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US Dollar May have Finally Turned versus Euro and Japanese Yen

US Dollar May have Finally Turned versus Euro and Japanese Yen

David Rodriguez, Head of Product

- A sharp Euro and Yen bounce leads to a significant shift in retail forex positioning

- The sharp shift in sentiment warns that the US Dollar may have set an important top

- 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 Finally Shows Signs of a Lasting Turn

GBPUSD - British Pound Declines Slow but not Over Yet

USDJPY - Japanese Yen May Have Set Important Low versus Dollar

AUDUSD - Australian Dollar Remains a Sell until this Changes

NZDUSD - New Zealand Dollar May Finally Turn Higher

GBPJPY - Sterling Remains a buy versus Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar May have Finally Turned versus Euro and Japanese Yen

The US Dollar may have set a lasting top, and indeed we’re looking for opportunities to trade the potentially significant turn in the USDJPY, EURUSD, and NZDUSD.

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 May have Finally Turned versus Euro and Japanese YenUS Dollar May have Finally Turned versus Euro and Japanese Yen

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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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