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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 near Potentially Significant Turning Point versus Dollar

Euro near Potentially Significant Turning Point versus Dollar

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 – An aggressive shift in retail forex trader sentiment warns that the Euro may be near a key turning point versus the Dollar. Our data shows that the ratio of open short to long positions in the EUR/USD stands near its smallest in over six months—traders first turned net-short as the Euro broke below $1.10 in March.

Ideally we would see a more meaningful shift towards crowd EUR/USD-buying before calling for a substantive price reversal. But the fact remains that our data suggests we are at a potential inflection point for the Euro and US Dollar.

See next currency section: GBPUSD - British Pound Sees Extreme Sentiment, Losses Remain Likely

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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.