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US Dollar Might Finally Turn the Corner as Trader Positions Hit Extremes

US Dollar Might Finally Turn the Corner as Trader Positions Hit Extremes

2014-07-02 15:15:00
David Rodriguez, Head of Business Development
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- Dollar declines seem overdone as forex trading crowd sentiment at extremes

- We’re watching key price levels across USD pairs that could confirm

- The Sterling looks especially at risk as positions stretched across the board

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

View individual currency sections:

EURUSD - Euro Remains at Risk as Dollar May Bounce

GBPUSD - British Pound at Major Extremes - Key Warning

USDJPY - Dollar May have Turned the Corner versus Yen

AUDUSD - Australian Dollar May Have Set Important Top

GOLD - Gold Prices Could Continue Higher

GBPJPY - British Pound Sterling at Extremes versus Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar Might Finally Turn the Corner as Trader Positions Hit Extremes

The US Dollar may finally turn the corner versus the Euro, Sterling, and Japanese Yen. Here are the factors and price levels we’re watching.

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.

US Dollar Might Finally Turn the Corner as Trader Positions Hit ExtremesUS Dollar Might Finally Turn the Corner as Trader Positions Hit Extremes

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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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