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Risk in US Dollar is High, but Until this Changes We Like Buying

Risk in US Dollar is High, but Until this Changes We Like Buying

2014-11-06 16:45:00
David Rodriguez, Head of Product
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- US Dollar targets fresh highs versus the Yen, Euro, Australian, and New Zealand Dollars

- Reversal risks are clearly high, but until these factors change we’ll look for more strength

- See full analysis below in individual currency sections

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

View individual currency sections:

EURUSD - Euro Targets Fresh Multi-Year Lows

GBPUSD - British Pound at Potentially Critical Turning Point

USDJPY - US Dollar Forecast to Rally further versus Yen

AUDUSD - Australian Dollar Remains a Sell

NZDUSD - New Zealand Dollar Poised to Depreciate Further

GBPJPY - Sterling Looks like a Buy versus the Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

Risk in US Dollar is High, but Until this Changes We Like Buying

One-sided moves in the US Dollar and JPY warn of significant reversal. Yet until these factors change we’ll continue to buy Dollar strength and sell Yen weakness.

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.

Risk in US Dollar is High, but Until this Changes We Like BuyingRisk in US Dollar is High, but Until this Changes We Like Buying

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--- 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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