I agree, following the changes and the specifics of the number is much better than following the headline.

EURUSD 1.43774 -1.18 46% Bullish
GBPUSD 2.01921 1.24 55% Bearish
USDJPY 113.154 1.38 58% Bearish
USDCHF 1.15168 1.12 53% Bearish
USDCAD 1.00706 2.70 73% Bearish
AUDUSD 0.85746 1.60 61% Bearish
NZDUSD 0.75375 -1.03 49% Bullish

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.70 as nearly 73% of traders are long. Yesterday, the ratio was at 2.26 as 69% of open positions were long. In detail, long positions are 11.8% higher than yesterday and 20.7% stronger since last week. Short positions are 6.2% lower than yesterday and 19.1% weaker since last week. Open interest is 6.3% stronger than yesterday and 7.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

quote ratio %long signal
EURUSD 1.43968 -1.48 40% Bullish
GBPUSD 2.01320 1.34 57% Bearish
USDJPY 113.491 1.22 55% Bearish
USDCHF 1.15172 1.34 57% Bearish
USDCAD 1.01012 2.41 71% Bearish
AUDUSD 0.86086 1.73 63% Bearish
NZDUSD 0.75532 1.01 50% Bearish


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.
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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.

SSI: EURUSD Short positions Fall More Than 7 Percent

Currency pair Quote Ratio L/S % Long Signal
EURUSD 1.43556 -1.07 48% Bullish
GBPUSD 1.99571 1.48 60% Bearish
USDJPY 113.393 1.32 57% Bearish
USDCHF 1.15586 1.03 51% Bearish
USDCAD 1.00514 2.28 69% Bearish
AUDUSD 0.85815 1.63 62% Bearish
NZDUSD 0.75558 1.31 57% Bearish

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.07 as nearly 52% of traders are short. Yesterday, the ratio was at -1.12 as 53% of open positions were short. In detail, long positions are 2.9% lower than yesterday and 21.3% stronger since last week. Short positions are 7.4% lower than yesterday and 20.4% weaker since last week. Open interest is 5.3% weaker than yesterday and 2.8% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

Currency pair Quote Ratio L/S % Long Signal
EURUSD 1.43808 -1.03 49% Bullish
GBPUSD 1.98680 1.37 58% Bearish
USDJPY 113.695 1.27 56% Bearish
USDCHF 1.15429 -1.09 48% Bullish
USDCAD 0.99824 2.05 67% Bearish
AUDUSD 0.86730 1.62 62% Bearish
NZDUSD 0.76645 -1.04 49% Bullish



USDCHF - The ratio of long to short positions in the USDCHF stands at -1.09 as nearly 52% of traders are short. Yesterday, the ratio was at 1.12 as 53% of open positions were long. In detail, long positions are 2.0% higher than yesterday and 28.3% weaker since last week. Short positions are 25.0% higher than yesterday and 27.2% stronger since last week. Open interest is 12.8% stronger than yesterday and 0.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.


Source: FXCM Execution Desk, Sample Size: 25000 Traders

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.

Pair Quote Ratio % Long Signal
EURUSD 1.4402 -1.14 47% Bullish
GBPUSD 1.9764 1.51 60% Bearish
USDJPY 114.423 1.32 57% Bearish
USDCHF 1.1570 -1.07 48% Bullish
USDCAD 0.9848 2.07 67% Bearish
AUDUSD 0.8707 1.62 62% Bearish
NZDUSD 0.7667 -1.13 47% Bullish


GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.51 as nearly 60% of traders are long. Yesterday, the ratio was at 1.55 as 61% of open positions were long. In detail, long positions are 0.3% higher than yesterday and 65.8% stronger since last week. Short positions are 3.5% higher than yesterday and 19.2% weaker since last week. Open interest is 1.6% stronger than yesterday and 10.8% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.


Source: FXCM Execution Desk, Sample Size: 25000 Traders

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.

SSI: Contrarian Traders Target 1.50 on the EUR/USD

Currency pair Quote Ratio L/S % Long Signal
EURUSD 1.47361 -1.68 37% Bullish
GBPUSD 1.98160 1.42 59% Bearish
USDJPY 109.240 1.66 62% Bearish
USDCHF 1.11485 1.11 53% Bearish
USDCAD 0.99093 2.21 69% Bearish
AUDUSD 0.88057 1.87 65% Bearish
NZDUSD 0.77208 -1.21 45% Bullish

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.00 as nearly 50% of traders are long. Yesterday, the ratio was at 1.05 as 51% of open positions were long. In detail, long positions are 1.1% lower than yesterday and 4.4% stronger since last week. Short positions are 3.6% higher than yesterday and 6.5% weaker since last week. Open interest is 1.2% stronger than yesterday and 0.0% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses.

So which is it?

