- Retail FX traders remain broadly long the US Dollar
- Contrarian view of crowd sentiment leaves us in favor of buying into Euro gains, selling Dollar bounces
- 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 - Aggressive Crowd Selling Points to Euro Gains
GBPUSD - Positioning Data Leaves us in Favor of buying British Pound
USDJPY - Traders Buying USDJPY as it Sticks to Large Range
AUDUSD - Australian Dollar Fails to Rally Above Key Resistance
NZDUSD - New Zealand Dollar Stumbles, Forecast Unclear
GBPJPY - Pullback in British Pound Clouds Outlook versus Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our retail forex sentiment data shows that crowds continue to buy into Dollar declines. We see this as contrarian signal to sell into Dollar bounces, buy dips in the Euro.
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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