Sentiment Index

EURUSD - The ratio of long to short positions in the EURUSD stands at 1.13 as 53% of traders are long. Yesterday the ratio was 1.29; 56% of open positions were long. Long positions are 3.1% lower than yesterday and 6.3% below levels seen last week. Short positions are 10.7% higher than yesterday and 27.9% above levels seen last week. Open interest is 2.9% higher than yesterday and 6.8% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURUSD may continue lower. The trading crowd has grown less net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 1.22 as 55% of traders are long. Yesterday the ratio was 1.15; 53% of open positions were long. Long positions are 7.2% higher than yesterday and 10.8% below levels seen last week. Short positions are 0.8% higher than yesterday and 8.2% above levels seen last week. Open interest is 4.2% higher than yesterday and 15.4% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the GBPUSD may continue lower. The trading crowd has grown further net-long from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at -1.63 as 38% of traders are long. Yesterday the ratio was -1.88; 35% of open positions were long. Long positions are 5.7% higher than yesterday and 33.0% below levels seen last week. Short positions are 8.1% lower than yesterday and 35.3% above levels seen last week. Open interest is 3.3% lower than yesterday and 2.2% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the GBPJPY may continue higher. The trading crowd has grown less net-short from yesterday but unchanged since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

USDJPY - The ratio of long to short positions in the USDJPY stands at -1.61 as 38% of traders are long. Yesterday the ratio was -1.64; 38% of open positions were long. Long positions are 1.2% lower than yesterday and 13.3% above levels seen last week. Short positions are 3.0% lower than yesterday and 15.7% above levels seen last week. Open interest is 2.3% lower than yesterday and 9.3% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDJPY may continue higher. The trading crowd has grown less net-short from yesterday but further short since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

USDCHF - The ratio of long to short positions in the USDCHF stands at 1.12 as 53% of traders are long. Yesterday the ratio was 1.11; 53% of open positions were long. Long positions are 0.1% higher than yesterday and 2.7% above levels seen last week. Short positions are 0.8% lower than yesterday and 1.8% below levels seen last week. Open interest is 0.3% lower than yesterday and 9.7% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDCHF may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

USDCAD - The ratio of long to short positions in the USDCAD stands at -1.14 as 47% of traders are long. Yesterday the ratio was -1.32; 43% of open positions were long. Long positions are 8.6% higher than yesterday and 1.0% above levels seen last week. Short positions are 6.1% lower than yesterday and 2.2% below levels seen last week. Open interest is 0.2% higher than yesterday and 17.9% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDCAD may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 1.98 as 66% of traders are long. Yesterday the ratio was 1.89; 65% of open positions were long. Long positions are 5.4% higher than yesterday and 30.6% above levels seen last week. Short positions are 0.3% higher than yesterday and 20.5% above levels seen last week. Open interest is 3.6% higher than yesterday and 10.0% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the AUDUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 3.14 as 76% of traders are long. Yesterday the ratio was 2.85; 74% of open positions were long. Long positions are 1.7% lower than yesterday and 3.0% below levels seen last week. Short positions are 10.6% lower than yesterday and 13.9% below levels seen last week. Open interest is 4.0% lower than yesterday and 21.4% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the NZDUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.

EURCHF - The ratio of long to short positions in the EURCHF stands at 25.82 as 96% of traders are long. Yesterday the ratio was 23.01; 96% of open positions were long. Long positions are 3.3% higher than yesterday and 5.6% below levels seen last week. Short positions are 7.9% lower than yesterday and 13.2% above levels seen last week. Open interest is 2.8% higher than yesterday and 0.9% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURCHF may continue lower. The trading crowd has grown further net-long from yesterday but moderated since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

XAUUSD - The ratio of long to short positions in the XAUUSD stands at 1.56 as 61% of traders are long. Yesterday the ratio was 1.53; 61% of open positions were long. Long positions are 0.9% higher than yesterday and 8.5% above levels seen last week. Short positions are 1.1% lower than yesterday and 5.8% below levels seen last week. Open interest is 0.1% higher than yesterday and 10.7% above its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the XAUUSD may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias.