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DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

Symbol LastWeek Present %Long Change:
Open Interest
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The SSI is reported Every Thursday at DailyFX.com and twice every trading day inside DailyFX PLUS.


GBP May Bounce, but Wait until After Scotland to Trade

GBP May Bounce, but Wait until After Scotland to Trade

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GBPUSD Last week we noted that a substantial shift in British Pound sentiment warned a bounce was imminent, and indeed we see mounting evidence that the GBP could bounce further.

Trade Implications – GBPUSD: The critical question is nonetheless simple: until we have the results of the highly-anticipated Scotland vote, there’s no telling where the GBP might go. We price out the probabilities on the Scotland vote based on derivatives pricing. And though a bounce does in fact seem likely, there is too much uncertainty to argue in favor of getting long before the result. We will update our sentiment-based forecasts once everything is said and done.

See next currency section:USDJPY - US Dollar Targets ¥110 versus Japanese Yen

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

GBP May Bounce, but Wait until After Scotland to Trade

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