Traders Have Never been More Long US Dollar - What Now?
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Retail forex traders have never been more short Euro against the US Dollar as there are nearly 4 sell orders for every long. What does this mean for the EURUSD and—more importantly—the Dow Jones FXCM Dollar Index (ticker: USDOLLAR).
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.