- Retail FX traders are aggressively long the GBP, AUD, and NZD – watch for further declines
- Yet US Dollar outlook remains unclear as major USD pairs trade at significant price levels
- Why do we use retail sentiment as a contrarian indicator? View our video guide
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
View individual currency sections:
EURUSD - Euro Likely to Test Key Near-term Resistance
GBPUSD - British Pound Forecast to hit Further Lows
USDJPY - US Dollar Remains Likely to Hold Support versus Yen
AUDUSD - Australian Dollar Test of Support is a Big Deal
NZDUSD - New Zealand Dollar Outlook Remains Negative
XAUUSD - Gold Prices May have Turned the Corner
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar remains in position to strengthen versus the British Pound, Australian Dollar, and New Zealand Dollar. Yet we’ll need to watch broader USD reactions at key price levels.
View Real-Time SSI Updates via the FXCM Trading Station Desktop
See a video on how we use the Speculative Sentiment Index in our trading
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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