FXCM SSI: Contrarian Traders Sell GBPUSD Ahead of the FOMC

        quote
        ratio
        %long
        signal
           EURUSD
        1.38658
        -2.17
        32%
        Bullish
           GBPUSD
        1.99514
        1.26
        56%
        Bearish
           USDJPY
        115.125
        1.59
        61%
        Bearish
           USDCHF
        1.18751
        3.16
        76%
        Bearish
           USDCAD
        1.02940
        4.41
        82%
        Bearish

EURUSD - The ratio of long to short positions in the EURUSD stands at -2.17 as nearly 68% of traders are short. Yesterday, the ratio was at -2.46 as 71% of open positions were short. In detail, long positions are 12.2% higher than yesterday and 10.6% stronger since last week. Short positions are 0.8% lower than yesterday and 10.6% stronger since last week. Open interest is 2.9% stronger than yesterday and 9.8% 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 1.26 as nearly 56% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 5.4% higher than yesterday and 1.6% stronger since last week. Short positions are 0.9% lower than yesterday and 10.9% stronger since last week. Open interest is 2.5% stronger than yesterday and 15.8% below 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 1.59 as nearly 61% of traders are long. Yesterday, the ratio was at 1.56 as 61% of open positions were long. In detail, long positions are 3.1% higher than yesterday and 16.8% stronger since last week. Short positions are 1.2% higher than yesterday and 81.6% stronger since last week. Open interest is 2.3% stronger than yesterday and 18.7% 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 3.16 as nearly 76% of traders are long. Yesterday, the ratio was at 2.91 as 74% of open positions were long. In detail, long positions are 0.7% lower than yesterday and 33.4% stronger since last week. Short positions are 8.5% lower than yesterday and 5.4% stronger since last week. Open interest is 2.7% weaker than yesterday and 3.2% below 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 4.41 as nearly 82% of traders are long. Yesterday, the ratio was at 4.98 as 83% of open positions were long. In detail, long positions are 2.1% lower than yesterday and 28.4% stronger since last week. Short positions are 10.6% higher than yesterday and 15.7% stronger since last week. Open interest is 0.1% stronger than yesterday and 22.7% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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