Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
DailyFX Home / Forex Technical Analysis / Speculative Sentiment Index

SSI: The Speculative Sentiment Index

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.

British Pound Outlook Remains Bearish

British Pound Outlook Remains Bearish

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

GBPUSD Retail FX trading crowds remain long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment points to further GBPUSD losses.

The ratio of long to short positions in the GBPUSD stands at 1.46 as 59% of traders are long. Yesterday the ratio was 1.36; 58% of open positions were long. Long positions are 0.1% lower than yesterday and 16.5% below levels seen last week. Short positions are 7.1% lower than yesterday and 8.6% above levels seen last week. Open interest is 3.1% lower than yesterday and 7.7% 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 GBPUSD may continue lower.

See next currency section:USDJPY - One-sided Sentiment Points to Dollar Weakness, Yen Strength

--- Written by David Rodriguez, Quantitative Strategist for

British Pound Outlook Remains Bearish

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at

Latest Topics in the DailyFX Forums

Prográmese este fin de semana...
Today at 18:19
Der Eur/ USD Talk
by Verworn
Today at 18:01
Scalping sur Indices et Forex
by Phil.RX
Today at 17:59
Market Profile - discussions,...
by Redg
Today at 17:34