SSI: GBPUSD Retail Interest Drops, Longs Plunge 10.5% as Pair Stalls Ahead of 1.52

Published May 8th, 2009 - 01:14 GMT
Al Bawaba
Al Bawaba


quote

ratio

%long

signal

EURUSD

1.34102

-1.35

43%

Bullish

GBPUSD

1.50309

-1.40

42%

Bullish

USDJPY

99.438

1.04

51%

Bearish

USDCHF

1.12854

2.35

70%

Bearish

USDCAD

1.16780

2.80

74%

Bearish

AUDUSD

0.75618

-1.44

41%

Bullish

NZDUSD

0.59393

-1.22

45%

Bullish

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.35 as nearly 57% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 5.4% higher than yesterday and 0.4% stronger since last week. Short positions are 2.6% higher than yesterday and 8.5% stronger since last week. Open interest is 3.8% stronger than yesterday and 100.4% 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 -1.40 as nearly 58% of traders are short. Yesterday, the ratio was at -1.20 as 54% of open positions were short. In detail, long positions are 9.9% lower than yesterday and 12.9% stronger since last week. Short positions are 5.3% higher than yesterday and 0.9% weaker since last week. Open interest is 1.6% weaker than yesterday and 97.1% 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 1.04 as nearly 51% of traders are long. Yesterday, the ratio was at 1.05 as 51% of open positions were long. In detail, long positions are 2.8% higher than yesterday and 8.8% stronger since last week. Short positions are 3.1% higher than yesterday and 15.4% weaker since last week. Open interest is 2.9% stronger than yesterday and 80.3% 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 2.35 as nearly 70% of traders are long. Yesterday, the ratio was at 2.01 as 67% of open positions were long. In detail, long positions are 12.7% higher than yesterday and 6.9% stronger since last week. Short positions are 3.6% lower than yesterday and 24.1% weaker since last week. Open interest is 7.3% stronger than yesterday and 101.0% above 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 2.80 as nearly 74% of traders are long. Yesterday, the ratio was at 2.65 as 73% of open positions were long. In detail, long positions are 1.4% lower than yesterday and 4.1% stronger since last week. Short positions are 6.5% lower than yesterday and 17.1% stronger since last week. Open interest is 2.8% weaker than yesterday and 113.4% 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 -1.44 as nearly 59% of traders are short. Yesterday, the ratio was at -1.55 as 61% of open positions were short. In detail, long positions are 6.3% higher than yesterday and 19.0% stronger since last week. Short positions are 1.2% lower than yesterday and 19.2% stronger since last week. Open interest is 1.7% stronger than yesterday and 120.2% 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 -1.22 as nearly 55% of traders are short. Yesterday, the ratio was at -1.28 as 56% of open positions were short. In detail, long positions are 3.8% higher than yesterday and 12.1% weaker since last week. Short positions are 0.6% lower than yesterday and 8.6% weaker since last week. Open interest is 1.3% stronger than yesterday and 73.6% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

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For historical data and the latest charts based on the SSI please visit http://www.dailyfx.com/story/topheadline/G20_Statement_Triggers_a_Wave_1238696174982.html