FXCM SSI: EURUSD Positioning Grows Very Extreme, Top May be Near

Currency Rate Ratio %long Signal EURUSD 1.3633 -2.85 26% Bullish GBPUSD 1.9984 -2.36 30% Bullish USDJPY 119.36 -1.35 42% Bullish USDCHF 1.205 3.31 77% Bearish USDCAD 1.1171 4.89 83% Bearish EURUSD - The ratio of longs to shorts is -2.88 as 74.2% of the currently open orders are short. Long orders are 7.3% lower than yesterday and 61.7% weaker since last week. Short orders are 0.5% lower than yesterday and 30.2% weaker since last week. Open interest is 2.3% weaker than yesterday and 36.9% below its monthly average. Looking ahead, the SSI signals EURUSD strength.
GBPUSD - The ratio of longs to shorts is -2.36 as 70.3% of the currently open orders are short. Long orders are 23.0% lower than yesterday and 69.3% weaker since last week. Short orders are 10.3% higher than yesterday and 48.8% weaker since last week. Open interest is 2.3% weaker than yesterday and 50.9% below its monthly average. Looking ahead, the SSI signals GBPUSD strength.
USDJPY - The ratio of longs to shorts is -1.35 as 57.5% of the currently open orders are short. Long orders are 0.5% higher than yesterday and 60.4% weaker since last week. Short orders are 6.6% lower than yesterday and 51.1% weaker since last week. Open interest is 3.7% weaker than yesterday and 53.6% below its monthly average. Looking ahead, the SSI signals USDJPY strength.
USDCHF - The ratio of longs to shorts is 3.31 as 76.8% of the currently open orders are long. Long orders are 1.3% higher than yesterday and 52.1% weaker since last week. Short orders are 2.0% higher than yesterday and 71.7% weaker since last week. Open interest is 1.5% stronger than yesterday and 53.7% below its monthly average. Looking ahead, the SSI signals USDCHF weakness.
USDCAD - The ratio of longs to shorts is 4.89 as 83.0% of the currently open orders are long. Long orders are 0.8% higher than yesterday and 20.5% weaker since last week. Short orders are 0.4% lower than yesterday and 76.3% weaker since last week. Open interest is 0.6% stronger than yesterday and 36.7% below its monthly average. Looking ahead, the SSI signals USDCAD weakness.