David Rodriguez

Quantitative Strategist

Expertise:
Quantitative analysis, algorithmic trading, and retail trader sentiment.
David Rodriguez is a Quantitative Strategist for DailyFX, specializing in statistical studies and the algorithmic trading systems which drive the DailyFX PLUS Trading Signals. He holds a degree in economics from Williams College with heavy emphasis on quantitative methods and began trading financial markets during the tech boom and bust of 1999-2001. Though his focus has shifted to currencies, he keeps his finger on the pulse of a broad range of financial instruments.

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US Dollar Breakdown is the Real Deal - Here’s Why

A major turn in price and forex trader positions warns that the US Dollar will likely continue lower versus the Euro, British Pound, Canadian Dollar, and Gold prices. Here’s why we think so.

Indicator Accurately Called Gold Rally - Now What?

Our retail forex trader data accurately called a major Gold Price rally last week, and a sustained shift in sentiment leaves us plainly in favor of further near-term XAU/USD gains.

New Zealand Forecast Points to Further Gains

A substantial shift in retail forex trader sentiment warns that the New Zealand Dollar may continue higher versus the US Dollar.

Australian Dollar Outlook Uncertain until this Changes

A substantial US Dollar sell-off leaves the Australian Dollar higher through recent trading, but a fairly muted shift in retail forex trader sentiment gives little reason to expect this AUD/USD rally...

Canadian Dollar Rally is Set to Last

A remarkable shift in retail forex trader positions warns that the US Dollar may continue lower versus the resurgent Canadian Dollar.

This Indicator Called the British Pound Reversal - What Now?

A remarkable shift in retail FX trader sentiment helped confirm that the British Pound set a lasting low through last week, and a continued move in both price and sentiment points to further GBP/USD gains.

Euro Breakout is the Real Deal

Retail forex traders have sold aggressively into the recent Euro rally, and today’s sharp breakout may likely prove the break higher we’ve waited for.

US Dollar at the Verge of a Major Breakdown

A substantial shift in retail forex trading sentiment warns that the US Dollar may soon break significantly lower. Here are the currencies and commodities we’re watching.

Gold Prices Forecast to Hit Further Highs

Retail forex traders have recently turned net-short Gold prices for the first time in three months, and a contrarian view of crowd sentiment warns that it may soon continue higher.

New Zealand Outlook Depends on this Shift

Indecisive moves in the New Zealand Dollar make it difficult to establish a strong trading bias, and indeed our retail FX trader sentiment data gives few clues on what we may expect next in the NZD/U...

Australian Dollar Forecast to Hit Fresh Peaks

Retail forex traders remain net-long the Australian Dollar versus the US Dollar, but a recent shift towards crowd selling warns that we may be in the midst of an important shift in trend.

Canadian Dollar Likely to Gain further versus US Dollar

A substantial shift in retail forex trader positioning warns that the US Dollar may have set an important top versus the Canadian Dollar.

British Pound May have Made a Lasting Low

Retail forex traders remain heavily long the British Pound versus the US Dollar, and typically we would treat this as a contrarian signal that price is likely to continue lower.

Euro Looks Increasingly Likely to Break Higher

Retail forex traders have sold aggressively into the recent Euro rally, and a contrarian view of crowd sentiment favors a larger break higher.

How Will a Volatile Market React to the Fed Decision, US GDP?

While the markets may have recovered ground this past week, investors are far from optimistic. Anxiety pervades and a heavy round of key event risk ahead threatens to easily revive volatility - if no...

British Pound Shows Signs of Life – Can it Continue Higher?

The British Pound finally showed signs of life as it recovered from multi-year lows to finish the week higher versus the Euro and the US Dollar.

Trends Changing for the Canadian Dollar and Other Majors?

Retail forex traders remain short the US Dollar versus the Euro, Canadian Dollar, Australian Dollar, and New Zealand Dollar—typically this would make us bearish. Yet a major shift warns of a ch...

Gold Prices at Key Juncture

Retail forex traders remain long gold prices versus the US Dollar, and a contrarian view of crowd sentiment points to further XAU/USD weakness.

New Zealand Outlook Unclear until this Shifts

Retail FX traders have recently turned net-short the New Zealand Dollar versus its US namesake, and a contrarian view of crowd sentiment would typically lead us to call for near-term strength.

Australian Dollar Likely to Continue Lower

Retail forex traders remain net-long the Australian Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us focused on continued AUD/USD weakness.


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