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EURUSD - Forex Trading Crowd Indecisive, Further Volatility Likely
Thursday, 25 September 2008 14:25:54 GMT
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Previous articles
Previous Articles
Jul 02 -
Euro Forecast to Decline Further on Shift in Forex Sentiment
Jun 04 -
Euro Forecast Unclear on Sharp Shifts in Forex Sentiment
May 28 -
Euro Forecast Unclear on Extremely Choppy Price Action
May 21 -
Euro Forecast to Rally Further against US Dollar
May 14 -
Sentiment Points to Further Euro Gains versus US Dollar
May 07 -
Euro Forecast Bullish As Crowd Sells Into Post-ECB Rally
Apr 30 -
Euro Forecast Bullish Against US Dollar
Apr 23 -
Euro Outlook Remains Bearish Against US Dollar
Apr 16 -
Euro Outlook Mixed Against US Dollar
Apr 09 -
Euro Forecast to Decline According to Forex Sentiment
Mar 19 -
Euro Forecast Bullish against US Dollar Following Fed
Mar 12 -
Euro Forecast to Rally Against US Dollar
Mar 06 -
Euro Forecast to Decline Following ECB Rate Decision
Feb 26 -
Euro Forecast Neutral on Unclear Forex Sentiment
Feb 19 -
Euro Forecast Grows Less Bearish on Forex Positioning
Feb 12 -
Euro Forecast Remains Bearish on Extreme Positioning
Feb 05 -
Euro Sentiment Forecasts Turn Following ECB Rate Decision
Jan 29 -
Euro Forecast Remains Neutral on Balanced Forex Positioning
Jan 15 -
Euro Forecast Unclear on Indecisive Forex Positioning
Jan 08 -
Euro Likely to Rally vs US Dollar on Clear Shift in Forex Sentiment
Written by David Rodriguez, Quantitative Analyst
EUR/USD Ratio: 1.05
Trading Forecast: Bearish
Forex Positioning in the EURUSD
EURUSD –
The forex trading crowd shows no clear forecast for the Euro/US Dollar pair, with effectively neutral speculative positioning showing little bias in the EURUSD. Though trading volume has remained elevated, excessive intraday volatility means that many position traders are currently out of the market and unwilling to sustain sharp price swings. The ratio of long to short positions in the EURUSD stands at 1.04 as nearly 51% of traders are long, and traders have been flipping from net-short to net-long and vice versa on a frequent basis. Both long and short positions have fallen on the week, and our SSI effectively signals a neutral bias on the EURUSD. This is consistent with our
technical forecasts for the EURUSD
—markets seem willing to wait for further clarification before forcing any major moves.
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