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Real Risk Euro May Bounce versus US Dollar

Real Risk Euro May Bounce versus US Dollar

2011-09-29 15:34:00
David Rodriguez, Head of Product
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ssi_table_story_body_Picture_5.png, Real Risk Euro May Bounce versus US Dollar

Forex trading crowd sentiment suggests that the US Dollar (ticker: USDOLLAR) could soon fall against the Euro, British Pound, Swiss Franc, and Japanese Yen as positioning grows increasingly one-sided.

We have called for US Dollar gains for some time now as our Speculative Sentiment Index showed trading crowds sold aggressively into Greenback gains. Yet a more recent shift shows the opposite, and it may indeed be time for a broader US Dollar correction.

Recent Forex Futures and Options sentiment data warns that the US Dollar may be at an important bullish sentiment extreme. Combined with SSI readings, such data suggests that the EURUSD could soon turn 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_6.png, Real Risk Euro May Bounce versus US Dollar

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

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

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