FXCM SSI: Swiss Franc Open Positions Rise Nearly 18 Percent

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.77 as nearly 64% of traders are short. Yesterday, the ratio was at -2.21 as 69% of open positions were short. In detail, long positions are 28.0% higher than yesterday and 16.4% stronger since last week. Short positions are 2.9% higher than yesterday and 15.8% stronger since last week. Open interest is 10.7% stronger than yesterday and 16.0% 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 1.47 as nearly 60% of traders are long. Yesterday, the ratio was at 1.49 as 60% of open positions were long. In detail, long positions are 5.3% higher than yesterday and 16.9% stronger since last week. Short positions are 6.3% higher than yesterday and 14.7% weaker since last week. Open interest is 5.7% stronger than yesterday and 11.9% 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 1.92 as nearly 66% of traders are long. Yesterday, the ratio was at 1.83 as 65% of open positions were long. In detail, long positions are 18.3% higher than yesterday and 23.2% stronger since last week. Short positions are 13.1% higher than yesterday and 14.2% weaker since last week. Open interest is 16.5% stronger than yesterday and 10.0% 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 1.38 as nearly 58% of traders are long. Yesterday, the ratio was at 1.36 as 58% of open positions were long. In detail, long positions are 18.3% higher than yesterday and 6.3% stronger since last week. Short positions are 16.6% higher than yesterday and 13.3% stronger since last week. Open interest is 17.5% stronger than yesterday and 8.1% 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 1.74 as nearly 64% of traders are long. Yesterday, the ratio was at 2.14 as 68% of open positions were long. In detail, long positions are 8.3% lower than yesterday and 5.2% weaker since last week. Short positions are 12.4% higher than yesterday and 3.0% stronger since last week. Open interest is 1.7% weaker than yesterday and 7.0% below 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 1.58 as nearly 61% of traders are long. Yesterday, the ratio was at 1.61 as 62% of open positions were long. In detail, long positions are 9.6% higher than yesterday and 3.3% stronger since last week. Short positions are 11.6% higher than yesterday and 15.6% stronger since last week. Open interest is 10.4% stronger than yesterday and 32.4% 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 -1.52 as nearly 60% of traders are short. Yesterday, the ratio was at -1.30 as 57% of open positions were short. In detail, long positions are 4.8% higher than yesterday and 19.3% weaker since last week. Short positions are 21.9% higher than yesterday and 12.6% weaker since last week. Open interest is 14.5% stronger than yesterday and 7.6% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.


Source: FXCM Execution Desk

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

quote ratio %long signal
EURUSD 1.48770 -1.59 39% Bullish
GBPUSD 1.95811 1.61 62% Bearish
USDJPY 108.089 1.72 63% Bearish
USDCHF 1.09234 1.37 58% Bearish
USDCAD 1.01932 1.98 66% Bearish
AUDUSD 0.89675 1.49 60% Bearish
NZDUSD 0.78838 -1.61 38% Bullish


EURUSD - The ratio of long to short positions in the EURUSD stands at -1.59 as nearly 61% of traders are short. Yesterday, the ratio was at -1.91 as 66% of open positions were short. In detail, long positions are 22.2% higher than yesterday and 6.0% stronger since last week. Short positions are 1.6% higher than yesterday and 19.4% stronger since last week. Open interest is 8.7% stronger than yesterday and 13.2% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

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

quote ratio %long signal
EURUSD 1.48492 -1.57 39% Bullish
GBPUSD 1.96707 1.43 59% Bearish
USDJPY 107.008 1.74 63% Bearish
USDCHF 1.09078 1.33 57% Bearish
USDCAD 1.01716 1.91 66% Bearish
AUDUSD 0.88820 1.73 63% Bearish
NZDUSD 0.78114 -1.39 42% Bullish


EURUSD - The ratio of long to short positions in the EURUSD stands at -1.57 as nearly 61% of traders are short. Yesterday, the ratio was at -1.70 as 63% of open positions were short. In detail, long positions are 11.4% higher than yesterday and 5.8% stronger since last week. Short positions are 3.1% higher than yesterday and 1.2% stronger since last week. Open interest is 6.2% stronger than yesterday and 13.2% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

Source: FXCM Execution Desk

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

can mr souza explain what this means with a couple of examples? in terms of my daily swing trading?
i confess, i am at sea here

can mr souza explain what this means with a couple of examples? in terms of my daily swing trading?
i confess, i am at sea here.
thanks hypnos63

Antonio,

In your December article, "Interest Rate outlook for 2008", you opened with the following statement:

"Changes in interest rate expectations have been the main force behind many trends in the currency market. However, since interest rate expectations are both difficult to obtain and hard to measure, many traders prefer to stay away from them."

The article went on to say that traders should examine LIBOR rates as a gauge of market expectations and my question is, can you point me to an article or a book that suggests a strategy on how to incorporate LIBOR rates into a trading strategy. For someone like me who trades USD/JPY exclusively, should I be monitoring the spread between Eurodollar/Euroyen, and if so, should I do so daily or weekly? Also, are LIBOR rates a more accurate gauge than say, 10yr Treasury Note futures?

Thanks for your question. Let me know if the example posted below helps you to have a better picture of the SSI.

Attached Images