SSI: EURUSD Ratio Flips as Retail Longs Jump 16.3%

Friday, 14 November 2008 09:31:59 GMT

Written by David Song, Currency Analyst

quote ratio %long signal EURUSD 1.27038 1.02 51% Bearish GBPUSD 1.48263 -1.56 39% Bullish USDJPY 97.173 -1.05 49% Bullish USDCHF 1.18883 -2.15 32% Bullish USDCAD 1.21655 2.36 70% Bearish AUDUSD 0.65387 -1.20 45% Bullish NZDUSD 0.56130 -2.48 29% Bullish   EURUSD - The ratio of long to short positions in the EURUSD stands at 1.02 as nearly 51% of traders are long. Yesterday, the ratio was at -1.09 as 52% of open positions were short. In detail, long positions are 16.3% higher than yesterday and 33.6% stronger since last week. Short positions are 4.4% higher than yesterday and 36.6% stronger since last week. Open interest is 10.1% stronger than yesterday and 128.2% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD losses. GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.56 as nearly 61% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 6.2% higher than yesterday and 6.6% stronger since last week. Short positions are 19.1% higher than yesterday and 12.7% stronger since last week. Open interest is 13.7% stronger than yesterday and 111.0% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains. USDJPY - The ratio of long to short positions in the USDJPY stands at -1.05 as nearly 51% of traders are short. Yesterday, the ratio was at -1.04 as 51% of open positions were short. In detail, long positions are 3.9% higher than yesterday and 12.3% weaker since last week. Short positions are 4.7% higher than yesterday and 3.5% weaker since last week. Open interest is 4.3% stronger than yesterday and 90.2% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY gains.   USDCHF - The ratio of long to short positions in the USDCHF stands at -2.15 as nearly 68% of traders are short. Yesterday, the ratio was at -2.28 as 70% of open positions were short. In detail, long positions are 15.6% higher than yesterday and 2.5% stronger since last week. Short positions are 7.2% higher than yesterday and 5.4% weaker since last week. Open interest is 9.8% stronger than yesterday and 96.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.   USDCAD - The ratio of long to short positions in the USDCAD stands at 2.36 as nearly 70% of traders are long. Yesterday, the ratio was at 2.45 as 71% of open positions were long. In detail, long positions are 0.1% higher than yesterday and 3.3% stronger since last week. Short positions are 4.1% higher than yesterday and 4.9% stronger since last week. Open interest is 1.3% stronger than yesterday and 99.6% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.   AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.20 as nearly 55% of traders are short. Yesterday, the ratio was at -1.32 as 57% of open positions were short. In detail, long positions are 21.3% higher than yesterday and 12.8% stronger since last week. Short positions are 10.4% higher than yesterday and 2.9% stronger since last week. Open interest is 15.1% stronger than yesterday and 107.1% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains....   NZDUSD - The ratio of long to short positions in the NZDUSD stands at -2.48 as nearly 71% of traders are short. Yesterday, the ratio was at -3.06 as 75% of open positions were short. In detail, long positions are 27.4% higher than yesterday and 2.6% stronger since last week. Short positions are 3.2% higher than yesterday and 9.5% stronger since last week. Open interest is 9.1% stronger than yesterday and 98.1% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.