- Retail FX traders buying aggressively into Sterling declines versus US Dollar
- Euro forecast somewhat unclear as traders take profits on open short positions
- See full analysis below in individual currency sections
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View individual currency sections:
EURUSD - Retail FX Traders Remain Short Euro versus US Dollar
GBPUSD - Crowds Continue Buying Aggressively into Sterling Weakness
USDJPY - Choppy USDJPY Price Action Makes Next Move Unclear
AUDUSD - Australian Dollar Stands to Rally Further
NZDUSD - New Zealand Dollar Forecast Unclear
GBPJPY - British Pound Likely to Fall Further versus Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex traders continue buying aggressively into British Pound weakness, and a contrarian view of crowd sentiment leaves us watching for further weakness.
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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