04-2007, 06:28 AM
Euchre Euchre is offline
Member
  
Join Date: Oct 2005
Posts: 160
Euchre is on a distinguished road
Send a message via AIM to Euchre Send a message via Yahoo to Euchre
SSI Review..
< >>

Comparison from Monday and Today

//monday

SSI: EUR/USD Positioning is Close to Parity

Monday, 03 December 2007 18:17:46 GMT
Written by Antonio Sousa, Quantitative Strategies Analyst


GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.25 as nearly 56% of traders are short. Yesterday, the ratio was at -1.15 as 54% of open positions were short. In detail, long positions are 3.3% higher than yesterday and 76.2% stronger since last week. Short positions are 12.3% higher than yesterday and 29.2% weaker since last week. Open interest is 8.1% stronger than yesterday and 7.2% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

<< Longs getting longer 76% bump. Shorts growing S/T but not bldg positions up 21% down 29% Bias mixed.>>


//tuesday


SSI: Sterling Short Positions Jump 20.6% From Yesterday

Tuesday, 04 December 2007 09:23:46 GMT
Written by Terri Belkas, Currency Analyst


GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.26 as nearly 56% of traders are short. Yesterday, the ratio was at -1.15 as 54% of open positions were short. In detail, long positions are 10.0% higher than yesterday and 87.6% stronger since last week. Short positions are 20.6% higher than yesterday and 24.0% weaker since last week. Open interest is 15.7% stronger than yesterday and 14.3% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

<< Longs up 10% continuing to feel that buying pb's is the way to go and went from 76 % yesterday to 88% today on growing longs = bearish cable. Shorts from+12 to +20%, but again short term, down 24% since last week. Reading this also mixed however the compelling # I see isthe growing long positioning up 88% while shorts are only speculating S/T. >>

With event risk looming SSI, is this less reliable??

Euchre

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.
Reply With Quote
 


Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All times are GMT -5. The time now is 08:29 PM.
Copyright ©2009 Daily FX. All Rights Reserved.