SSI: USDCHF Retail Longs Surge 23.8% as Pair Dips Below 1.18

Tuesday, 11 November 2008 09:33:28 GMT

Written by David Song, Currency Analyst

quote ratio %long signal EURUSD 1.27751 1.08 52% Bearish GBPUSD 1.56163 -1.27 44% Bullish USDJPY 97.831 1.14 53% Bearish USDCHF 1.17331 -1.64 38% Bullish USDCAD 1.19185 2.16 68% Bearish AUDUSD 0.66790 -1.35 42% Bullish NZDUSD 0.58321 -2.38 30% Bullish   EURUSD - The ratio of long to short positions in the EURUSD stands at 1.08 as nearly 52% of traders are long. Yesterday, the ratio was at 1.10 as 52% of open positions were long. In detail, long positions are 0.8% higher than yesterday and 18.1% stronger since last week. Short positions are 2.7% higher than yesterday and 9.3% weaker since last week. Open interest is 1.7% stronger than yesterday and 115.1% 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 -1.27 as nearly 56% of traders are short. Yesterday, the ratio was at -1.28 as 56% of open positions were short. In detail, long positions are 3.2% higher than yesterday and 16.3% stronger since last week. Short positions are 2.6% higher than yesterday and 4.9% weaker since last week. Open interest is 2.9% stronger than yesterday and 116.8% 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 1.14 as nearly 53% of traders are long. Yesterday, the ratio was at 1.07 as 52% of open positions were long. In detail, long positions are 3.0% higher than yesterday and 7.2% weaker since last week. Short positions are 3.6% lower than yesterday and 5.4% weaker since last week. Open interest is 0.2% weaker than yesterday and 92.4% 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 -1.64 as nearly 62% of traders are short. Yesterday, the ratio was at -2.40 as 71% of open positions were short. In detail, long positions are 23.8% higher than yesterday and 30.9% stronger since last week. Short positions are 15.5% lower than yesterday and 12.3% stronger since last week. Open interest is 3.9% weaker than yesterday and 126.9% 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 2.16 as nearly 68% of traders are long. Yesterday, the ratio was at 2.12 as 68% of open positions were long. In detail, long positions are 1.9% higher than yesterday and 5.6% weaker since last week. Short positions are 0.2% lower than yesterday and 14.7% stronger since last week. Open interest is 1.3% stronger than yesterday and 103.6% 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 -1.35 as nearly 58% of traders are short. Yesterday, the ratio was at -1.22 as 55% of open positions were short. In detail, long positions are 2.5% lower than yesterday and 8.9% weaker since last week. Short positions are 8.1% higher than yesterday and 3.6% stronger since last week. Open interest is 3.3% stronger than yesterday and 110.4% 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 -2.38 as nearly 70% of traders are short. Yesterday, the ratio was at -2.42 as 71% of open positions were short. In detail, long positions are 2.4% higher than yesterday and 10.4% weaker since last week. Short positions are 1.0% higher than yesterday and 5.1% weaker since last week. Open interest is 1.4% stronger than yesterday and 107.1% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.