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Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

By , Quantitative Strategist
01 May 2014 14:20 GMT

- Forex traders remain heavily long the Dollar against Major Counterparts

- Technical forecasts line up with sentiment and leave us in favor of USD weakness

- The Euro and British Pound look attractive versus the Dollar, Yen, Aussie Dollar, and Gold

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Until this Changes We’ll Watch for Euro Strength

GBPUSD - British Pound Likely to Trade to Fresh Peaks

USDJPY - US Dollar Forecast to Decline versus Japanese Yen

EURJPY - Euro Looks to Break Higher Against Yen

GOLD - Gold Prices Remain at Risk of Further Declines

AUDUSD - Australian Dollar Downtrend Intact, We Like Selling

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

The combination of one-sided forex sentiment and technical forecasts leave us in favor of Euro and Sterling strength; see below for trade setups.

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.

Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

Euro and British Pound Attractive Buys versus USD, Yen, Gold, Aussie

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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01 May 2014 14:20 GMT