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Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

David Rodriguez, Head of Product

- Forex trading crowd remains aggressively long the US Dollar across major counterparts

- One-sided ‘herd’ positioning leaves our focus on the EURUSD, GBPUSD, and USDJPY

- Dollar may nonetheless outperform versus Gold prices and Aussie$ looks at risk

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

View individual currency sections:

EURUSD - Euro Remains in the Driver's Seat versus US Dollar

GBPUSD - British Pound Gains are Slowing but Not Likely Over

USDJPY - US Dollar Remains at Risk versus the Japanese Yen

EURJPY - Euro Forecast Bullish versus the Japanese Yen

GOLD - Gold Prices Likely to Trade Lower as Recovery Falls Flat

AUDUSD - Australian Dollar Rally at Clear Risk on Two Factors

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

ssi_table_story_body_Picture_5.png, Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

The forex trading crowd remains aggressively long the US Dollar versus the Euro, GBP, and JPY. We see further room for EURUSD and GBPUSD highs, fresh USDJPY lows.

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 summaryssi_table_story_body_Picture_9.png, Models Target Fresh US Dollar Lows versus Euro, Yen, British Pound

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

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

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