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Euro and Aussie Dollar Remain Attractive Sells Ahead of US NFPs Data

Euro and Aussie Dollar Remain Attractive Sells Ahead of US NFPs Data

2014-01-09 16:25:00
David Rodriguez, Head of Product
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- Forex trading crowds continue buying Euro and Aussie Dollar weakness

- A contrarian view of mass psychology leaves us in favor of further declines

- Tomorrow’s NFPs are a risk but Dollar looks like a buy

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

View individual currency sections:

EURUSD - Euro Likely Set Major Top - What's Next?

GBPUSD - British Pound Remains a Buy versus US Dollar

EURJPY- Japanese Yen May Yet Trade Higher versus Euro

Gold - Prices Remain a Sell For These Two Reasons

SPX500 - Isn’t Giving Up Just Yet

AUDUSD - Australian Dollar at Make-or-Break Levels

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_18.png, Euro and Aussie Dollar Remain Attractive Sells Ahead of US NFPs Data

Forex traders continue buying into Euro and Aussie Dollar weakness versus the US Dollar and JPY. Why do we think the EURUSD and AUDUSD head lower into key US NFPs data?

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 and Aussie Dollar Remain Attractive Sells Ahead of US NFPs Datassi_table_story_body_Chart_2.png, Euro and Aussie Dollar Remain Attractive Sells Ahead of US NFPs Datassi_table_story_body_Picture_5.png, Euro and Aussie Dollar Remain Attractive Sells Ahead of US NFPs Data

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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.

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