Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Forex Positioning Warns that the US Dollar May Lose Further

Forex Positioning Warns that the US Dollar May Lose Further

David Rodriguez, Head of Product

Share:

- Crowds remain aggressively short the US Dollar, we look for further Euro, Gold, and GBP declines

- Watch for a potential Dollar pullback versus the New Zealand Dollar, however

- Why do we use retail sentiment as a contrarian indicator? View our guide and download here

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

View individual currency sections:

EURUSD - Euro Forecast Turns Bearish as Crowds Buy

GBPUSD - British Pound Expected to Trade Lower

USDCAD - US Dollar Likely to Strengthen versus Canadian Dollar

SPX500 - S&P 500 Remains in Position to Rally

NZDUSD - New Zealand Dollar Outlook Remains Positive

XAUUSD - Gold Price Forecast to Fall Further versus Dollar

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Retail FX traders remain aggressively long the US Dollar versus the Euro, British Pound, Canadian Dollar, and Gold prices. Until this changes we remain in favor of buying into USD gains.

Why and how do we use the SSI in trading? View our video and download the free indicator here

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

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES