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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Euro Traders Look to US Dollar for Next Major Moves

The Euro surged to multi-month highs versus the US Dollar despite a fairly uneventful week for both Europe and the US.

Weekly Trading Forecast: NFPs Versus Stimulus Changes the FX Market’s Standings

The cumulative pressure between BoJ and BoE stimulus upgrades along with a strong US NFPs these past weeks has revived risk appetite and monetary policy advantages. Yet, can these themes survive slip...

Japanese Yen May be Days Away from a Significant Break Lower

The Japanese Yen finished the week almost exactly where it began, but notable financial market volatility meant that USD/JPY price action was anything but straightforward.

Trade Data Warns of Further Euro Gains, USD Losses - What to Watch

A significant turn in retail FX trader sentiment warns the US Dollar will likely continue lower versus the Euro, Japanese Yen, and Australian Dollar. Here is the key risk to this forecast.

US S&P 500 Remains a Buy until this Changes

Retail CFD traders remain extremely net-short the SPX500, which tracks the fair value of the S&P E-mini futures contract, and a contrarian view of ‘crowd’ sentiment has kept us firmly...

Australian Dollar Sentiment Points to Gains

Retail FX traders are now net-short the Australian Dollar versus the US Dollar, and a contrarian view of ‘crowd’ sentiment leaves us in favor of buying into further AUD/USD gains.

Gold Price Once Again set to Shine

Retail FX traders are once again short Gold prices in US Dollar terms, and a contrarian view of sentiment leaves watching for further near-term XAU/USD strength.

Japanese Yen Sentiment at Extremes – What’s Next?

Retail FX traders remain very heavily net-long the US Dollar versus the Japanese Yen, and a contrarian view of ‘crowd’ sentiment leaves us firmly in favor of selling into weakness.

British Pound Plunges, and Declines not Over Just Yet

Retail FX traders briefly turned net-short the British Pound versus the US Dollar, but the sharp decline following the Bank of England’s ‘Bazooka’ of monetary policy easing leaves traders once again net-long the GBP/USD.

Euro Forecast to Gain Unless this Changes

Retail FX traders remain net-short the Euro versus the US Dollar, and a contrarian view of crowd sentiment points to further EUR/USD gains.

Critical Week For British Pound Points to Big FX Moves Ahead

The British Pound finished the week marginally higher versus the US Dollar on the heels of stronger-than-expected economic growth numbers. Yet the small rally keeps the Sterling within a tight tradin...

Weekly Trading Forecast: Are the Dollar, Yen and Pound’s Trends Turning?

The Dollar and Yen experienced sharp change in trend this past week motivated by event risk. Will these trends find momentum, and will key UK and Australian event risk ahead motivate the same for the...

Facts Change and We Change with Them – Euro Looks like a Buy

Retail FX traders are once again net-short the Euro versus the US Dollar, and a contrarian view of ‘crowd’ sentiment points to further EUR/USD gains.

Euro and Japanese Yen are Currencies to Watch Closely

A sharp shift in retail FX trader sentiment warns the Euro and Japanese Yen are near key turning points. Here is what we’re watching next.

Gold Prices Face Key Risk of Turn Lower

Retail FX traders have consistently bought into recent Gold Price weakness in US Dollar terms, and a contrarian view of ‘crowd’ sentiment points to further weakness.

Forex Sentiment Turns on a Dime - Watch Key Yen Risk

Retail FX traders are once again heavily long the US Dollar versus the Japanese Yen—a sharp shift from just a week ago—and a contrarian view of crowd sentiment points to further USD/JPY w...

British Pound Likely to Fall, but Caution Advised

Retail FX traders continue to buy into British Pound weakness versus the US Dollar, and a contrarian view of ‘crowd’ sentiment warns that further GBP/USD losses are likely.

Euro Near Potentially Critical Support - Next Move is Key

Retail FX traders recently turned net-long the Euro versus the US Dollar, and a contrarian view of ‘crowd’ sentiment leaves us in favor of further EUR/USD weakness.

British Pound Trade Seems too Good to be True – Watch Key Risk

The British Pound finished the week almost exactly unchanged against the Dollar despite clear disappointments in UK economic data. A busy economic calendar in the days ahead could nonetheless have a lasting impact on trader sentiment, and the stakes are high heading into a critical Bank of England interest rate decision in two weeks’ time.

Retail FX Traders Point to Significant Changes for Yen

Retail FX traders are now net-short the US Dollar versus the Japanese Yen for the first time since the pair traded near ¥120 through late 2015.


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