- US Dollar likely to hit further highs versus Euro, Sterling, Japanese Yen
- Substantially one-sided positions warn that we’re near key turning points
- Until tides change, we’ll remain in favor of US Dollar strength
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View individual currency sections:
EURUSD - Euro Trend Overwhelmingly Negative as ECB Cuts Rates
GBPUSD - British Pound Likely to Test Yearly Lows
USDJPY - US Dollar Poised for Further Appreciation versus Yen
AUDUSD - Australian Dollar Downtrend Intact for this Reason
SPX500 - S&P 500 Remains Primed For Gains until this Changes
EURCHF - Euro/Swiss Franc Positions at Record Long - Where's the SNB?
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar has surged as the Euro and other currencies have plunged. Reversal risk is high, but until these factors change the Greenback is likely to hit further highs.
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.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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