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Few Changes in Positioning Keeps USD on Rangebound Track

Few Changes in Positioning Keeps USD on Rangebound Track

Christopher Vecchio, CFA, Senior Strategist

EURUSD - Crowd Remains Net-Short Euro, but Longs Starting to Build

GBPUSD - British Pound in Favor Over $1.5400 among Retail FX

USDJPY - Range Remains, but Retail Lines Up for JPY Weakness

AUDUSD - Australian Dollar Sentiment Shifts into Neutral

NZDUSD - New Zealand Dollar Outlook Mixed as Crowd Flips

GBPJPY - Crowd Piles into Long GBPJPY Positions

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Few Changes in Positioning Keeps USD on Rangebound Track

Sharp shifts in forex trader sentiment warn that the US Dollar is likely to offer range-trading opportunities versus the Euro and Yen.

See specific US Dollar forecasts in the sections below, and sign up for future e-mail updates via this author’s e-mail distribution list.

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Few Changes in Positioning Keeps USD on Rangebound Track

--- Written by Christopher Vecchio, Currency Strategist

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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