SSI: Australian Dollar Forecast Turns Bullish
The latest readings from the Speculative Sentiment Index (SSI) show that traders have flipped from being long AUD/USD to being short the pair. Since SSI is a contrarian indicator, this change is a bullish signal for the Australian Dollar going into tomorrow's key Non-Farm Payrolls report.
The ratio of long to short positions in the AUDUSD stands at -1.34 as 43% of traders are long. Yesterday the ratio was -1.06; 49% of open positions were long.
Short positions are 30.1% higher than yesterday and 42.7% above levels seen last week. Open interest is 16.8% higher than yesterday and 24.7% below its monthly average.
The ratio of long to short positions in the AUDUSD stands at -1.34 as 43% of traders are long. Yesterday the ratio was -1.06; 49% of open positions were long.
Short positions are 30.1% higher than yesterday and 42.7% above levels seen last week. Open interest is 16.8% higher than yesterday and 24.7% below its monthly average.
Total Comments 0
