SSI: EUR/USD Open Interest Falls on Profit Taking

Currency | Price | Ratio | %long | Signal
EURUSD 1.3571 -1.71 37% Bullish
GBPUSD 2.0014 -1.10 48% Bullish
USDJPY 118.55 -1.55 39% Bullish
USDCHF 1.2085 1.90 65% Bearish
USDCAD 1.1220 1.37 58% Bearish

EURUSD - The ratio of longs to shorts is -1.71 as 63.1% of the currently open orders are short. Long orders are 18.5% lower than yesterday and 26.8% weaker since last week. Short orders are 11.9% lower than yesterday and 12.7% weaker since last week. Open interest is 14.5% weaker than yesterday and 11.2% below its monthly average. Looking ahead, the SSI signals EURUSD strength.

GBPUSD - The ratio of longs to shorts is -1.10 as 52.4% of the currently open orders are short. Long orders are 7.2% higher than yesterday and 25.8% stronger since last week. Short orders are 16.6% lower than yesterday and 3.6% stronger since last week. Open interest is 6.8% weaker than yesterday and 1.4% above its monthly average. Looking ahead, the SSI signals GBPUSD strength.

USDJPY - The ratio of longs to shorts is -1.55 as 60.7% of the currently open orders are short. Long orders are 28.9% lower than yesterday and 12.4% weaker since last week. Short orders are 0.5% higher than yesterday and 26.2% stronger since last week. Open interest is 13.5% weaker than yesterday and 15.6% below its monthly average. Looking ahead, the SSI signals USDJPY strength.

USDCHF - The ratio of longs to shorts is 1.90 as 65.5% of the currently open orders are long. Long orders are 4.6% lower than yesterday and 1.0% stronger since last week. Short orders are 1.6% lower than yesterday and 29.6% stronger since last week. Open interest is 3.6% weaker than yesterday and 1.8% above its monthly average. Looking ahead, the SSI signals USDCHF weakness.

USDCAD - The ratio of longs to shorts is 1.37 as 57.9% of the currently open orders are long. Long orders are 0.8% lower than yesterday and 10.8% stronger since last week. Short orders are 5.4% higher than yesterday and 24.7% stronger since last week. Open interest is 1.7% stronger than yesterday and 10.6% above its monthly average. Looking ahead, the SSI signals USDCAD weakness.

For historical charts of the SSI please visit, http://www.dailyfx.com/story/special_report/special_reports/USDJPY___Speculative_Positioning_Flips_1173972803072.html

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