FXCM SSI: Traders are Long US dollars ahead of the Fed Rate Decision

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        quote
        ratio
        %long
        signal
           EURUSD
        1.38739
        -2.28
        30%
        Bullish
           GBPUSD
        1.99821
        1.14
        53%
        Bearish
           USDJPY
        115.749
        1.50
        60%
        Bearish
           USDCHF
        1.18825
        2.92
        74%
        Bearish
           USDCAD
        1.02322
        4.90
        83%
        Bearish

EURUSD - The ratio of long to short positions in the EURUSD stands at -2.28 as nearly 70% of traders are short. Yesterday, the ratio was at -2.26 as 69% of open positions were short. In detail, long positions are 4.3% lower than yesterday and 21.6% stronger since last week. Short positions are 3.2% lower than yesterday and 6.9% weaker since last week. Open interest is 3.6% weaker than yesterday and 5.0% 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 1.14 as nearly 53% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 1.2% higher than yesterday and 2.5% weaker since last week. Short positions are 4.7% higher than yesterday and 17.1% stronger since last week. Open interest is 2.8% stronger than yesterday and 15.6% 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 1.50 as nearly 60% of traders are long. Yesterday, the ratio was at 1.56 as 61% of open positions were long. In detail, long positions are 2.3% lower than yesterday and 10.7% stronger since last week. Short positions are 1.6% higher than yesterday and 82.4% stronger since last week. Open interest is 0.8% weaker than yesterday and 15.3% 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 2.92 as nearly 74% of traders are long. Yesterday, the ratio was at 2.91 as 74% of open positions were long. In detail, long positions are 2.5% lower than yesterday and 31.0% stronger since last week. Short positions are 2.5% lower than yesterday and 12.2% stronger since last week. Open interest is 2.5% weaker than yesterday and 3.0% 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 4.90 as nearly 83% of traders are long. Yesterday, the ratio was at 4.64 as 82% of open positions were long. In detail, long positions are 3.0% higher than yesterday and 12.0% stronger since last week. Short positions are 2.4% lower than yesterday and 16.4% stronger since last week. Open interest is 2.1% stronger than yesterday and 23.6% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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