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  • Money never sleeps.... https://t.co/mAkpWd2M3O
  • The US exchanges are closed and now we have to turn over to the cryptocurrency charts to monitor developments in risk trends over the weekend. Unfortunately, it can be difficult to separate systemic sentiment influences vs isolated issues (like a celebrity's tweet about a coin)
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.93% 🇦🇺AUD: 0.72% 🇪🇺EUR: 0.55% 🇨🇦CAD: 0.50% 🇬🇧GBP: 0.32% 🇯🇵JPY: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/rzD7Gp4VIC
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 1.17% Gold: 0.92% Oil - US Crude: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/TU8HEn8Gbk
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.44%, while traders in France 40 are at opposite extremes with 73.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/M5ItmLXuiw
  • The Australian Dollar plummeted more than 1.4% against the US Dollar since the start of the week with AUD/USD reversing off technical resistance at the yearly high-close. Get your $AUD market update from @MBForex here:https://t.co/72ORZ3wZwx https://t.co/zG3UzI6bRc
  • US Markets Weekly Performance: S&P 500: -1.39% Nasdaq 100: -2.34% Dow Jones: -1.14% $SPX $NDX $DJX
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.58% Germany 30: 0.35% FTSE 100: 0.33% Wall Street: -0.00% US 500: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TUoFzlS6AX
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  • EUR/USD higher on the day following a disappointing US retail sales print this morning $EURUSD https://t.co/j1IuZOFiGI
Euro, Australian Dollar, Gold, and Japanese Yen are Our Top Trades

Euro, Australian Dollar, Gold, and Japanese Yen are Our Top Trades

David Rodriguez, Head of Product

- Euro poised to hit fresh highs, Aussie Dollar targets continued lows

- Our sentiment-based trading strategies have done well in strong Euro, AU$, Yen trends

- Commodity markets remain at further risk of declines as gold sentiment at major extremes

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Rallies Seem a Little too Obvious

GBPUSD - British Pound May Offer Attractive Opportunity to Buy the Dip

USDJPY - Japanese Yen Targets Further Lows

Gold - Gold Prices Poised to Fall Even Further

SPX500 - S&P 500 Rally in December far from Guaranteed

AUDUSD - Australian Dollar Sees No Relief in Sight

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_5.png, Euro, Australian Dollar, Gold, and Japanese Yen are Our Top Trades

Retail forex traders have never been more short Euro and are extremely long the Australian Dollar and Gold prices. We’re watching these currencies for near-term trade opportunities.

Past performance is not indicative of future results, but our sentiment-based trading strategies have done well trading the Euro higher and the Australian Dollar lower. And indeed trading into current trends may be the best bet as major reversals seem unlikely through quiet year-end trading.

There’s obviously risk of short-term sentiment extremes in the Euro, Aussie Dollar, Gold prices, and other key markets. Yet those extremes are only clear in hindsight, and a contrarian view of crowd sentiment leaves us positioned for a continuation in several strong FX trends.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

ssi_table_story_body_Chart_1.png, Euro, Australian Dollar, Gold, and Japanese Yen are Our Top Tradesssi_table_story_body_Chart_2.png, Euro, Australian Dollar, Gold, and Japanese Yen are Our Top Tradesssi_table_story_body_Picture_8.png, Euro, Australian Dollar, Gold, and Japanese Yen are Our Top Trades

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

Facebook at http://www.Facebook.com/DRodriguezFX

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

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