- Aggressively one-sided retail forex positioning points to US Dollar losses
- We like buying into Euro and British Pound dips, selling USDJPY rallies
- See full analysis below in individual currency sections
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
View individual currency sections:
EURUSD - Euro Forecast to Gain further versus US Dollar
GBPUSD - British Pound Likely to Hit Fresh Highs
USDJPY - US Dollar at Risk of Further Declines versus Yen
AUDUSD - Australian Dollar Forecast Remains Bullish
NZDUSD - New Zealand Dollar in Position to Gain
GBPJPY - British Pound Forecast to Rally against Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Forex trading crowds remain heavily long the US Dollar versus the Euro, Sterling, Yen, AUD, and NZD. We maintain a contrarian bias to sell into USD bounces.
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.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
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