FXCM SSI: EURUSD Positioning Grows More Extreme as Long Orders Drop

Currency Rate Ratio %long Signal EURUSD 1.3563 -1.79 36% Bullish GBPUSD 1.9988 -1.22 45% Bullish USDJPY 118.78 -1.56 39% Bullish USDCHF 1.2069 1.28 56% Bearish USDCAD 1.1202 1.3 56% Bearish EURUSD - The ratio of longs to shorts is -1.79 as 64.2% of the currently open orders are short. Long orders are 10.9% lower than yesterday and 14.8% weaker since last week. Short orders are 5.5% lower than yesterday and 10.1% weaker since last week. Open interest is 7.5% weaker than yesterday and 17.3% below its monthly average. Looking ahead, the SSI signals EURUSD strength.
GBPUSD - The ratio of longs to shorts is -1.22 as 55.0% of the currently open orders are short. Long orders are 8.3% lower than yesterday and 1.2% weaker since last week. Short orders are 2.2% higher than yesterday and 12.7% weaker since last week. Open interest is 2.8% weaker than yesterday and 1.5% below its monthly average. Looking ahead, the SSI signals GBPUSD strength.
USDJPY - The ratio of longs to shorts is -1.56 as 61.0% of the currently open orders are short. Long orders are 3.6% higher than yesterday and 1.9% stronger since last week. Short orders are 4.6% higher than yesterday and 21.1% stronger since last week. Open interest is 4.2% stronger than yesterday and 10.8% below its monthly average. Looking ahead, the SSI signals USDJPY strength.
USDCHF - The ratio of longs to shorts is 1.28 as 56.2% of the currently open orders are long. Long orders are 4.7% higher than yesterday and 23.4% weaker since last week. Short orders are 10.3% higher than yesterday and 36.1% stronger since last week. Open interest is 7.1% stronger than yesterday and 9.7% below its monthly average. Looking ahead, the SSI signals USDCHF weakness.
USDCAD - The ratio of longs to shorts is 1.30 as 56.5% of the currently open orders are long. Long orders are 1.7% lower than yesterday and 6.0% stronger since last week. Short orders are 2.8% higher than yesterday and 21.4% stronger since last week. Open interest is 0.2% stronger than yesterday and 11.4% above its monthly average. Looking ahead, the SSI signals USDCAD weakness.