Market News

FXCM SSI: US Dollar May Fall Further

Jan 20 2011
By Stanimir Zhelev , ForexBrokerz.com Find me on Google+

FXCM published their Speculative Sentiment Index yesterday.

Recent US Dollar declines have been met with continued crowd buying, giving contrarian signal that the USD may continue its decline versus the Euro and British Pound. Yet crowds have sold the US currency into a recent USDCHF and USDCAD bounce—warning that both trends may slow and reverse through the near-term. Forex futures and options sentiment warns that the US currency could continue lower before making a more substantive bounce into the New Year. The speed with which sentiment has shifted against the Greenback warns against taking aggressive USD-long positions.

View an FXCM Expo presentation on the Speculative Sentiment Index for better understanding on how we use it in our trading.

TAGS: fxcm forex ssi

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Broker	Advantages


	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
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Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, IFSC	MT4, MT5, Web	$10	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia, Cyprus	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	Australia	ASIC	MT4, MT5	$100	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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