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US Dollar Loses Sentiment Edge in EUR/USD, USD/JPY

US Dollar Loses Sentiment Edge in EUR/USD, USD/JPY

Christopher Vecchio, CFA, Senior Strategist

Talking Points

- Crowd holding net-short EURUSD for second day in a row.

- Waiting to see if speculators flip net-long EURJPY to confirm bullish JPY bias.

- Net-long AUD and NZD positioning keeps bias lower.

FXCM Speculative Sentiment Index (SSI) Statistics:

US Dollar Loses Sentiment Edge in EUR/USD, USD/JPY

See the individual currency sections:

Crowd Flips in EUR/USD, Bottom May Be Forming

Retail Traders Not Convinced of GBP/USD Turn

Correction Under Way in USD/JPY

AUD/USD Still Biased Lower as Crowd Retains Longs

How do we interpret the SSI? Watch an FXCM Expo Presentation that explains the SSI.

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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

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