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- Nov, 19 US Dollar Forecast To Bounce off of Range Lows
- Nov, 12 US Dollar Forecast to Bounce on Sentiment Shift
- Nov, 05 US Dollar Forecast Bearish Ahead of Nonfarm Payrolls
- Oct, 01 US Dollar Forecast to Rally versus Euro on Forex Sentiment
- Oct, 22 US Dollar Forecast Remains Bearish on Forex Sentiment
- Oct, 22 US Dollar Forecast Remains Bearish on Forex Sentiment
- Oct, 15 British Pound Forecast to Rally further on Forex Sentiment
EURUSD – Euro Forecast to Fall Further Versus US Dollar
GBPUSD – British Pound Forecast Remains Bullish
USDJPY – Japanese Yen Likely to Recover versus Dollar
USDCHF – Swiss Franc Forecast Positive
USDCAD – Canadian Dollar Forecast to Decline
GBPJPY – Forex Sentiment Gives Few Clues on Direction
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The US Dollar has finally shown signs of life, and several of our Forex Sentiment-based trading strategies have aggressively bought into the Dollar’s recovery. Last week we reported that one-sided crowd sentiment showed little scope for a Greenback reversal. Yet extreme Forex Futures and Options positioning data strongly suggested that a turn was imminent. The impressively quick turnaround in US Dollar pairs subsequently forced substantive shifts in retail FX sentiment, and our SSI accordingly pointed to US Dollar gains. As it stands, the overnight Dollar decline has moderated our conviction in calling for further dollar strength. Yet the initial signs of life suggest that the US Dollar may have set a noteworthy bottom against the Euro and other key pairs.
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