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Australian Employment Change Rose: 13.5k, Est: 10.0k with Participation Rate: 66.1%, Est: 66.0%

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  • 🇦🇺 AUD Full Time Employment Change (JAN), Actual: 46.2k Expected: N/A Previous: -1.8k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇦🇺 AUD Employment Change (JAN), Actual: 13.5k Expected: 10.0k Previous: 28.7k https://www.dailyfx.com/economic-calendar#2020-02-20
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  • 🇦🇺 AUD Employment Change (JAN), Actual: 13.5k Expected: 10.0k Previous: 28.9k https://www.dailyfx.com/economic-calendar#2020-02-20
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  • 🇦🇺 AUD Employment Change (JAN), Actual: 46.2K Expected: 10.0k Previous: 28.9k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇦🇺 AUD Full Time Employment Change (JAN), Actual: 46.2K Expected: N/A Previous: -0.3k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Australian Dollar falls after local jobs data for January was released: Employment Change Actual: 13.5k Est: 10.0k Prior: 28.9k Unemployment Rate Actual: 5.3% Est: 5.2% Prior: 5.1% Participation Rate Actual: 66.1% Est: 66% Prior: 66.% https://t.co/FgWIytdcXK
  • A brief $AUD recovery may have run out of steam, with the currency poised to break range support and test below 0.66 against its US counterpart.Get your AUD technical analysis from @IlyaSpivak here:https://t.co/pTEaGLiyIG https://t.co/sknBs5vPpM
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US Dollar May Rally Further, Trading Crowd Sentiment Warns

US Dollar May Rally Further, Trading Crowd Sentiment Warns

2011-09-08 16:28:00
David Rodriguez, Head of Product
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EURUSDCrowd Sentiment Favors Euro Losses

GBPUSDBritish Pound Could Fall Further

USDJPYJapanese Yen Rallies Likely to Slow

USDCHFSwiss Franc Forecast Turns Bearish

USDCADCanadian Dollar Outlook Unclear

GBPJPYBritish Pound Forecast to decline vs. Japanese Yen

Forex trading crowds remain aggressively net-short the US Dollar (ticker: USDOLLAR) across the board, giving contrarian signal that the Greenback can continue to recover against the Euro, British Pound, and Swiss Franc.

The clear caveat on our US Dollar-bullish forecast is that markets remain extremely uncertain, and the Greenback has traded in an increasingly narrow range against a broad range of counterparts. The difference-maker may come on price action in the Dow Jones Industrial Average and broader risky asset classes.

The correlation between the Dow and the Dow Jones FXCM Dollar Index trades at record-strength, and whether or not the Dow breaks to further lows could decide whether the US Dollar continues higher.

View an FXCM Expo presentation on the Speculative Sentiment Index for better understanding on how we use it in our trading.

ssi_table_story_body_Picture_9.png, US Dollar May Rally Further, Trading Crowd Sentiment Warns

To get on the mailing list for the SSI and other reports from author David Rodriguez, e-mail subject line “Distribution list” to drodriguez@dailyfx.com

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