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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Weekly Trading Forecast: NFPs, ECB and Aussie GDP to Combat Expected Slow Start

The week ahead is expected to launch with a slow start with US and UK holiday’s curbing speculative ambitions. However, a long list of critical event risk will likely break that spell quickly.

Japanese Yen Likely to Hit Further Lows Unless Key Data Disappoints

The Japanese Yen fell for the fourth-consecutive week against the US Dollar and matched its longest losing streak since the USD/JPY traded above ¥121 through late 2014.

US Dollar Poised to Fall Further Until this Changes

Retail trader data warns the US Dollar could fall to further lows versus the Euro and the Japanese Yen. But we see key warning signs which are difficult to ignore.

S&P 500 Likely to Hit Further Highs

Retail traders remain aggressively short the SPX500, which tracks the US S&P 500, and a contrarian view of crowd sentiment suggests the S&P may trade higher.

German DAX Risks to the Downside

Retail CFD traders are net-long the GER30 contract, which tracks the German DAX equity index, and a contrarian view of crowd sentiment gives us a modestly bearish trading bias.

Gold Price Forecast to Fall Through Near Term

Retail FX traders have recently turned net-long Gold prices versus the US Dollar, and a contrarian view of crowd sentiment suggests XAU/USD may continue onto fresh near-term lows.

US Dollar Remains a Sell versus the Japanese Yen

Retail FX traders remain net-long the US Dollar versus the Japanese Yen and have remained such with virtually no interruption through the past 12 months.

British Pound Likely to fall to Further Lows

Retail FX traders are once again net-long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of selling into weakness.

Euro Remains a Buy until this Changes

Our retail FX trader data shows ‘the crowd’ remains steadily net-short the Euro versus the US Dollar, and a contrarian view of herd sentiment suggests the EUR/USD may yet reach further hi...

Weekly Trading Forecast: Dollar Struggles with Recovery, Euro Faces Greece, Pound Awaits BoE

A notable slip in risk trend and rebound from the Dollar this past week has spurred speculation of reversals. However, is there enough fundamental leverage to change the market's tack and develop ser...

Japanese Yen Could Trade Higher If and When this Occurs

The Japanese Yen gave back some of its recent gains versus the US Dollar in a choppy week for financial markets.

Dollar Poised to Fall Further, While S&P 500 Looks like a Buy

Retail FX and CFD traders remain heavily long the US Dollar and short the S&P 500. We think the USD/JPY falls further, but the S&P could continue onto fresh peaks.

S&P 500 Looks to Rally onto Fresh Highs

Retail traders remain very aggressively net-short the SPX500—a CFD which tracks the price of the US S&P 500—and a contrarian view of crowd sentiment leaves us firmly in favor of buyin...

German DAX Uptrend Remains Intact

Retail traders remain short the GER30—a CFD contract which tracks the German DAX—and a contrarian view of crowd sentiment points to further DAX gains.

Gold Price Likely to hit Key Range Highs

Retail FX traders continue to sell into Gold price strength, and a contrarian view of crowd sentiment suggests XAU/USD may trade onto fresh highs.

US Dollar Forecast to Fall Further versus Yen

Retail FX traders remain extremely net-long the US Dollar versus the Japanese Yen, and a contrarian view of crowd sentiment points to further USD/JPY weakness.

Recent Moves Confirm End to British Pound Downtrend

Retail FX traders recently turned net-short the British Pound versus the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of buying into recent strength.

Euro Remains Likely to Test Key Highs

Retail FX traders are net-short the Euro versus the US Dollar and have remained short since the pair set a key low near $1.09 in early March.

US Dollar Remains a Sell while S&P 500 is a Buy - What could Change?

Heavily one-sided retail FX and CFD trader sentiment warns the US Dollar may continue to lose versus the Euro and Japanese Yen, while we expect the S&P 500 and German DAX will rally until this ch...

S&P 500 Remains a Buy until this Changes

Retail traders are their most short the SPX500—a CFD which tracks the price of the US S&P 500—since its inception.


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