- A sharp US Dollar rally has been met with aggressive retail FX crowd selling
- Our contrarian view of sentiment leaves us in favor of buying the US Dollar versus the Euro
- 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 Poised to Test Multi-Year Lows versus Dollar
GBPUSD - British Pound Forecast Calls for Further Weakness
USDJPY - Japanese Yen Downtrend Remains Intact
AUDUSD - We Favor Selling Australian Dollar until this Changes
NZDUSD - New Zealand Dollar Reversal is Short-Lived
GBPJPY - Sterling May Rally further versus Japanese Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar once again looks like a buy versus the Euro and other FX counterparts as a sharp shift in sentiment points to gains. Here’s what we’re watching.
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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