EURUSD - Short Positions in the euro Are Up By Nearly 16 Percent

GBPUSD - Sterling Retail Positioning Flips to Net Short

USDJPY - Positions Outstanding Grows By Almost 5 Percent

USDCHF - Swiss Franc Open Interest Falls 2.5 Percent on Profit Taking

USDCAD - About 81 Percent of Retail Traders Are Holding Long Positions in the USDCAD

[B]How to Interpret the SSI?[/B] The FXCM SSI is based on proprietary customer flow information and is designed to recognize price trend breaks and reversals in the four most popularly traded currency pairs. The absolute number of the ratio itself represents the amount by which longs exceed shorts or vice versa. For example if the EURUSD ratio is 2.55, long customer orders exceed short orders by a ratio of 2.55 to 1. Conceptually similar to contrarian analyses using the CFTC IMM open position data or COT Report, the SSI provides an alternative approach that is both more timely and accurate in forecasting currency price movement. The SSI is a contrarian indicator that tells you how the market is weighted and where the trend may head. More long positions donâ€™t necessary suggest more confidence in the direction of the current trend. In general, when traders start having adverse movements against their position, many tend to increase the size of their position with the purpose to average down their entry price in one last attempt to recover from previous losses. However, the higher the number of short orders in a bull market the more dangerous is to take additional shorts because many of those traders who just entered the markets are also leaving their protective stop losses just above the current price action.

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.39 as nearly 58% of traders are short. Yesterday, the ratio was at -1.51 as 60% of open positions were short. In detail, long positions are 7.0% higher than yesterday and 18.3% weaker since last week. Short positions are 2.1% lower than yesterday and 15.6% stronger since last week. Open interest is 1.5% stronger than yesterday and 5.3% 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 -1.78 as nearly 64% of traders are short. Yesterday, the ratio was at -1.81 as 64% of open positions were short. In detail, long positions are 4.2% higher than yesterday and 33.6% weaker since last week. Short positions are 3.0% higher than yesterday and 61.5% stronger since last week. Open interest is 3.4% stronger than yesterday and 9.7% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains

USDCHF - The ratio of long to short positions in the USDCHF stands at 1.78 as nearly 64% of traders are long. Yesterday, the ratio was at 1.84 as 65% of open positions were long. In detail, long positions are 4.9% lower than yesterday and 13.5% stronger since last week. Short positions are 2.1% lower than yesterday and 22.6% weaker since last week. Open interest is 3.9% weaker than yesterday and 2.6% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at -1.70 as nearly 63% of traders are short. Yesterday, the ratio was at -1.60 as 61% of open positions were short. In detail, long positions are 4.9% lower than yesterday and 11.9% stronger since last week. Short positions are 1.4% higher than yesterday and 0.9% stronger since last week. Open interest is 1.0% weaker than yesterday and 6.9% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at 4.04 as nearly 80% of traders are long. Yesterday, the ratio was at 4.48 as 82% of open positions were long. In detail, long positions are 1.9% lower than yesterday and 0.1% weaker since last week. Short positions are 8.9% higher than yesterday and 5.9% weaker since last week. Open interest is 0.1% stronger than yesterday and 1.7% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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