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  • Copper prices seem to have stalled just shy of key chart resistance as geopolitical tensions weigh on the global-growth proxy. Get your copper market update from @ddubrovskyFX here:https://t.co/qseySE5dWP https://t.co/zuQMaDqScY
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  • Another week of divergence between the #SP500 and the #Fed balance sheet S&P 500 +2.45% vs +1.74% prior B/S -0.06% vs -0.23% prior Focus may have lately been shifted to US fiscal stimulus hopes which all eyes are on this weekend and next week possibly #Liquidity https://t.co/FatSqvs2al
Major US Dollar and Yen Pairs May Have Finally Turned the Corner

Major US Dollar and Yen Pairs May Have Finally Turned the Corner

2014-07-24 15:20:00
David Rodriguez, Head of Product
Share:

- Dollar at Risk versus the Euro, but further gains versus GBP seem likely

- Japanese Yen likely to trade lower amidst significant sentiment extremes

- Australian Dollar may be top trade opportunity for two key reasons

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

View individual currency sections:

EURUSD - Key Factors Suggest Euro at Major Turning Point

GBPUSD - British Pound Breakdown Might be the Real Deal

USDJPY - Data Accurately Predicted USDJPY Bounce, Now What?

AUDUSD - Australian Dollar at Major Crossroads for Two Reasons

SPX500 - Smooth Sailing Ahead for ‘Unbreakable’ S&P 500

EURJPY - Euro Gains Favored as it Holds Key Lows versus Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Major US Dollar and Yen Pairs May Have Finally Turned the Corner

Last week our retail forex sentiment data accurately pointed to Euro and US Dollar strength and Japanese Yen weakness. Now what?

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.

Major US Dollar and Yen Pairs May Have Finally Turned the Corner  Major US Dollar and Yen Pairs May Have Finally Turned the Corner

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

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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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