- Euro bounces post-ECB, but until we see meaningful shift it remains a sell
- US Dollar remains a buy versus the Japanese Yen, British Pound, and Comm Bloc
- See full analysis below in individual currency sections
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View individual currency sections:
EURUSD - Euro Bounce May be Short-Lived as Sentiment Unchanged
GBPUSD - British Pound Forecast to Hit Further Lows versus USD
USDJPY - Japanese Yen Remains a Clear Sell until this Changes
AUDUSD - Australian Dollar Forecast to Depreciate Further
NZDUSD - New Zealand Dollar Poised for Continued Declines
GBPJPY - Sterling Targets Strength versus Downtrodden Japanese Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar remains an attractive buy versus the Yen. And though reversal risks have clearly grown versus the Euro, we favor selling EURUSD until this changes.
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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