FXCM SSI: USDCAD Longs Taken Off Despite Weak Canadian Data

        quote
        ratio
        %long
        signal
           [B]EURUSD[/B]
        1.40531
        -2.48
        29%
        Bullish
           [B]GBPUSD[/B]
        2.01480
        1.04
        51%
        Bearish
           [B]USDJPY[/B]
        115.538
        1.51
        60%
        Bearish
           [B]USDCHF[/B]
        1.17522
        2.59
        72%
        Bearish
           [B]USDCAD[/B]
        1.00325
        4.68
        82%
        Bearish

[B]EURUSD[/B] - The ratio of long to short positions in the EURUSD stands at -2.48 as nearly 71% of traders are short. Yesterday, the ratio was at -2.89 as 74% of open positions were short. In detail, long positions are 15.1% higher than yesterday and 3.0% stronger since last week. Short positions are 1.2% lower than yesterday and 3.9% stronger since last week. Open interest is 3.0% stronger than yesterday and 9.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
[B]GBPUSD[/B] - The ratio of long to short positions in the GBPUSD stands at 1.04 as nearly 51% of traders are long. Yesterday, the ratio was at 1.18 as 54% of open positions were long. In detail, long positions are 1.1% higher than yesterday and 2.5% weaker since last week. Short positions are 15.2% higher than yesterday and 28.8% stronger since last week. Open interest is 7.5% stronger than yesterday and 11.8% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
[B]USDJPY[/B] - The ratio of long to short positions in the USDJPY stands at 1.51 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 0.5% higher than yesterday and 13.8% stronger since last week. Short positions are 3.8% higher than yesterday and 86.4% stronger since last week. Open interest is 1.8% stronger than yesterday and 18.0% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
[B]USDCHF[/B] - The ratio of long to short positions in the USDCHF stands at 2.59 as nearly 72% of traders are long. Yesterday, the ratio was at 2.91 as 74% of open positions were long. In detail, long positions are 8.7% higher than yesterday and 46.0% stronger since last week. Short positions are 22.3% higher than yesterday and 40.8% stronger since last week. Open interest is 12.2% stronger than yesterday and 10.8% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.
[B]USDCAD[/B] - The ratio of long to short positions in the USDCAD stands at 4.68 as nearly 82% of traders are long. Yesterday, the ratio was at 5.39 as 84% of open positions were long. In detail, long positions are 1.7% lower than yesterday and 5.8% weaker since last week. Short positions are 13.2% higher than yesterday and 0.2% stronger since last week. Open interest is 0.6% stronger than yesterday and 11.2% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

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