Thank you, Antonio
That was a very good explanation of the SSI indicator.

I just read recently on the Elliott Wave site that the COT is indicative of market movement about 80% in terms of being accurate, which is a really strong correlation, as far as indicators go.

Richard,
We have a forum devoted specifically to GBPJPY here: http://www.learncurrencytrading.com/...play.php?f=129

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.35 as nearly 57% of traders are long. Yesterday, the ratio was at 1.33 as 57% of open positions were long. In detail, long positions are 4.1% higher than yesterday and 12.5% weaker since last week. Short positions are 3.3% higher than yesterday and 36.2% stronger since last week. Open interest is 3.7% stronger than yesterday and 8.9% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

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 1.07 as 52% of open positions were long. In detail, long positions are 0.8% lower than yesterday and 46.0% stronger since last week. Short positions are 7.2% higher than yesterday and 5.2% weaker since last week. Open interest is 3.1% stronger than yesterday and 11.9% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.51 as nearly 60% of traders are short. Yesterday, the ratio was at -1.40 as 58% of open positions were short. In detail, long positions are 2.3% lower than yesterday and 20.6% weaker since last week. Short positions are 5.2% higher than yesterday and 33.5% stronger since last week. Open interest is 2.1% stronger than yesterday and 8.9% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

Exchange rates volatility remains awfully high and as a result of increasing uncertainty traders preferred to stay away from holding positions in high yielders. In fact, last week the DailyFX Dynamic Carry Trade Basket was down by nearly 153 pips. The biggest losses were taken in the long position we held in the Sterling against the U.S. dollar (-205 pips) and in the long position we took in the Australian dollar (-91 pips). On the other hand, the only profitable trade we had was the long position we held in the New Zealand dollar with 117 pips gain. Looking ahead, the outlook for carry trades is bullish. The Federal Reserve is likely to cut the fed funds overnight rate by at least 25 bps when the FOMC holds its meeting during this week and we believe the rate cut is likely trigger a major rally in the U.S. stock market and help all classes of risky assets, including carry trades. Good luck with your trading for the week ahead!

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USDJPY - The ratio of long to short positions in the USDJPY stands at 1.40 as nearly 58% of traders are long. Yesterday, the ratio was at 1.33 as 57% of open positions were long. In detail, long positions are 7.2% higher than yesterday and 10.0% weaker since last week. Short positions are 2.1% higher than yesterday and 34.7% stronger since last week. Open interest is 5.0% stronger than yesterday and 10.2% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.


NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.44 as nearly 59% of traders are short. Yesterday, the ratio was at -1.40 as 58% of open positions were short. In detail, long positions are 5.3% higher than yesterday and 14.4% weaker since last week. Short positions are 8.6% higher than yesterday and 37.8% stronger since last week. Open interest is 7.2% stronger than yesterday and 14.1% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

Amazing that gbp/jpy and eur/jpy & $/jpy are actually being taken to the wood shed and Cable/$ and Eur/$ are "holding there own".


Does it "move" into Aussie / Asia time ?

Euchre

Well, if recent trends are of any indication, we may see further JPY gains into the Asia session. As it stands--wow. The Yen has gained against every liquidly traded currency on the face of the planet.

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Nope! Helicopter Ben to the rescue, this time recruiting help from Air Drop Trichet and Quick Draw Dodge!

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.55 as nearly 61% of traders are short. Yesterday, the ratio was at -1.40 as 58% of open positions were short. In detail, long positions are 5.7% higher than yesterday and 14.1% weaker since last week. Short positions are 17.1% higher than yesterday and 48.6% stronger since last week. Open interest is 12.4% stronger than yesterday and 19.2% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.04 as nearly 51% of traders are long. Yesterday, the ratio was at 1.07 as 52% of open positions were long. In detail, long positions are 1.5% higher than yesterday and 49.3% stronger since last week. Short positions are 5.0% higher than yesterday and 7.2% weaker since last week. Open interest is 3.2% stronger than yesterday and 12.0% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.38 as nearly 58% of traders are long. Yesterday, the ratio was at 1.33 as 57% of open positions were long. In detail, long positions are 1.6% higher than yesterday and 14.6% weaker since last week. Short positions are 1.6% lower than yesterday and 29.9% stronger since last week. Open interest is 0.2% stronger than yesterday and 5.4% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.


Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

GBP/JPY Positioning

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.03 as nearly 51% of traders are long. Yesterday, the ratio was at 1.07 as 52% of open positions were long. In detail, long positions are 4.2% higher than yesterday and 53.3% stronger since last week. Short positions are 8.5% higher than yesterday and 4.1% weaker since last week. Open interest is 6.2% stronger than yesterday and 15.2% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.35 as nearly 57% of traders are long. Yesterday, the ratio was at 1.33 as 57% of open positions were long. In detail, long positions are 3.4% higher than yesterday and 13.1% weaker since last week. Short positions are 2.3% higher than yesterday and 35.0% stronger since last week. Open interest is 2.9% stronger than yesterday and 8.1% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.


Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/special...140917987.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.28 as nearly 56% of traders are long. Yesterday, the ratio was at 1.33 as 57% of open positions were long. In detail, long positions are 1.2% lower than yesterday and 17.0% weaker since last week. Short positions are 2.9% higher than yesterday and 35.8% stronger since last week. Open interest is 0.6% stronger than yesterday and 5.7% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.47 as nearly 60% of traders are long. Yesterday, the ratio was at 1.07 as 52% of open positions were long. In detail, long positions are 21.4% higher than yesterday and 78.6% stronger since last week. Short positions are 11.3% lower than yesterday and 21.5% weaker since last week. Open interest is 5.7% stronger than yesterday and 14.6% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.38 as nearly 58% of traders are long. Yesterday, the ratio was at 1.28 as 56% of open positions were long. In detail, long positions are 6.1% higher than yesterday and 0.4% stronger since last week. Short positions are 1.8% lower than yesterday and 9.6% stronger since last week. Open interest is 2.7% stronger than yesterday and 7.3% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.


NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.03 as nearly 51% of traders are short. Yesterday, the ratio was at -1.02 as 50% of open positions were short. In detail, long positions are 1.5% lower than yesterday and 10.9% weaker since last week. Short positions are 0.6% lower than yesterday and 15.5% stronger since last week. Open interest is 1.1% weaker than yesterday and 2.9% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.



Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/special...140917987.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

Last week, the U.S. dollar made a sharp recovery against the world’s most heavily traded currencies on news that the Federal Reserve, the Bank of Canada, the Bank of England, the European Central Bank, and the Swiss National Bank were adopting several measures intended to address pressures in short-term lending markets. By injecting short term funds through a broader range of counterparties and against a broader range of collateral than open market operations, Central Banks hope to promote the efficient dissemination of liquidity when the unsecured interbank markets are under stress. However, this was not good news for the performance of our portfolio since we held several currency positions against the U.S. dollar. In fact, over the last week the DailyFX Dynamic Carry Trade Basket was down by nearly 810 pips. The biggest losses were taken in the long position we held in the Sterling against the U.S. dollar (-295 pips), in the long position we took in the Australian dollar (-263 pips) and in the long position we held in the New Zealand dollar.

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USDJPY - The ratio of long to short positions in the USDJPY stands at 1.19 as nearly 54% of traders are long. Yesterday, the ratio was at 1.28 as 56% of open positions were long. In detail, long positions are 5.2% higher than yesterday and 0.5% weaker since last week. Short positions are 12.9% higher than yesterday and 25.9% stronger since last week. Open interest is 8.6% stronger than yesterday and 13.1% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.52 as nearly 60% of traders are long. Yesterday, the ratio was at 1.45 as 59% of open positions were long. In detail, long positions are 7.8% higher than yesterday and 80.5% stronger since last week. Short positions are 2.9% higher than yesterday and 7.4% weaker since last week. Open interest is 5.8% stronger than yesterday and 20.0% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.



NZDUSD - The ratio of long to short positions in the NZDUSD stands at 1.03 as nearly 51% of traders are long. Yesterday, the ratio was at -1.02 as 50% of open positions were short. In detail, long positions are 2.5% higher than yesterday and 7.3% weaker since last week. Short positions are 2.4% lower than yesterday and 13.4% stronger since last week. Open interest is 0.0% weaker than yesterday and 1.8% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/special...140917987.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 1.31 as nearly 57% of traders are long. Yesterday, the ratio was at -1.02 as 50% of open positions were short. In detail, long positions are 31.0% higher than yesterday and 18.5% stronger since last week. Short positions are 1.8% lower than yesterday and 14.1% stronger since last week. Open interest is 14.4% stronger than yesterday and 11.6% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.


USDJPY - The ratio of long to short positions in the USDJPY stands at 1.32 as nearly 57% of traders are long. Yesterday, the ratio was at 1.28 as 56% of open positions were long. In detail, long positions are 5.5% higher than yesterday and 0.2% weaker since last week. Short positions are 1.9% higher than yesterday and 13.6% stronger since last week. Open interest is 3.9% stronger than yesterday and 8.5% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.


Source: FXCM Execution Desk

For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/strateg...353412325.html

For information on an FXCM Managed Fund that takes advantage of the SSI, please review our Sentiment Fund at: http://www.fxcmmanagedfunds.com/ or call +1 646-432-2968.