EURUSD - The ratio of long to short positions in the EURUSD stands at -2.27 as nearly 69% of traders are short. Yesterday, the ratio was at -2.45 as 71% of open positions were short. In detail, long positions are 4.4% higher than yesterday and 22.7% stronger since last week. Short positions are 3.5% lower than yesterday and 19.8% stronger since last week. Open interest is 1.2% weaker than yesterday and 9.7% 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 1.18 as nearly 54% of traders are long. Yesterday, the ratio was at -1.36 as 58% of open positions were short. In detail, long positions are 34.0% higher than yesterday and 4.7% stronger since last week. Short positions are 16.1% lower than yesterday and 29.0% weaker since last week. Open interest is 5.2% stronger than yesterday and 18.5% 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 1.68 as nearly 63% of traders are long. Yesterday, the ratio was at 2.70 as 73% of open positions were long. In detail, long positions are 18.8% lower than yesterday and 1.6% weaker since last week. Short positions are 30.8% higher than yesterday and 21.5% stronger since last week. Open interest is 5.4% weaker than yesterday and 13.2% 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 2.85 as nearly 74% of traders are long. Yesterday, the ratio was at 4.10 as 80% of open positions were long. In detail, long positions are 3.3% lower than yesterday and 21.2% weaker since last week. Short positions are 39.4% higher than yesterday and 12.6% stronger since last week. Open interest is 5.0% stronger than yesterday and 4.0% 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 5.15 as nearly 84% of traders are long. Yesterday, the ratio was at 5.09 as 84% of open positions were long. In detail, long positions are 1.9% higher than yesterday and 37.2% stronger since last week. Short positions are 0.8% higher than yesterday and 3.9% stronger since last week. Open interest is 1.8% stronger than yesterday and 24.9% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

Source: FXCM Dealing Desk

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