SSI: EUR/USD Positioning Favors More USD Losses

Currency | Price | Ratio | %long | Signal
EURUSD 1.3620 -1.91 34% Bullish
GBPUSD 1.9989 -1.66 38% Bullish
USDJPY 118.64 -1.55 39% Bullish
USDCHF 1.2034 1.24 55% Bearish
USDCAD 1.1223 1.27 56% Bearish

EURUSD - The ratio of longs to shorts is -1.91 as 65.7% of the currently open orders are short. Long orders are 7.7% lower than yesterday and 11.8% weaker since last week. Short orders are 4.4% higher than yesterday and 0.8% weaker since last week. Open interest is 0.1% weaker than yesterday and 11.0% below its monthly average. Looking ahead, the SSI signals EURUSD strength.

GBPUSD - The ratio of longs to shorts is -1.66 as 62.4% of the currently open orders are short. Long orders are 31.5% lower than yesterday and 26.3% weaker since last week. Short orders are 3.8% higher than yesterday and 11.4% weaker since last week. Open interest is 13.1% weaker than yesterday and 11.5% below its monthly average. Looking ahead, the SSI signals GBPUSD strength.

USDJPY - The ratio of longs to shorts is -1.55 as 60.8% of the currently open orders are short. Long orders are 6.8% higher than yesterday and 5.0% stronger since last week. Short orders are 7.0% higher than yesterday and 23.9% stronger since last week. Open interest is 6.9% stronger than yesterday and 8.6% below its monthly average. Looking ahead, the SSI signals USDJPY strength.

USDCHF - The ratio of longs to shorts is 1.24 as 55.4% of the currently open orders are long. Long orders are 8.1% higher than yesterday and 20.9% weaker since last week. Short orders are 17.9% higher than yesterday and 45.5% stronger since last week. Open interest is 12.2% stronger than yesterday and 5.5% below its monthly average. Looking ahead, the SSI signals USDCHF weakness.

USDCAD - The ratio of longs to shorts is 1.27 as 56.0% of the currently open orders are long. Long orders are 2.2% lower than yesterday and 5.5% stronger since last week. Short orders are 4.4% higher than yesterday and 23.2% stronger since last week. Open interest is 0.6% stronger than yesterday and 11.8% 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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