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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

The FXCM Speculative Sentiment Index provides an in-depth look at how retail FX traders are positioned and provides unique insight into market price moves and overall direction. Unlike major equities or futures markets, there is no single centralized exchange for forex trading. Such decentralized activity makes finding uniform volume or open interstest data impossible. DailyFX fills the gap by offering access to FXCM's proprietary volume and positioning information.

Available at FXCMAPPS.COM


View the FXCM Speculative Sentiment Index in Real-Time

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

The SSI is reported Every Thursday at and twice every trading day inside DailyFX PLUS.

Euro at Clear Risk for Further Declines

Euro at Clear Risk for Further Declines

View Real-Time SSI Updates via the FXCM Trading Station Desktop

See a video on why we use the Speculative Sentiment Index as a contrarian indicator in our trading

EURUSD – The Euro has fallen sharply against the US Dollar, and our retail FX trader sample shows that traders are buying into EUR/USD declines. Traders remain marginally net-short as they have been since the EUR traded to $1.40 through May, 2014. Yet the most recent shift towards buying acts as contrarian signal that the Euro may continue lower.

Ideally we would see a more pronounced shift in sentiment before turning in favor of selling into Euro weakness, but as it stands we may be at the cusp of a much larger turn lower for the EUR/USD.

See next currency section: GBPUSD - British Pound Forecast to Hit Fresh Lows

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Using the Speculative Sentiment Index

Before you use the SSI, watch this video for a guide on using our proprietary positioning data.

Video Source: Youtube. Visit DailyFX Youtube Channel for more videos.