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  • Want to hear my thoughts on the US Dollar? Check out yesterday's recording with #AuzBiz hosted by @KaraOrdway on 'The Trade' We discussed a #USD index, Treasury yields, $USDJPY, $AUDUSD and $NZDUSD https://t.co/yxwquL1btp https://t.co/RtWjlN6kpv
  • Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at 1738/47- looking for a pivot here with the Fed interest rate decision on tap. Get your $XAUUSD market update from @MBForex here:https://t.co/Vnxi41lETt https://t.co/FyZuHNzsU3
  • Feels like the market has been front-running next week’s FOMC announcement, which will reveal updated dot plot projections. Expectations clearly set for a more hawkish shift in guidance. That said, if the Fed does not deliver, US Dollar bulls could be disappointed. $USD $DXY https://t.co/o2v6ibac3L
  • USD/CAD has been chopping around the past week-and-a-half, offering virtually no cues on its next direction. Get your market update from @PaulRobinsonFX here:https://t.co/eq1YkOa3mC https://t.co/V6h8BjyeGa
  • FDA panel votes 16-3 against approving Covid-19 booster shots - BBG
  • RT @C_Barraud: 🇺🇸 Americans Haven’t Been This Down on #Housing Market Since 1982 - Bloomberg *Link: https://t.co/wWFnbAwIDO https://t.co/6G…
  • US Dollar Price Action Setups Pre-FOMC: EUR/USD, GBP/USD, USD/CAD https://www.dailyfx.com/forex/analyst_picks/todays_picks/james_stanley/2021/09/17/US-Dollar-Price-Action-Setups-pre-FOMC-EURUSD-EUR-USD-GBP-USD-GBPUSD-USD-CAD-USDCAD.html https://t.co/J25MYsXCa9
  • The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Get your $USD market update from @JStanleyFX here:https://t.co/2CDNZh2a89 https://t.co/bULXuCaHKk
  • I have this $SPX chart taking over one of my whole screens, and I just keep staring at that 50-day moving average... https://t.co/R9LQAuL2DL
  • RT @TheStalwart: Nice chart, which shows why countries in green on the perimeter, like Iran, Peru, and Turkey are known for their stability…
US Dollar Turnaround the Real Deal - Here's Why

US Dollar Turnaround the Real Deal - Here's Why

David Rodriguez, Head of Product

The US Dollar likely set a major bottom versus the Euro, British Pound, and Australian Dollar. How might we trade it?

View individual currency sections:

EURUSD - Forex Moves and Sentiment Confirm Major EURUSD Top

GBPUSD - British Pound Forecast to Trade Lower versus US Dollar

USDJPY - Japanese Yen Likely to Hit Fresh Peaks versus Euro, GBP

XAUUSD - Gold Remains Bright Spot versus the Resurgent US Dollar

SPX500 - S&P 500 at Make or Break Levels - Is this the Top?

AUDUSD - Australian Dollar Turnaround is the Real Deal

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_17.png, US Dollar Turnaround the Real Deal - Here's Why

Our proprietary Speculative Sentiment Index data shows that retail forex traders have sold aggressively into recent US Dollar strength versus the Euro, British Pound, and Australian Dollar. We use the SSI as a contrarian signal to price action; if crowds are selling, we look to buy.

Combined with a potentially significant shift in forex market conditions, this is reason enough to call for further Greenback strength.

Read full currency pair-by-currency pair rundowns in the links above, and follow future updates on retail sentiment and our trading strategies via my e-mail distribution list.

ssi_table_story_body_Picture_10.png, US Dollar Turnaround the Real Deal - Here's Why ssi_table_story_body_Picture_5.png, US Dollar Turnaround the Real Deal - Here's Why

Automate our SSI-based trading strategies via Mirror Trader free of charge

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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